Many workers’ comp policies renew annually Jan. 1. If your policy renews on a date other than Jan. 1, you may want to consider a policy through MDA Insurance with this as your effective date (your existing policy can be canceled midterm and your unearned premium will be refunded). A Jan. 1 renewal makes it more convenient to complete your annual workers’ comp payroll audit, as year-end figures from employee W-2s are easily reported on an audit form or to a telephone auditor. Workers’ comp audits are necessary to ensure that your annual premium, which is based on payroll figures, is an accurate reflection of the risk involved.
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MDA Insurance endorses Frankenmuth Insurance Company for workers' compensation coverage. Frankenmuth Insurance offers great service and discounted group rates to MDA members. It is has earned an "A" rating (superior) from A. M. Best and has been recognized as a top carrier in Michigan by the Michigan Association of Insurance Agents (MAIA).
If you have any questions regarding workers’ comp or to learn more about the complete line of insurance solutions MDA Insurance offers, our professional staff will gladly assist you. Visit us online at www.mdaprograms.com/MDAinsurance or call 800-860-2272 and speak to Misty Haigh at extension 449 or Tina Croley at extension 448.