The Florida Office of Insurance Regulation placed Fort Lauderdale-based Guarantee Insurance Co. (GIC) under state receivership on Friday, November 17. The OIR declared that the company is insolvent and committed willful violations. See Referral Letter
It is our understanding that GIC is no longer renewing any policies. If you need a new workers’ compensation insurance option, please contact us to take advantage of our 3 “A” rated insurance carriers. Our streamlined submission process will make the transition smooth and efficient.
In addition to our A-rated carriers, MBA offers strategic HR consulting and outsourcing services, benefits administration, payroll processing, and risk management. MBA’s HR Consultants are licensed attorneys with extensive backgrounds in labor and employment law. Our HR professionals assist MBA clients with investigations and charges, federal and state regulatory compliance, best practices, and disciplinary recommendations.
Please contact us if you have any questions.