FAQs

What documents are required to submit a deal?

Acord 130
36 months of valued loss runs
Supplemental form (depending on the industry)

How long does underwriting take?

Standard turn time is 72 hours with a complete submission. Outliers would be time of year i.e. 4th quarter or if a code is excluded and the file has to go to the carrier for review. There are circumstances where exceptions can be made and files can be turned around within 24 hours or less.

How quickly can we bind a proposal?

Upon execution of the Client Service Agreement (CSA) the client is effectively bound.

What is required to enroll a client?

There are several documents required to enroll a client, but the value of leveraging the AXIS Group is our team will work with the client and the PEO to ensure all the necessary documents are communicated to the client and collected timely.

How does the commission payment process work?

Commission is paid out monthly based on the prior months payroll numbers. AXIS Group disperses commissions on the 25th of every month.

How many quotes should I expect?

Our goal is to provide 1 to 3 quotes from PEOs that have different carriers so the client has options with regard to price and rating.

What if the client does not want to outsource their payroll?

Not allowing the PEO to administer the payroll is not an option. Although this is a common misconception that processes have to change. If the client is utilizing an accounting software like QuickBooks their payroll can be integrated or downloaded into a CSV format an emailed directly to the PEO.

Do you accept BORs?

We do not accept BORs on existing clients. We protect submissions to agencies for 30 days after 30 days if we receive the submission from another agency they are free to close the deal.

If the client has a standalone policy with a carrier are we blocked from getting a quote from a PEO who has the same carrier?

This is a major advantage to utilizing a PEO, carriers are not able to be blocked because it is the PEOs policy. For example, if your competitor brings a Zurich quote to the table we can obtain quotes from our PEOs that have Zurich paper and present an alternative unique solution.

Will the Axis Group help present the PEO proposals to a prospect or client?

We will support our agency partners however necessary. We find when we are included in the presentation process the closing ratio increases by 90% as we are equipped to overcome an objections and answer specific procedural questions.

Do I have to be appointed up with the Axis Group to submit a deal?

No appointment is required to submit deals, only to receive commissions.

How can I get appointed with the Axis Group??

Please refer to the “Get Appointed” section of the website.

Does the client have an annual renewal or effective date with a PEO?

There is no set “effective date” since the work comp is being administered on a pay cycle basis. We advise to let the client continue to do business as usual as long as there have not been any service or claims issues because commissions continue for the life of the client every month.

What happens if a PEO terminates a client or can no longer cover the clients governing code?

When this occurs we are typically given 30-60 days notice in order to move the client and find replacement coverage.

 

The AXIS Group is the go-to resource for PEO quotes. Call us at (877) 636-9525 or email submissions@axisgroupllc.com to get started.