Keep paying L&I premiums and get nothing in return; or…
Participate in a Group Retrospective Ratings Program and get a refund
on your L&I premiums every year.

In 1981 the Washington legislature approved Group Retrospective
Ratings Program for associations to provide to their members. The
leading Retrospective Rating program in Washington state with annual
premiums exceeding $95,000,000 — three times larger than any other
group is the Building Industry Association of Washington’s (BIAW)
“Return on Industrial Insurance” program (R.O.I.I.). More than 30
percent of the total dollars refunded to Retro programs in the state
last year came back to the BIAW R.O.I.I. program participants.

With such financial strength, refunds that are consistently above
average, and the stability of 17 years of experience, it is no wonder
that R.O.I.I. can produce tremendous savings to members. More than
4,400 companies are already reaping the rewards of the number one Retro
program in Washington. If you’re as serious about saving money as they
are, they’d like you to join them. The R.O.I.I. program has averaged 36
percent returns annually over the past 17 years.

Member companies continue to remit their quarterly premiums directly
to the Washington Department of Labor and Industries during the plan
year. Participation in the R.O.I.I. program neither reduces nor
increases a member’s industrial insurance rates. Each R.O.I.I. plan
year begins July 1 and ends June 30. One year following the close of
the plan year, L&I calculates the first of two retrospective
refunds. If the R.O.I.I. group’s premiums exceed its actual claims
costs, L&I returns the excess premium money to the group. If claims
exceed premiums, group members can be assessed additional premiums. But
due to R.O.I.I.’s strict enrollment criteria and its safety and claims
assistance programs, the group’s premiums have always exceeded its
claims, resulting in a refund every year since the program began in
 1982.

The BIAW R.O.I.I. program has professional claims specialists on
staff who watchdog each injury claim and work with member companies and
L&I to find account errors, return injured employees to work and
close claims quickly and efficiently. This individualized claims
attention helps member companies save time and money and they assist
member firms in design of light duty programs for injured employees. A
full-time safety professional to assist member companies in the
development of safety programs and procedures that will help prevent
injuries and claims is also available to participating companies.

If you want to see your workers compensation premiums become an
investment, contact your association’s “Retro” staff or if your company
is in or related to the construction industry contact the HBA of Kitsap
County at (360) 479-5778.