We are excited to announce a recent enhancement to our ABQ for Workers’ Compensation
Program. Effective immediately, ABQ policies can now be written with a direct bill payment
option under the following terms:
- Policies with premiums less than or equal to $25,000 will require a 25% down
payment and can elect 1, 2, 4, or 6 monthly installments. - Policies with premiums greater than $25,000 can elect any direct bill payment plan offered for the state except 10% down and 10 installments.
- Payment plans cannot be changed mid-term.
- Renewals will be generated with the same payment plan as the expiring policy unless a change is requested by the agent.
- New ABQ transportation risks on a direct bill plan will require an interim
premium audit at four months to confirm payroll and that the insured is not
using owner/operators.
ABQ business can still be written with a GRIP or Payroll Self-Reporting payment plan.
For more details about ABQ for Workers’ Comp, please refer to the attached flyer.
As always, thanks for doing business with Berkshire Hathaway GUARD Insurance
Companies. We look forward to entertaining more of your submissions for coverage.
