Simple, Frictionless and Efficient.
Technology and the internet are obviously revolutionizing the ways we can go to market. Yet it still hasn’t really addressed the core structural relationship between large carriers, independent agents and their customers. That’s what Fastcomp is all about: a simple, more frictionless, more efficient alternative to the cumbersome policies, volume commitments and restrictions of major Workers’Compensation carriers.
eBind and tBind options.
Fastcomp provides you with specific tools at your fingertips to secure 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 those less hazardous occupations, you can access eBind (Electronic Binding), get an immediate indication and write the business then and there.
For more hazardous codes, we offer tBind (Traditional Binding), which gives you access to markets that will write the business following a more traditional underwriting review by experienced Fastcomp underwriters.
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)
(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
No commitment or greater commissions.
Fastcomp demands no volume commitments, which is part of the reason we’re the smart alternative. However, we do recognize agents who use us regularly. These “Preferred Agents” receive higher commissions as they provide a continuing flow of submissions.