Workers' Compensation Group Dividend Plan

What is the SESAC Dividend Plan?                                                                                

Progressive Steel Erectors and associated companies have joined together to share safety and management information. Since the inception, the members have benefited from improved safety and loss performance, lower insurance premiums, and less OSHA interference.

What does it do?

SESAC and Pinnacol Assurance provide a Workers’ Compensation Dividend Group. After joining SESAC, members have the opportunity to earn a refund on their insurance premium, if the loss history each year is satisfactory.

SESAC combines the premiums of many contractors for volume buying power!

Membership in SESAC includes the following services to assist in keeping your job sites safe and to help earn premium rebates:

• Professional safety management advice
• A personalized safety policy manual developed for each member
• Personnel training- free or at a discount
• On-site consulting and safety inspections
• Expert service from the insurance brokerage firm that handles SESAC workers’ compensation
• SESAC safety professionals to assist in developing Colorado Cost Containment Certification and Preferred Provider networks enabling members to receive an additional 7.5% off the top of their premium costs

In addition, SESAC membership entitles members to claims management assistance which can:

• Reduce the number of days away from work due to injury- reducing work. comp. payouts
  
• Lower modification rates. Low modifiers reduce up-front premiums
• Increased policy discounts
• Reduced overall premiums

Can I join with a poor safety record?

SESAC is dedicated to improving the industry’s safety record. By joining, you will be among the best in the business, all of whom have continually improving safety records. With the SESAC membership, and professional Safety Administrators helping you, along with your commitment, your safety record will improve! Work. Comp. costs will go down!

What are the risks?

None. Your record stays with you just as it does now, and your credit and insurance record is for your individual company. The upside is tremendous... and the worst that could happen is that in a year with poor results no dividend is declared.

What are the benefits?

• Dividends
• Safety Program Assistance
• Learn from fellow members
• Periodic checkups by your insurance and safety professionals
• Large claims are capped at year end - no other program does that. Losses are softened by the group buying aspect.
• Claims are valued only once after year end. Less worry that large claims will ruin your ability to bid work in the future
• Shared resources of the small safety group. Safety management services at a discount

How much can I get back?

Each year’s performance is measured on its own and can vary. Average returns range between 15% and 25%.

What would you do with 25% of your workers’ compensation dollars back on your bottom line.... instead of in the hands of your insurance company?

What do I have to do?

• Commit to running your company safely
• Call SESAC, Pinnacol Assurance or Forsberg-Engerman to get started
• Join SESAC if you are not already a member
• Continue active participation in the Steel Erectors Safety group and monitor your company’s safety performance throughout the year

Services Available For Help

SESAC Administrators as well as Pinnacol Assurance and Forsberg-Engerman will help with the following services (and others) to help you achieve your goals of lowest premiums and maximum dividend return!

• Safety programs written and reviewed
  
• Safety inspections and audits
• General safety training
  
• Craft skill training
  
• Crane safety training
  
• Rigging safety training
  
• First aid and CPR training
  
• OSHA Certified 10 & 30 hour classes
  
• Planning and pre-job safety analysis
  
• Fall protection systems design
  
• Fall protection plans developed
  
• Safety equipment discounts
  
• Emergency services - accident investigations
  
• OSHA defense
  
• OSHA VPP programs
  
• Drug and alcohol interdiction programs
  
• Record keeping assistance
  
• Confined space training
  
• Respirator certification
  
• Video library for your use
  
• Claims management
  
• Expert witness services - OSHA and civil cases
  
• Monthly safety meetings with the owners and managers of the other member companies
  
• Assistance from your peers in the steel erection business