Since CompTrust is owned by its policy holders, the program is governed by a Board of Directors consisting of construction industry executives who are AGC Georgia members. The program is financially sound with assets totaling nearly $46.3 million. Since 1982 when the workers’ comp program was founded, CompTrust covers more than 15,700 employees with an annual payroll of more than $829M. Since inception, CompTrust has given back approximately $37 million in dividends to participating members making this an extremely affordable and valuable service.

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. 

Fast Facts for policy year 2023: 

  • $20.5M in annual revenue in 2022 for 286 AGC Georgia firms covering over 15,700 employees and annual payroll of $829M.
  • $46.3M in total assets with liabilities of $24.8M and policyholder equity of $21.4M.
  • $750,000 dividend declared in 2022, bringing total since inception to $37.4M.
  • 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.

For more details about CompTrust AGC MCIC, click here.