Fastcomp provides Independent Retail Agents with a simpler, far more efficient alternative to the cumbersome policies and restrictions of major Workers’ Compensation carriers. Fastcomp utilizes advanced APIs and proprietary predictive modeling, allowing you, the agent, to receive multiple premium quotes for many classes of business in real time, without speaking to an underwriter.
So, Fastcomp makes it easier to secure more business in today’s competitive market. Based on your personal interaction with insureds, you simply verify risk and exposure. Our proprietary technology ensures the correct codes are utilized. For the vast majority of occupations, you simply access your Agent Dashboard, get immediate quotes and write the business then and there with eBind.
For the more challenging codes, the same process gives you access to markets that will write the business following a more traditional underwriting review by experienced Fastcomp underwriters, through tBind.
Fastcomp does not have a market for operations or activities involving:
- Aircraft or watercraft
(for business use)
- Nuclear Energy
- Professional/semi-professional sports
(teams or athletes)
- Wrecking or demolition
(including buildings, structures or vessels)
- Asbestos
(including abatement, manufacturing or distribution)
- USL&H, Jones Act or any other Federal Act
(including but not limited to Defense Base Act, Migrant and Seasonal Worker Act, Federal Employer’s Liability Act or Non-Appropriated Funds Instrumentalities Act)
- Hazardous waste or materials
(including storing, discharging, applying, disposing or transporting nuclear or other waste/materials)
- Railroad operations
(including construction or risk performing work on or within 50 feet of a railroad)
- Underground mining operations
Fastcomp demands no volume commitments… part of the reason we’re the smart alternative. However, we do recognize agents who use us regularly as “Preferred Agents;” they receive higher commissions inasmuch as they provide a continuing flow of submissions.