Workers Comp Insurance Agents Overloaded In December
If you are renewing your Workers Comp policy from now until January 10th, do not be surprised if your insurance agent is not available. Insurance agents are very overloaded as the highest percentage of Workers Comp policies renew on January 1st.

Trying to get any policy changes on an end-of-the-year renewal can be a daunting task. One should think about using email and faxes right now. You are not going to get an agent on the phone, plain and simple.
Do not be surprised if you end up talking with an assistant or other agent than you normally talk to the rest of the year. If this does occur, make sure that you have everything in writing before you sign off on the policy.
Your company may want to move your renewal date forward a few weeks, if possible. Now is not the best time to request this change. A Workers Comp or any policy can be changed during the policy. Policies can be changed by endorsement at any time during the policy year.
Short rate penalties may occur if your policy expires earlier in the year than usual. The short rate penalty can be substantial. The Rating Bureau formula for short rate is designed to apply a large financial penalty to any policyholder that changes the renewal date to a prior date.
Our policy, premium, reserve, and audit sections are very overloaded right now. However, we know this time of the year is tough with an end of the year deadline approaching. Fortunately, we have a large enough staff to handle this very busy time.
©J&L Risk Management Inc Copyright Notice