General Business | Audits | Cancellations | Endorsements
No. Our products are sold exclusively through property and casualty agents and brokers like you, whom we match up with top-rated carriers - so you can enhance your relationship with clients.
Through our relationships with top-rated carriers and the volume of business we place, we can often secure coverage that otherwise would not be available.
Yes. Plus, in many cases, you receive your annualized commission upfront once the first premium is received.
No. You can place one or 1,000 cases with us, with annual premiums from $1,000 to $130,000 and higher.
Yes. Just send three years currently valued loss runs along with the ACORD 130.
In most instances, we quote in-house. And we’re committed to a turnaround in 24 hours or less.
Through a combination of excellent relationships with carriers, outstanding products and systems, and a team of individuals committed to your needs.
Back to top
Audits are handled directly between the insured and the carrier. The carrier will contact the insured directly for the audit. The insured must comply with the audit request or an estimated audit may be issued and/or the policy may be cancelled for non-compliance. The insured must make every effort to keep audit appointments or reschedule them promptly if a conflict arises.
We will provide copies of audits to our brokers as a courtesy. A copy of the original audit will be sent direct to the insured from the carrier.
To obtain audit worksheets the insured will have to provide a letter on their letterhead signed by an officer of the company authorizing the worksheets to be released. The insured may have the worksheets released directly to them or they may authorize the release of the worksheets to Agency Resources.
If the insured disagrees with the audit they need to write a formal dispute letter immediately and submit it directly to the carrier. The dispute letter should be from the insured on their letterhead describing in detail what they feel is incorrect and what portions of the audit they agree with. Any supporting documents, payroll records, certificates and the like should be included along with the dispute letter. The dispute should be submitted to the carrier directly from the insured. They should also send in a good faith payment to the carrier for the undisputed portion of any additional audit premium due. The insured can contact the carrier directly to set up payment arrangements, subject to carrier approval, for any substantial balances after the revision is complete. Audit premiums are due upon receipt.
The insured should contact the carrier immediately upon receipt of an estimated audit and set up a physical audit. Estimated audits are issued when the carrier cannot audit the insured’s books and records. This is a requirement of all workers compensation policies. The insured must set up the physical audit prior to any non-compliance cancellation date to be considered for a rescinder/reinstatement. It is also advisable that the insured fax a request to the carrier in writing with their contact name and telephone to provide proof of attempt to comply if needed. Estimated audits cannot be disputed as the information is an estimate. Only physical audits can be disputed. Estimated audits require action to provide compliance on the insured’s part.
Contact our service representatives and we will work with the carriers underwriting department on a case-by-case basis. A copy of any reinstatement or rescinder will be sent directly by the carrier to the insured. We forward our brokers a copy as a courtesy upon receipt.
You may fax or email any endorsement requests to Agency Resources. We will send these to the appropriate department at the applicable carrier.
Most endorsements are processed and sent out by the carrier in 30 days.
Note: Insured should always pay as billed until endorsements are processed and any changes to premium cycle.
By clicking on links to third-party websites, you will leave the Agency Resources Web site and enter a privately owned Web site that is not affiliated with Agency Resources or its affiliates. The information and opinions found on third-party Web sites have not been verified by our Firm, nor do we make any representations as to its accuracy and completeness. By linking to this Web site, Agency Resources is not endorsing the third-party's products and services, or its privacy and security policies, which may differ from Agency Resources and/or its affiliates. We recommend that you review the third-party's policies and terms and conditions to fully understand what information may be collected and maintained as a result of your visit to this Web site.
Adobe® Reader® is required for viewing and printing Portable Document Format (PDF) documents. If you don't already have this software installed, you can download it for free from Adobe's Web site. Get Adobe® Reader®.
Click here for a Quote
A division of Safehold Special Risk, Inc.