Frequently Asked Questions

• What is PBOA’s minimum premium?
  $1,000
• How can the agent determine the appropriate class codes to use on the submission?
  The National Council of Compensation Insurance (NCCI) determines the classification codes assigned to a risk based upon the business operations of the insured, not the duties of individual employees within the business. The agent can determine the correct class codes by referring to the NCCI Scopes Manual or by visiting NCCI’s website at www.ncci.com. The agent can also contact PBOA’s underwriting staff for classification assistance.
• What constitutes a complete submission?
  Completed and signed ACORD 130 application; At least three years of currently valued loss history; Narrative of operations; Owner resume if new venture.
• On what date does the policy become effective?
  Only the underwriter has binding authority with our carriers. The policy effective date will be communicated by the writing underwriter.
• What types of billing payment plans are offered?
  Available payment plans are based on premium size but include: Annual, semi-annual, quarterly, 20% down and 10 payments, 10 equal payments, or 12 equal payments. Monthly self-audit is also available for certain premium levels.
• What payroll does an employer use for included sole proprietors, partners, or corporate officers?
  This is determined by NCCI and usually changes on an annual basis. Effective 01/01/08 in the state of Florida, the amounts are:
  Officers: Minimum: $18,200 (non-construction)
  Officers: Minimum: $6,500 (construction)
  Officers: Maximum: $119,600
  Partners: $48,900
  Sole Proprietors: $48,900
• What is the procedure for AOR change request?
  A written request made on the insured’s letterhead and signed by an officer/partner or sole proprietor must be submitted to PBOA. In lieu of a letter the ACORD Agent/Broker of Record Change form is acceptable.