Chapter members have an exclusive opportunity to participate in the CompTrust AGC Mutual Captive Insurance Company (MCIC) program designed specifically for contractors and is owned by the participating contractors. This program offers a competitive cost alternative to regular insurance premiums, unprecedented special on-site safety services, loss control consulting and an opportunity for annual dividends rewarding safe behavior.
During the past 13 years, over $23.4 million in dividends have been returned to program participants in large part due to their strong safety programs, fewer jobsite incidents and fewer claims. The most recent dividend totaled $1.25 million, making CompTrust a powerful investment opportunity for Chapter members.
Affinity Service Group (ASG) is a wholly owned subsidiary of Georgia Branch, AGC founded in 1999, provides administrative services to CompTrust and claims processing for Chapter members. Their ability to consolidate administration, loss control and claims management in one organization provides members with cost savings, unparalleled customer service and effective communication.
History of CompTrust AGC MCIC
Since 1982, Georgia Branch, AGC has successfully operated one of the state’s longest running self-insured workers’ compensation trust funds. Based on participating contractor feedback and a desire to better reflect the changing marketplace, the Chapter initiated a comprehensive planning process to convert its self-insured trust fund called CompTrustAGC of Georgia to a mutual captive. The Georgia Department of Insurance approved this conversion on January 1, 2008, and the new program operates under the name of CompTrust AGC Mutual Captive Insurance Company (MCIC). This conversion eliminates the joint and several liability clause and creates the opportunity for out of state coverage which is especially attractive to many Chapter members doing business in multiple states.
Approximately 150 Chapter members are participants and enjoy the benefits of CompTrust AGC MCIC. It has an annual premium of approximately $12 million and more than $25 million in investments.
The program's mission is to offer a stable source for workers' compensation insurance for Georgia Branch, AGC members who are committed to long-range participation and effective loss control. CompTrust AGC MCIC provides effective and efficient administration, total claims management and professional safety services.
To learn more about how you or your agent can receive a competitive quote from CompTrust AGC MCIC, please contact Lisa Wood with Affinity Service Group at 678.298.1884. If your firm is not a Chapter member, you'll need to join prior to being eligible for the power of CompTrust. Please contact Machell Harper, Georgia Branch, AGC's Director of Member Services at 678-298-4108.
