History

CompTrust AGC MCIC is owned by its policy holders and the program is governed by a Board of Directors consisting of construction industry executives who are AGC Georgia members. Since 1982 when the workers’ compensation program was founded, nearly $40 million has been given back to participating members.

In the early days, AGC Georgia successfully operated this program as a self-insured workers’ compensation trust fund. It was one of the state’s longest running funds. Based on participating contractor feedback and a desire to better reflect the changing marketplace, AGC Georgia initiated a comprehensive planning process to convert the original self-insured trust fund called CompTrustAGC of Georgia to a mutual captive. The Georgia Department of Insurance approved this conversion in 2008, and thus its current name, CompTrust AGC Mutual Captive Insurance Company. This conversion eliminated the joint and several liability clause and created the opportunity for out of state coverage, which is especially attractive to AGC Georgia members doing business in multiple states. 

For more details about CompTrust AGC MCIC, click here.