About CIC

CAGC Insurance Company (CIC) is a licensed workers’ compensation insurance company in North Carolina and South Carolina. Although it principally serves the construction industry, it also writes coverage for related industries and other companies with moderate hazard workers’ compensation exposure. CIC is headquartered in Charlotte, North Carolina and is known for its hands-on claim management and loss control services. CIC distributes exclusively through the independent agent/broker network.

CIC is the successor company to CompTrustAGC of North Carolina and CompTrustAGC of South Carolina (CompTrust) which were formed in 1982 by Carolinas Associated General Contractors (“Carolinas AGC”) as the Carolinas Associated General Contractors Workers’ Compensation Trust Funds.

The Workers' Compensation Trust Funds were established during the workers’ compensation availability crisis in the early 1980’s in order to provide members with a source for workers’ compensation coverage. At that time the standard marketplace was not insuring the type of risks associated with commercial contractors. As a result, commercial general contractors were forced to place their workers’ compensation in the assigned risk pool for the state(s) in which they operated.

The workers' compensation insurance landscape has materially changed since 1982. The market is generally competitive and availability is not the primary issue. Trade association sponsored workers’ compensation self-insurance groups in the Carolinas have served their members well but issues regarding access to capital, regulatory requirements for group self-insurers, and the disincentive of joint and several liability for group members convinced Trustees of CompTrustAGC that the appeal of being an admitted carrier outweighs any advantages of continuing a self-insurance group.