| STATE COMPENSATION INSURANCE FUND
AND THE
GOLDEN STATE BUILDERS EXCHANGES
Through its officers, directors and professional staff, VCCA interfaces with various local and state entities whose activity involves the construction industry. At the State level The Golden State Builders Exchange (GSBE) is made up of the 30 contractor groups (including VCCA) representing 58 California counties. GSBE serves as the lobbying arm of these exchanges and retains legal counsel to watchdog legislation impacting our industry. GSBE also endorses State Compensation Insurance Fund as the preferred carrier for workers compensation insurance coverage. By maintaining a solid relationship with State Fund, all exchanges are assured their contractor members are provided the most cost effective and reliable workers compensation insurance.
Qualified contractor members can receive up to a 6% discount in their annual premiums costs together with a variety of complimentary safety training seminars sponsored by State Fund and VCCA. All our members are encouraged to be enrolled in our group: VCCA Group 586 or GSBE Group 713/Chapter 256.
First, to qualify for our Group 586, you must be a VCCA member. Your three year loss ratio cannot exceed 50%, and your ex-mod rate cannot exceed 110%. If you are not now a member of VCCA and yet have State Fund as your carrier, please go the Join Us module on this website and apply for membership now. Once your application has been received and approved by the VCCA Board, you then fill out a Policy Conversion Request. If it is determined you qualify for Group 586 status, State Fund will process your firm into our group. Conversion takes place on the renewal date of your policy. Your six percent (6%) premium discount will take effect on your annual renewal date.
If you are already a VCCA member, and are not yet enrolled in our Group 586, you must fill out a policy conversion request, but only if you feel you can qualify under group standards. Click here for a Policy Conversion Request. Fill it out a return it to the VCCA office. Also your broker of record must sign this form too before it can be accepted and processed.
One of the distinct advantage of group status is that you may be able to receive dividends and bonuses when declared by State Fund. This group status shows that you are exercising good safety practices in your construction industry work. State Fund is a valuable resource for safety training and programs provided to its clients and we encourage our members to establish a good safety programs.
Go to the Sate Fund website link on our web page to look at all that State Fund has to offer. Please contact the VCCA office should you have any further questions or comments.
|
