CBIA Workers’ Comp Program Shares Dividend Payout of Nearly $1 Million

CBIA’s Comp Services board recently announced a $933,752 experience refund for qualified workers’ compensation policyholders.

The dividend payout will be distributed to those policyholders with good loss ratios.

In 2018, the program distributed $1 million to qualifying insured members.

“Our members paid really close attention to safety this year, and that brought the program’s loss costs down,”said CBIA Comp Services’ treasurer Steve Marcoux.

“It’s great that we can reward those members that generated these outstanding results.”

The CBIA Workers’ Comp Program, administered by FutureComp, meets full state coverage requirements and is available to CBIA members with certain manufacturing class codes.

The program itself is owned by policyholders and helps members identify workplace hazards and develop loss prevention strategies.

The program provides on-site loss control and risk management services as well as managed care services that include a network of medical providers chosen specifically for their occupational health expertise.