Participating Safety Group Program  

•    Offers the potential for policy holders to earn a dividend on all lines of coverage except for workers compensation.

•    A dividend is not guaranteed, but is subject to premium and loss ratio eligibility requirements: and is payable subject to the discretion of the Board of Directors.    

•    To participate in the program, the policy holder must be a member of the Wisconsin Builder’s Association. Confirmation of membership is required prior to policy issuance.
   
Notes regarding subcontracted work

•    The cost of subcontracted work is determined using the following definition:

The total cost of all work let or sublet in connection with each specific project including:
1.    The cost of all labor, materials and equipment furnished, used or delivered for use in the execution of the work; and
2.    All fees, bonuses or commissions made, paid or due.
3.    The cost of all such items must be included whether furnished by the owner, the general contractor or any subcontractors.
•    The insured is required to maintain certificates of insurance from all subcontractors showing minimum limits of $1,000,000 on GL and Auto. At audit, the payroll to any subcontractors that do not have certificates of insurance on file with the insured will be placed in the governing class. The insured needs to be added as an additional insured on the subcontractor’s policy and enter into a written agreement to be held harmless. Click here for a Hold Harmless addendum