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L&I Retrospective Rating Programs

Retrospective Rating (often shortened to “Retro”) is a worker-safety incentive program offered by the Washington State Department of Labor & Industries (L&I). The GVC facilitates this program in Southwest Washington. Program participants promise to abide by safe workplace policies and practices for injured workers, such as Stay at Work (SAW) and Kept on Salary (KOS). In exchange, businesses can earn a partial refund on workers’ compensation premiums.

Asian woman crouching with a clipboard next to a white man with a beard wearing a safety vest and holding a small rolled up rug. The woman is pointing to rugs stacked in industrial shelving in a warehouse and the man is looking where she is pointing.

Why Join the GVC Retrospective Rating Program

Any time one of your employees is injured, it costs your company. The loss can be in production, hiring and training a replacement, rescheduling work, or the loss of a project or job. Plus, the injury can cause your workers’ compensation premium rates to go up.

In Retro, you have an opportunity to turn your good safety performance into a refund from L&I by preventing injuries and engaging in proactive claims management.

Unfortunately, accidents happen. For members of the Retro Program at GVC, every worker’s comp claim is managed by our third party administrator. They have one of the best claims closing ratios in the state for a third-party administrator and works with each participating company before accidents happen to assure they have the safest workplace possible.

How Retrospective Rating Work

Retrospective rating is simply another way of calculating your Workers' Compensation insurance premium, after the fact or “retroactively.”

A Retro coverage period lasts 12 months and can begin any calendar quarter. About 9 months after a coverage period ends, L&I looks back at your (or your group’s) actual experience and calculates a retrospective premium ("retro premium") for that 12-month coverage year. If your retro premium for the coverage year is below what is expected, you can potentially earn a partial refund of the difference between the retro premium and the standard premium. This evaluation occurs three times for the coverage year, about 12 months apart.

Being in Retrospective Rating requires a commitment to improve safety and prevent injuries in the workplace. If your calculated retro premium is higher than the amount of standard premium you paid, it could result in you having to pay an additional amount ("assessment"). There is a pre-selected limit to this assessment, but it’s important that you recognize and understand this risk.

HOW IT WORKS

Commit to worker safety programs

Pay your premium as usual

Our reviewer looks for refund opportunities

Get a partial refund - up to 30%!

Manufacturing

Our thriving Retrospective Rating Program for the manufacturing sector has returned over $2.4 million in insurance premiums to GVC members in just three years! This adds up to savings on average of nearly 30% on worker’s compensation premium costs for Southwest Washington manufacturers.

Retail and Professional Services

We are looking to re-activate our Retail and Professional Services Retrospective Rating program! If you own a business or are an executive in the retail  or professional services industries, please share your interest with us to be the first to know when this lucrative program kicks off.