It is a fight to level the playing field to be able to compete for jobs and careers on the basis of skills and make available apprentice training to all. In 1973 Al Percy launched a class action lawsuit to give workers like him a chance to better their lot in life. It would also ensure the availability of skilled workers to build the infrastructure of the future.
Who is Al Percy? What is the lawsuit?
A short video follows below. there are also helpful and informative links on this website
Case 1:20-cv-06131-CLP Document 22-21 Filed 03/14/21 Page 46 of 64 PageID #: 2778 2. Average annual payroll per employee should not be less than ,000. 3. All NCCI hazard code 3 and 4 require pre-approval of underwriting 4. All NCCI hazard code 1 and 2 are approved 5. On stand alone minimum premium policies, a completed ACORD application is required. 6. Temporary Staffing agencies are excluded unless pre-approved by underwriting. 7. PEO cannot lease or acquire another PEO unless pre-approved by underwriting. 8. Labor interchange agreements between two or more PEOs are excluded. 9. Three year loss run documentation or no loss letter acceptable to the underwriter is required. 10. General contractors that utilize subcontracting of 50% or more require underwriting preapproval. 11. All new businesses require previous work history documentation of the owner or principle operators, acceptable to the underwriter. 12. Any class codes added after the initial application has been processed must be approved by the underwriter before being added to the client’s payroll. 13. Any bar, lounge, or restaurant must have at least 50% of food sales relative to alcohol sales to be accepted. 14. Need height or underground digging depth by number of feet for those clients in which it is applicable. (i.e.: framers, painters, roofers, etc.) 15. The Workers’ Comp Questionnaire (page 2 of new client application) will need further clarification in the comment section for any questionable answers relative to the client. 16. All businesses with 2 years or less experience will require an approval by our management committee. Class code restrictions CLASS CODES 44 | P age
Case 1:20-cv-06131-CLP Document 22-21 Filed 03/14/21 Page 47 of 64 PageID #: 2779 Surety Bond Underwriting Each bond submission must contain the following: A. The last three years fiscal statements of the contractor. If the statement is more than six months old, an interim statement must be provided. B. Personal financial statements of the major stockholders as of the latest statement, fiscal or interim, whichever is most current. If the corporation is Sub-Chapter "S", the personal statement must tie into retained earnings of the business statement. C. Completed Indemnity Agreement - Principals, spouses and related companies. D. Completed Contractor's Questionnaire/Profile. E. Bank letter indicating line of credit, conditions and classification of account. F. Optional information, which would reference letters, awards from construction organizations, accountants’ info blank, etc. Upon receipt of the information, the underwriter would initiate the following: A. Review of the financial data in regard to format, liquidity, net worth, ratios, etc. B. Contact bank and suppliers for references. C. Check on completed job references and prior surety. D. Check the indemnity agreements to insure that signatures, seals and notaries are correct. E. Check collateral for proper form, signatures, etc Underwriting Files All underwriting files should be on at least a review basis, prepared in accordance with AICPA Guidelines with all necessary exhibits and should contain: 45 | P age