Wayne’s Joins the AGC Two Million Dollar Club
The Association of General Contractors (AGC), Washington chapter, recently celebrated the Group Retro workers’-comp program’s top industry performers for 2023, and Wayne’s Roofing was one of 8 contractors to be included in the Two Million Dollar Club.
AGC Group Retro is a retrospective premium-rating program. These are safety incentive-based programs, approved by the State Department of Labor and Industries (L&I), that provide employers with an opportunity to receive a substantial refund of their industrial-insurance premiums based on excellent EMR ratings.
An EMR or experience modification rating helps determine the price of worker compensation insurance premiums. For construction, insurance companies use this score to understand past costs of injuries to determine risk levels and premiums. An average EMR is 1.0.
With an EMR rating of 0.6322, Wayne’s Roofing is considered one of the safest contractors in Washington.
AGC Group Retro features include hands-on claims-management assistance, an in-house vocational counselor, one-of-a-kind return-to-work services, stringent underwriting criteria requiring Safety Team® membership, and is the state’s best-value workers-comp program to offer:
• average individual top-performer refunds of 51% over the last 20 years
• the lowest administrative costs among workers-comp retrospective rating programs at approximately 5% of the refund, and
• an industry-best 99% member-retention rate.
These results reflect a commitment to safety and light-duty accommodation. While top performers will earn refunds of 50% or more, the same efforts also reduce L&I insurance costs for both employer and employee while preventing and reducing injuries.
