The Value of your Membership – In Action! Decreases in Work Comp Premiums on the way!
For most of you, workers compensation represents a significant line item expense for your company annually. For many years the Association has provided access to some of the best rates for Work- Comp that can be found in the market through the AGC-SIF program. On top of that, we help ensure that that fund operates efficiently and that rates remain competitive for you – our members. If you have been a member of the fund for 5 or more years, you have probably enjoyed the annual dividends paid to policy holders as well.
However, our involvement does not stop there!
During the last legislative session, the Association was a key partner in a coalition that fought for significant reforms and common-sense changes that resulted in passage of House Bill 2. As a result, Kentucky employers can expect a significant decrease in workers’ compensation costs.
According to the State Chamber of Commerce, “The Kentucky Department of Insurance (DOI) has announced the approval of the 2018 rate filing used to develop rates for workers’ compensation coverage, showing a decrease of 10.8% for Kentucky employers”…depending on your personal experiences of course.
Want more information on the special BIA Member workers' comp program? Email