Fund Discounts

Standard Premium Discount
$0 - 3,000 0%
$3,001 - 4,000 1%
$4,001 - 5,000 2%
$5,001 - 6,000 3%
$6,001 - 7,000 4%
$7,001 - 8,000 5%
$8,001 - 9,000 6%
$9,001 - 10,000 7%
$10,001 - 11,500 8%
$11,501 - 13,000 9%
$13,001 - 15,000 10%
$15,001 - 17,500 11%
$17,501 - 20,000 12%
$20,001 - 22,500 13%
$22,501 - 25,000 14%
Over $25,001 15%

Fund members are automatically entitled to a premium volume discount if their annual modified premium exceeds $3,000.00 as shown to the right.

At the beginning of each year (or at policy inception), annual and estimated billings are provided with ESTIMATED DISCOUNTS based on payroll estimates. The final audit determines ACTUAL discounts afforded as the estimated discount is adjusted according to the above schedule.

New Members who join after January 1st of each year

The discount as applied to this policy is based on an estimated twelve (12) months of payroll and premium. The discount is adjusted to the level of estimated normal premium for the prorated twelve (12) month policy, which expires on 12/31 despite the effective date. (Please note that all Kentucky AGC/SIF policies expire on 12/31 and automatically renew on 1/1.)

The final audit determines ACTUAL discounts afforded as the estimated discount is adjusted according to the above schedule. This policy has remained unchanged since the Fund's inception. (Any policy to which a 150% "Adder" has been applied to the experience mod will not be eligible for a premium discount until such time as the member company's final payroll audit (year-end or cancellation) is completed. Upon completion of the final audit, the premium discount will be reinstated but determined only by the modified premium for the time period in which the adder was not in effect.)

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