The Building Industry Association of Clark County announced this week that it will receive a refund of more than $3.2 million from the state Department of Labor & Industries through a Retrospective Rating Program run by the BIA’s statewide counterpart, the Building Industry Association of Washington.
Retrospective Rating Programs are group insurance pools that allow participating members to reclaim a portion of the workers’ compensation premiums that they pay into L&I if their claim costs at the end of the year come in lower than expected. The goal is to incentivize participants to focus on job site safety and reduce the frequency of injuries and the costs of workers’ compensation claims.
The Clark County BIA has 227 members enrolled in the rebate program, and the agency said it would begin distributing the refund checks a month earlier than usual to help members deal with the impact of COVID-19.
The Southwest Washington Contractors Association, a separate local industry group, announced this week that it is set to receive a $1.486 million refund from its own Retrospective Rating Program, a large portion of which will be distributed to its participating members in the coming weeks.