Workers Compensation: FAQ

Question

• What states do you write?
• What is the minimum and maximum mod written?
• What are your maximum and minimum premiums?
• What do you need to write a multi-state account?
• What is your turnaround time on a quote?
• How many days in advance can you quote?
• What is needed to bind a Workers Compensation policy through MarketScout?
• How is the billing handled within the ACE Complete program?
• How are claims reported in the ACE Complete program?

What states do you write?

Answer

We have carriers that can write in all states except the monopolistic states WA,ND,WY,OH.

Question

What is the minimum and maximum mod written?

Answer

Not less than .70 or more than 1.79.

Question

What are your maximum and minimum premiums?

Answer

Question

What do you need to write a multi-state account?

Answer

We must have a completed Workers' Compensation ACORD Application, 3 Years of Current Losses (if applicable), and the Experience Mod Worksheet (if applicable). please fax to (972) 934-4299.

Question

What is your turnaround time on a quote?

Answer

Normal turnaround time on a quote is usually within a few days if all necessary information is received.

Question

How many days in advance can you quote?

Answer

We can quote up to 60 days in advance.

Question

What is needed to bind a Workers Compensation policy through MarketScout?

Answer

We will need:

• Written Confirmation of binding (email or fax
• Completed and signed WC Acord Application
• 5 Years Current Losses (if applicable)
• Experience Mod Worksheet (if applicable)
• And, you must be an approved agency through MarketScout; contact your MarketScout underwriter for instructions

Question

How is the billing handled within the ACE Complete program?

Answer

Payments are handled through multiple direct billing plans. The insured is direct billed.

Question

How are claims reported in the ACE Complete program?

Answer

The insured can utilize a nationwide toll-free number: 866-840-1ACE (1223) to report claims.