PROUDLY SERVING MEMBERS THROUGHOUT CHELAN, DOUGLAS & OKANOGAN COUNTIES
Building North Central Washington is very pleased to announce that our Association will now be offering our qualified member companies access to a few high-quality, proven workers, compensation retro programs!
The SMART A-TEAM group retro program is designed for general contractors and sub-contractors who want to take advantage of a group retro program consisting of a large premium group.
A-Team participants are committed to accident prevention and keeping injured workers on salary for no less than 30 days. In addition, by returning injured workers to light duty as soon as possible, they are able to keep their costs low. In the past, some of the firms in this group may have had challenges with safety and/or claims, resulting in higher costs. With the support from SMART A-Team and Approach, they are improving their safety record by lowering their experience factor.
The SMART A-Team has averaged between 25 and 35 percent group refunds since its inception in 1996. The refund is distributed 75 percent based on performance (premium vs. losses) and 25 percent premium. Even if a participant's losses exceed their premium, they can still get some refund monies depending on the amount of premium paid into the group's premium pool. While the SMART A-Team enjoys high refunds, it is their goal to lower each participant's experience factor and prevent accidents so that all workers can return home safe to their families every day.
BNCW will also be offering our qualified member companies access to participation in the SMART Advantage Retro program. The goal of the SMART Advantage retro group is to provide proactive workers’ compensation claim management for companies in retail, wholesale, and professional service industries, while lowering the amount of premium paid to the Department of Labor and Industries (L&I).
SMART Advantage has averaged between 30 and 38 percent group refunds since its inception in 2004.
Also, BNCW now has access to a Retro program for qualified members in the transportation, manufacturing and food processing industries through the PITB Association (Pacific Inland Tariff Bureau).
For more information about these quality workers' comp retro programs and to see if your company may qualify to get some of your hard-earned dollars back, please contact BNCW at (509) 293-5840, or click here for more information.
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