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State's First and Largest
Private Group
Self-Insurance Program
Returns $9.6
Million
in Equity to its
Members
The
Auto Dealers Compensation of California, Inc. (AD-COMP®)
Making
Great Strides
SACRAMENTO
- The Trustee Board of the Auto Dealers Compensation of California, Inc.
(AD-COMP®) has announced a distribution of just over $9.6 million to current
dealership members. AD-COMP® is
California's first and largest private workers' compensation group self-insured
program. AD-COMP® currently covers
280 auto dealer members with over $1.3
billion in payroll and collects $20 million in annual contributions.
The AD-COMP® program provides a long term,
stable alternative to the roller coaster ride that is the California commercial
workers' compensation insurance market. The
program allows fiscally sound and safety conscious dealers to pay reasonable
rates, receive better service, and share in potential profits (all members own
the mutual benefit, non-profit corporation).
The AD-COMP® program is designed to
stabilize workers' compensation costs and provide long term financial advantage
by:
-
Streamlining
administrative costs;
-
Helping
to reduce losses before they occur by implementing appropriate risk control
programs;
-
Funding
conservatively to cover losses that do arise;
-
Purchasing
appropriately placed excess insurance;
-
Administering
claims effectively and efficiently once they occur;
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Providing
oversight of the claims process to help control the cost of claims;
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Marketing
the program to qualified members that have the same philosophy as the
current members;
-
Adhering
to the strict guidelines mandated and regulated by the DIR OSIP.
To
learn more about this program, click on the
AD-COMP link above
or
call Randy Foster at
Dealer Cover (800) 936-7837
Dealer
Cover
Randy Foster
(800) 936-7837
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 PLAN
SUMMARY
More efficient way to pay for
predictable losses.
Read more
PLAN
DETAILS
More efficient way to pay for
predictable losses.
Read more
SELF
INSURANCE GROUP
What is a self insurance
group?
Read more
SPECIAL
BULLETIN
280+
members
$20 million +
annual contributions
Read more
ANNUAL
MEMBERSHIP MEETING
AD-COMP Power Point
Presentation
Read
more
CONTACTS
AD-COMP Service
Providers
Read more
TRUSTEE
REPRESENTATIVES
AD-COMP Service
Providers
Read more
QUOTE
Workers' Compensation
Application
Read more
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