CompTrust AGC MCIC Program Benefits:
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As a participant in CompTrust AGC Mutual Captive Insurance Company (MCIC), AGC Georgia’s member-owned workers’ compensation program, your company receives insurance coverage at competitive rates.
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Go the extra mile in keeping your workforce safe with an added level of safety services delivered by AGC Georgia staff and loss prevention specialists employed by CompTrust AGC MCIC.
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Additional safety services include complimentary in-depth site safety inspections and reporting.
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Policy holders enjoy the benefits of a policy that can follow them in 50 states and has the backing of an A.M. Best A+ and S&P A+ rating.
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In June 2025, a $1,000,000 dividend was declared for calendar year 2024 for the 270+ policy holding firms. This brings the total amount returned to policyholders since inception of the program to $39.2 million. The program has $48 million in assets, with liabilities of $22.8 million and a strong policyholder-equity position of $24.8 million.
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CompTrust AGC MCIC Leadership
Members of the CompTrust AGC MCIC Board of Directors
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Dan Baker, Chairman
Duffey Southeast, Inc.
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Dave Cyr
Parrish Construction Group, Inc.
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Dan Hartley
Hartley Construction Company
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Tony Pellicano
Pellicano Company, Inc.
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Chris Sheridan
Retired Industry Executive
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Ken Swofford
Swofford Construction, Inc.
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Gary Young, Treasurer
Young Contracting/SE, Inc.
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Greg Dorsey, CPCU, AIC
President & CEO, CompTrust AGC MCIC
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Mike Dunham, Fiscal Officer
Chief Executive Officer, AGC Georgia
CompTrust AGC MCIC History
CompTrust AGC MCIC is owned by its policy holders and the program is governed by a Board of Directors consisting of construction industry executives who are AGC Georgia members. Since 1982 when the workers’ compensation program was founded, nearly $40 million has been given back to participating members.
In the early days, AGC Georgia successfully operated this program as a self-insured workers’ compensation trust fund. It was one of the state’s longest running funds. Based on participating contractor feedback and a desire to better reflect the changing marketplace, AGC Georgia initiated a comprehensive planning process to convert the original self-insured trust fund called CompTrustAGC of Georgia to a mutual captive insurance company.
The Georgia Department of Insurance approved this conversion in 2008, and thus its current name, CompTrust AGC Mutual Captive Insurance Company. This conversion eliminated the joint and several liability clause and created the opportunity for out of state coverage, which is especially attractive to AGC Georgia members doing business in multiple states.
For more details about CompTrust AGC MCIC, click here.