Renewing your policy
Want to renew your SAIF policy? Here’s what you need to know.
Policy contracts are generally renewed on an annual basis. All annual policies have payment plan options, including installment payments or payments based on reported payroll.
Two things are required to avoid cancellation of your SAIF policy:
- Filing accurate and timely payroll reports. Learn more about reporting payroll.
- Making payments on time. Read our tips for paying your bill online.
Assigned Risk Plan
NCCI requires servicing carriers to issue a renewal quote to employers 45 days before their policy expires. This allows employers time to seek coverage in the voluntary market if they wish. The renewal quote identifies the payment necessary and contains information on the deposit and other rating factors.
Policies are cancelled when employers fail to pay additional deposit or premium when due. For more, visit our Assigned Risk Plan page.
If you have additional questions about the renewal process, call us at 800.285.8525 or email email@example.com.