BIAWC to Issue $1.6 Million ROII Safety Rebate
The Building Industry Association of Whatcom County announced members will receive a refund of more than $1,641,059.42 from the WA Department of Labor & Industries through a Retrospective Rating Program (ROII) 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. BIAWC has 140 of its’ 400 members enrolled in the safety 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 Building Industry Association of Whatcom County is the voice of the housing industry as a trade association with 400 Whatcom County businesses representing over 7,000 employees engaged in all aspects of home construction. The association is dedicated to ensuring the vitality of the building industry so members can meet the housing needs of local citizens.