The Kentucky AGC Self Insurers’ Fund has been providing workers’ compensation for over 40 years. Members enjoy competitive pricing and dividend payouts, while agents appreciate quarterly commission payments and strong retentions.

Why choose The Fund?

  • 29 straight years of dividends to qualifying members
  • Member dividend payout for 2023 totaled $25.8 million
  • Rated A-/Excellent by A.M. Best for financial strength and stability
  • Option to buy down your experience modification
  • New business commission of 20%
  • Flexible premium payment options (monthly or annual)
  • Competitive rates
  • Focused industry expertise
  • Access to online portal to manage your book of business and support your client’s business.

Commissions

The Fund pays a commission of 20% for new business and 10% for renewal business. Agent commissions are paid on a quarterly basis (paid in the months of May, August, November and February).

E-Mod Buy Down

The Kentucky AGC Self Insurers’ Fund offers the unique ability to buy down your client’s experience modification factor by giving them the option to buy back paid claims (primarily indemnity) to lower their E-mod. This results in cost savings for multiple years for your clients and can subsequently help improve their ability to win new bids.

Class Codes

The Kentucky AGC Self Insurers’ Fund provides workers’ compensation coverage for over 160 contractor-related class codes. In addition, the Fund can also provide coverage for a vast majority of manufacturing related class codes.

Out of State Coverage

The Kentucky AGC of Self Insurers’ Fund is pleased to offer out of state coverage through Midwest Employers Casualty Company. Having all workers’ compensation coverage through the Fund helps to ensure your clients don’t have coverage gaps and fulfills other states’ regulatory requirements. We are able to offer coverage in all 50 states, except for New York and California. You must specifically bind an out-of-state policy with your agent in order to obtain out-of-state coverage, it does not automatically apply to your Kentucky policy.

Agent of Record

For commission purposes, the Agent of Record letter must be received prior to the 1st of the month in order for the NEW Agent to be eligible to receive commission for the Fund Member’s policy. Otherwise, the NEW Agent’s eligibility will begin on the 1st day of the next month. Example: If an Agent of Record is received on the 3rd of June, the NEW Agent of record will not draw a commission for the month of June, instead, they will begin drawing a commission on July 1st.