Return On Industrial Insurance (ROII)
The Department of Labor & Industries (L&I) allows organizations like the Building Industry Association of Washington (BIAW) to form group retrospective rating programs, whereby member companies pool their L&I premium dollars. In each program year, if the group’s standard premiums paid exceeds the retrospective rating premiums, the group receives a refund. If the retrospective ratings premiums exceed the standard premiums paid, a penalty is assessed.
The process begins when a company submits their application and enrollment fee. After approval by BIAW and L&I, they become an R.O.I.I. Select member for the upcoming plan year, beginning July 1 and ending June 30 of the following year.
During the plan year, member companies continue to remit their quarterly premiums directly to L&I. Participation in the R.O.I.I. Select program neither reduces nor increases a member’s industrial insurance rates.
One year following the end of the plan year, L&I calculates the first of three adjustments. A second adjustment is calculated one year later, and a third and final adjustment one year after that.
BIAW’s R.O.I.I. program began in 1982. The BIAW program currently consists of over 4,100 member companies that pay over $100 million per year in L&I premiums, the largest, by far, premium base of any Retro program in Washington state.
New R.O.I.I. Select Since 2001, BIAW has offered an incentive-based R.O.I.I. program option called R.O.I.I. Select. The average refund for Select is 51.8%. Starting in 2011, we will transition the entire program to the new R.O.I.I. Select. The new R.O.I.I. Select program will serve companies with a minimum annual premium base of $10,000 and above. Also, companies must do Kept on Salary and Light Duty.
Kept on Salary and Light Duty Requirements
R.O.I.I. Select participants must keep each injured worker on full salary (100% wages) for at least thirty (30) week days (6 weeks) immediately following the first date of written certification by the medical provider that the worker is unable to perform the normal job duties. The Kept on Salary payment is in lieu of time loss benefits provided by the Department of Labor & Industries. R.O.I.I. Select participants must provide light/modified duty work in all cases in which an injured worker is unable to perform the normal job duties.
Claims Assistance Program (CAP )Beginning in 2011, BIAW will offer the Claims Assistance Program (CAP) to those companies which do not qualify or choose not to participate in the new R.O.I.I. Select program.
We are longtime members and the R.O.I.I. program certainly warrants our membership! We are very appreciative of the program.
Our company has been signing up for the R.O.I.I. program for several years and would like to give it a full endorsement. There are many reasons to be a member of the CWHBA, such as industry representation & governmental affairs, which are very important, but R.O.I.I is just so tangible that it should not be overlooked by anyone who is an employer. Thank you for your hard work to keep this available.
Any business owner who wants to be a good steward of company dollars needs to be involved with the ROII program. I see this program as a huge benefit to Baxter Construction and recommend it to all members. Program cost is very minimal and requires no time from you as a business owner, yet returns can be huge. We have seen returns as high as $8,500.00, so all I have to say about ROII is start now get involved in 2008.