ABC New Hampshire & Vermont News
Workers Comp Premium Investment AlternativeAN INVESTMENT ALTERNATIVE FOR YOUR WORKERS COMPENSATION PREMIUM
The ABC NH Workers' Compensation Self-Insurance Trust just completed one of its most successful years and enters 2014 on a strong financial footing poised for continued growth.
The keys to success in self-insurance lay in the Group's ability to prevent injuries from occurring while aggressively managing claims when they occur. The Group has been able to average just one claim for each $1 million in payroll exposure for each of the past five years. This translates into a five year average Loss Ratio of 30 percent and an average Experience Modification of .88 among Trust members. One member has been able to achieve a .66 Experience Modification in 2014. This is truly an outstanding performance.
The success of the Group has not gone unnoticed. In 2013 the Group added four new members representing $650,000 of additional premium. The Group now consists of 32 members $53 million of construction payroll.
Fund Year 2014 marks the 20th year of operation for the ABC Trust. Trust members share in the profits generated by the Group by distributing dividends among the members. Joe Blanche, Trust Administrator, recently announced "The Group's success in maintaining safe work sites and controlling expenses results in significant returns for the members. We anticipate that we will be distributing a significant amount of money among Trust members at our Annual Meeting in June".
For more information about the ABC Trust contact the chapter office: 603-226-4789