Safety Discount: If you currently have a safety program in place in which you hold frequent safety meetings with specific safety rules and procedures you are eligible for a 2% Credit on your work comp premiums.
Drug Free Discount: If you currently have a Drug-Free Workplace Program where drug testing is done for new hires and for reasonable suspicion of drug use you are eligible for a 5% Credit on your work comp premiums.
FCCPAP Credit: This credit was designed for contractors who pay their employees an average hourly rate of $10 or more. Based on the average hourly rate of your contracting employees you could be eligible for a discount! For example if your average hourly rate is currently $14 an hour, you would qualify you for a discount of 7% on your policy.
Dividend Programs: Dividend plans are designed to reward insured’s who do not have a lot of claims. This is a sliding scale program based on the amount of premium an insured pays into the carrier vs. the amount of money paid out in claims. This percentage is called the “loss ratio”. For example, if an insured pays in $18,000 in premium and has no losses for the year, they would be eligible for a 12% return of their premium or $2,160 back. If the insured has some claims and had a loss ratio of 4% they would still receive 8% of their premium back.