Survey: Required renewal info for Comp
Moderators: Josh, independent guy
Survey: Required renewal info for Comp
For individually underwritten workers' compensation accounts (non-group, non-program), are there any markets that DO NOT require renewal information like an Acord, updated loss runs and supplemental?
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- Insurance Journal Enthusiast
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WC Renewal Info
Not that I know of. Besides, wouldn't you want to find out if their payroll increased so that they don't get hit with a huge additional premium at audit time? You also want to keep a copy of the signed application for your files too.
"Insurance is a necessary evil, until you have a claim."
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- Insurance Journal Addict
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W/C
Maybe she is referring to the Renewal carrier only....if there is someone who offers automatic renewal?
"It's a typical day, on the road to Utopia.."
Thank you.
Thanks for your replies. Makes sense to me. Just wanted to get a broader perspective on this issue. There is disagreement on this issue and I wanted to see what others have experienced. I appreciate your input.