What is Retro?

Retro is a safety incentive program offered by L&I Industrial Insurance. In Retro you can earn a partial refund of your worker's compensation premiums, if you reduce workplace injuries and contain claim costs. Any employer with an L&I account in good standing can participate if they have a minimum $6,000 in annual premiums. Retro is simply another way of calculating your premium after the fact, or retrospectively.

Requirements of Retro Formation?

WSPMA would be required to create a safety policy and training for its Members. This policy is typically written in the Association Bylaws. WSPMA Members must have unified risk class for pest control 6602-08. Members may opt into the Retro program; however, formation of a group requires that enough Members enroll to achieve a $1.5M in L&I premiums as a collective. WSPMA would establish a committee to see and control all policies related to the program. WSPMA would maintain financial control over the Retro Refund Program. WSPMA would contract Third Party Administrator Stop Claims Corp to assist with formation, ongoing claim cost containment and maximize refund potential for the WSPMA Retro Group. Benefits of 

WSPMA Retro to the Members?

Retro generates revenue to WSPMA for safety training, lobby efforts and premium refunds to its enrolled members. WSPMA Retro would assist in growing WSPMA's membership, to include pest control companies from out of state with WA state operations.  Smaller WSPMA members would not be excluded due to a $50K premium threshold that other Retro Groups maintain.  WSPMA would maintain control of this benefit versus outsourcing.

Further questions?

Contact Stop Claims -  email or call (425) 238-0106