How long does it take to get set-up and start submitting business?

The set-up process can take less than a week.  In order to start submitting business for quotes we must have signed agreements in place.

Which work comp mod is used?

Each client is issued a separate policy utilizing their own current modifier.  However, your client gets the benefit of building the rates into their payroll factors and cash flowing premium in a manner that is virtually audit proof.

What do we do if a client terminates?

Simply notify our agency and we will take care of the rest.

How do we report premium?

Each month, you e-mail us a spreadsheet with premium information for each of your clients who ran payroll in the previous month and ACH money to our account or allow us to ACH your account for the premium you collected on behalf of your client.

How do we earn our transaction fee?

At the end of each month The Insurance Shop will reconcile collected premium and remit the premium to Guarantee Insurance Company.  Your transaction fee will be remitted to you by The Insurance Shop by the end of the month proceeding the month in which the premium was remitted to us.  You will earn a 1% transaction fee on all premium.