ELIGIBLE AGC GEORGIA COMPTRUST AGC MCIC DIVIDEND

Developed for contractors by contractors, board members for CompTrust AGC Mutual Captive Insurance Company, AGC Georgia’s workers’ compensation program, are excited to share that they will distribute a $1 million dividend for calendar year 2020 in the coming weeks. The audits on each member contractor who holds a workers’ compensation policy will be complete this fall.

CompTrust AGC MCIC offers an A.M. BEST A+ (XII) rating and S&P A+ Rating, along with coverage for contractors who travel nationwide.

“For our participants’ excellent safety record in 2020, CompTrust is returning a total of $1 million dollars,” said Mike Dunham, AGC Georgia CEO. “Our workers’ compensation program is built to meet the needs of today’s safety conscious AGC Georgia contractors. Our professional team at CompTrust AGC, led by Greg Dorsey, the program’s president & CEO, has a vested interest in helping contractors succeed with safety at the forefront.”

Choosing a workers’ compensation program can be a bit like an owner choosing a contractor. If owners are looking for a top-quality construction project along with it being delivered safely and efficiently, they are certain to consider factors other than just price. Luckily, CompTrust AGC does not require a cost versus quality trade-off. It is both comprehensive and affordable and provides free training.

CompTrust AGC offers three distinct advantages from other

CompTrust AGC MCIC Fast Facts

• $25.2M in revenue in 2020 from 276 AGC Georgia firms covering 12,500+ employees and annual payroll of $710M.

• 12% annual increase to $48.8M in assets with liabilities of $25.2M and policyholder equity increasing 20% to $23.5M.

• $1M dividend declared in 2020, bringing total since inception to $35.6M.

• Participants enjoy complimentary safety training and the benefits of a workers’ compensation policy that can follow them in 50 states and has the backing of A.M. Best A+ and S&P A+ ratings.

workers’ compensation programs in the marketplace:

1. Dividends: Since 1982, they have paid out more than $35 million in dividends based on the safety record of the overall group and members’ individual performance.

2. Free Risk Management Services: They help policyholders reduce their risk and losses by providing safety training, site inspections and other services at no charge.

3. AGC Georgia Member Exclusives: CompTrust AGC policyholders receive added benefits such as access to legal resources, advocacy, networking, continuous educational offerings, environmental services, professional development and more.

The program’s mission is to offer a stable source for workers’ compensation insurance for AGC Georgia members who are committed to long-range participation and effective loss control.

CompTrust was started by a handful of proactive AGC Georgia members in 1982. This group came together when the construction industry found itself in a crisis with little or no workers’ compensation market. Their entrepreneur spirit is still alive today in our successful program.

While many other programs similar to CompTrust AGC that were started at the same time have come and gone during our 39 years, CompTrust remains very strong. The program just completed a spectacular year with 276 policyholders, increased surplus and has total assets over more than $48 million.

AGC Georgia offers all CompTrust AGC workers’ compensation policyholders the opportunity to train their workforce at no charge on a variety of safety-specific courses. Safer worksites reduce the risk of employee injury and financial losses while helping to lower insurance premiums. And, there is no limit to how many of your firm’s employees you can train!

Available classes offered to employees of participating firms at no cost include:

• Fall Protection – Competent Person Training

• OSHA 10-Hour for Construction

• OSHA 30-Hour for Construction

• OSHA Crane Standard Subpart CC: Qualified Signal/Riggers

• Scaffold Safety – Competent Person Training

• Silica Competent Person Training for Construction

• Steel Erection – Competent Person Training

• Trenching and Excavations –Competent Person Training ■

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