Alternatives to Workers' Compensation
or Non-Subscription Insurance

FAQ's for Alternatives to Workers' Compensation or
Non-Subscription Insurance

STATES WRITTEN

Question

What states do you write?

Answer

Alternatives to Worker' Compensation is only available in Texas.

INSURER RATINGS

Question

Who is the insurer and what is their rating?

Answer

Lexington Insurance Company, a member company of American International Group - A.M. Best Rating is A++.

TURNAROUND TIME

Question

What is your turnaround time on a quote?

Answer

If all information is received, normal turnaround time on a quote is usually within two weeks if all necessary information is received.

BINDING

Question

What is needed to bind an Alternatives to Workers' Compensation policy through MarketScout?

Answer

We will need:

New Business Transmittal for EPIC (checklist)
Application for Employer's Primary Indemnity Coverage
Disclosure and Acknowledge Concerning Workers' Compensation
Officer/Owner/Partner Request for Exclusion forms (if necessary) (each Officer/Owner/Partner must sign a copy of the individual form)
MarketScout Fax-A-Quote
Past 3 years loss reports or statement on Employer's letterhead listing claims and amounts or statement of no claims.
ERISA Plan Worksheet
Signed and Dated Quote
Deposit Premium Check made payable to Employer's Comp Associates, Inc.

SURPLUS LINES TAXES

Question

Since Lexington is a non-admitted carrier, who files the surplus lines taxes?

Answer

Employer's Comp Associates (ECA) will file the taxes.

TEXAS NON-SUBSCRIBERS

Question

What percentage of Texas employers are non-subscribers?

Answer

Approximately 40%.

PROGRAM ADMINISTRATOR

Question

Who is the designated program administrator for this non-subscription program?

Answer

Employer's Comp Associates (ECA) is the program administrator and the coverage is underwritten by Lexington Insurance Company.

BILLING

Question

How is the billing handled within the Non-subscription program?

Answer

Payroll reports are required on a monthly basis. The insured is direct billed each month. A month's deposit is required prior to binding.

REPORTING CLAIMS

Question

How are claims reported in the Non-subscription program?

Answer

A Claims Kit will be given to the insured at the time of policy issuance.

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Alternatives to Workers' Compensation or
Non-Subscription Insurance