iComp is a fully integrated, multi-state workers compensation and General Liability insurance processing system. iComp consists of several integrated modules in Policy Administration, Claims and Financial Management to cover the complete workers compensation business cycle. iComp supports full-service Workers' Compensation carriers, Third Party Administrators, Self-Insured funds, MGA, TPA, or other workers compensation entities and includes the following modules:
o Application & Quoting
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o Renewal
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o Policy Management
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o Claims Management
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o Billing & Receivable
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o Mail Merge
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o Cancellation
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o Reinstatement
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o Commission Processing
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o Data Import and Export
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o Audits
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o Report Writer
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o Document Management
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o Journals & Notes
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The application module stores and processes quotes and binds a Workers' Compensation or a General Liability policy. A submission may be quoted with several user defined products and billing plans. The printed quotes can be saved as a MS Word or PDF document which can be printed, faxed, or E-mailed.
iComp provides an advanced multi-state, multi-location rating engine for general liability or workers' compensation coverages including Increased Employer Liability, USL&H, Maritime, Waiver Subrogation, and state-specific surcharges.
iComp incorporates a powerful policy and endorsement issuance system allowing for automatic generation of Policy Forms upon policy issuance. In addition to the information page, endorsements, and schedules, other forms such as a cover page may be added using Microsoft Word to produce a complete policy package with a click of the button.
iComp provides comprehensive agent accounting and flexible commission processing including fixed commission percentages for new and renewal in addition to tiered percentages based on premium volume.
CBSI iComp is robust and flexible enough to accommodate all of your workers' compensation insurance needs. iComp was built under the direction of a major workers' compensation insurance fund.