ToughComp Company Market Research Report
Company Overview
Name
ToughComp
Mission of the Company
To assist companies of all sizes, complexity, and loss history in finding the right workers' compensation solution, particularly for distressed accounts with high experience modification factors or high hazard work.
Founded
No information is available.
Key People
- Marat Kogan, President
- Frank Fasano, Director of Sales
- Magdalena Stefkova, Administrative Manager
- Elena Koteva, Agency Relations Manager
- Marijana Delijanova, Agency Relations Specialist
- Annie Ilijeva, Agency Relations Specialist
Headquarters
28 Village Road North, 3R, Brooklyn, NY 11223
Number of Employees
No information is available.
Revenue
No information is available.
Known For
- Providing workers' compensation coverage, especially for difficult or high hazard classes.
- Offering alternatives to state funds for companies with high experience modification factors and those penalized for shock losses.
Products
Alternative Workers Compensation Insurance
Workers Compensation options through partnerships with Professional Employer Organizations. This offers lower workers compensation premiums, a pay-as-you-go program with no audits, and eliminates the oppressive upfront cost of state funds. Particularly beneficial for high hazard, high experience modification factors, and companies with losses.
Key Features:
- Lower premiums
- Pay-as-you-go program
- No audits
- Alternatives to state funds
Traditional Workers’ Compensation Programs
Secure workers' compensation insurance programs through national and regional insurers. Coverage can be written on a guaranteed cost basis, with small and large deductibles, through various captives and safety groups.
Key Features:
- Guaranteed cost basis
- Small and large deductibles
- Various captives and safety groups
- Online application for instant quotes
Workers Compensation Premium Recovery
Assist employers in recovering overpayments in Workers Compensation due to incorrect classifications, payroll audits, calculated experience ratings, and other errors. Fees are based on a percentage of savings recovered.
Key Features:
- Review and recovery of overcharges
- Percentage-based fee structure
Cannabis Industry
Provides workers' compensation for cannabis-related business clients through both PEO and Standard Market options, fulfilling needs in this emerging market.
Key Features:
- National and regional carrier options
- Minimum payroll threshold ($100,000, $2500 premium for a PEO)
Recent Developments
New Products Launched
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- First Fidelity Brokerage, Inc. (FFB)
Other Developments
- ToughComp has expanded its services to include over 200 locations
- Partnerships with over 40 standard markets and 15 PEOs
- Available workers' compensation programs in every state except Wyoming, Washington, West Virginia, North Dakota, and Ohio
Contact Information
- Email: info@toughcomp.com
- Phone: (212) 390-8772
- Headquarters Address: 28 Village Road North, 3R, Brooklyn, NY 11223
