The Best in the Industry for Membership, Workers' Comp | Alabama ...

The Best in the Industry? For Membership, Workers? Comp

The Alabama AGC is the largest, oldest ? and most financially stable ? non-residential construction trade association in the region. And now, specialty contractors and general contractors serve as equals at the highest level of the association.

Specialty contractors that have a general contractor?s license are eligible for full membership in Alabama AGC. Current members can make the change this year for no charge and will be billed $1,200 in 2013. Dues will remain at that level for several years to enhance the transition. All new members join under the new classification.

While membership opportunities are increasing, Alabama AGC?s workers? compensation fund, CompTrustAGC, remains one of the largest, most stable construction self-insured fund in the state. CompTrustAGC is the only self-insured fund with an A.M. Best rating.

A.M. Best Company is a global full-service credit rating agency dedicated to serving the insurance industry.? It began assigning ratings in 1906, making it the first of today?s agencies to use symbols to differentiate the relative creditworthiness of companies.

The rating process involves a comprehensive analysis of a company?s balance sheet strength, operating performance and business profile.? This includes comparisons to peers and industry standards as well as assessments of operating plans, philosophy and management.

You may see CompTrustAGC?s rating by going to www.ambest.com and using the A.M. Best #055028 or by typing in Alabama Branch of AGC of Amer Inc SIF.

In addition to our rating, CompTrustAGC has given back $98.4 million in contribution credits (dividends) since 1994.? For the 2013 year, our insured?s will receive their share of $3 million in credits along with an overall 5 percent decrease in rates. Also for 2013, Alabama AGC has the ability to apply additional discounts to the already reduced premium on new submissions until the insured is eligible to participate in our dividend program.

What does this mean to a contractor? You can become a leader in the industry through participation in Alabama AGC. And, you have the ability to place your business with a secure, financially sound workers? compensation fund located in Alabama with a secured A.M. Best Rating that no other Fund has. With today?s economy, this gives you the peace of mind of knowing you are indeed looking out for your company?s best interest.

Contact Bill Caton at (205) 451-1411 or billc@alagc.org for membership information. Call yourself or have your agent contact Tammy King at (205) 451-1414 or tammyk@alagc.org to get a workers? compensation quote.

Source: http://alagc.org/2012/10/09/the-best-in-the-industry-for-membership-workers-comp/

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