The Southwest Washington Contractors Association (SWCA) Retro Group has received a refund from the Washington Department of Labor & Industries for $915,282, making it the best performing Retro program in the state of Washington for the 2014-2015 policy year with a 48.2% return rate.
The Retrospective Rating Program was created by the state to reward contractors for having fewer workplace injuries than anticipated by state actuaries for their class of business. In 1997, the Southwest Washington Contractors Association implemented the program, known as Retro Group. The group has repeatedly reported high returns because of the willingness of each company to maximize safety and manage claims proactively.
SWCA Retro Group participants meet 6 times per year to discuss and learn about improving safety for their employees. SWCA Retro Liaison Eric Sander of Precision Bonding, LLC, is the program administrator and works with other high-profile safety experts within the SWCA membership to provide quality and timely training for worksite safety improvements. In the past year, these have included confined space entry, claims handling, ladder safety, and other topics aimed at reducing injuries on construction projects.
Employers must meet minimum qualifications in order to participate in the Retrospective Rating Program. These include an adequately sized premium to reduce risk of non-performance, a commitment to safety by top management, commitment to a drug-free workplace, financial solvency and an agreement to keep injured employees on salary for at least 90 days.
The SWCA Retrospective Rating Program is currently accepting applications for enrollment through June 10th.
If your company is interested in participating in the SWCA Retro Group, contact Darcy Altizer.