3.6% Workers' Compensation Discount to Qualifying Members
Since our partnership began wtih BrickStreet 360 Discount Program (September 2009) the Home Builders Association of West Virginia, has been able to steadily increase the discount rate available to our members from 7.2% to a 9.5% discount on workers' compensation premiums for all of our 68 participating members- the highest of any of the 8 participating associations. (Note: As of September 1, 2016 this rate will be 6.2%)
Why do we receive the best? Certainly, one determining factor was our group's loss ratio - with the allowable being no higher than 65%. Our HBA members came in at 10%. - WOW. The answer to that good showing is "safety conscience" members - members that have taken advantage of the many safety seminars that have been offered and taken this knowledge back to their worksites.
As you browse the information being provided you will be directed to the BrickStreet website and learn more about the partnership that the WVHBA and eight other professional trade association groups are providing to their members. You will find various links — BrickStreet’s announcement of the Association Program as well as receiving guidance on establishing the required Return to Work Program (.pdf) for your company.
(Note: there is also a special website to assist members in developing a formal safety loss program. Members who have been approved may visit the site after first calling the State Office and receiving license and password to enter the site.)
Two other documents that members will need to access are the Participation Agreement (.pdf) and Review of Eligibility form (.pdf) – both of which will be sent to BrickStreet to determine if the member has met the agreed to criteria for eligibility.
We have also developed a list of Frequently Asked Questions (PDF).
Ten individuals make up the Safety Team oversight committee, including HBA members and staff plus three BrickStreet staff persons, include: