Member Benefits
We only exist to serve our members — that is not a marketing spin, it is the structural reality of how we operate. Self-insured groups only benefit the members. The Group’s purpose is to control workers’ compensation costs and promote safe work environments. Every fee is transparent, every dollar accounted for.
Benefits of Joining a Group Self-Insurance Association
Being a member of a Group Self-Insurance Association offers many unique benefits. The primary reason members join is the ability to save considerable amounts of money. With reduced expenses, occupational safety programs, and locally managed and administered claims handling, savings can be substantial.
Self-insured groups are successful for these reasons:
- Only employers with excellent loss records are selected for membership
- Administration costs are kept to a minimum
- Investment income accrues and is returned to the member employers
- Claims are investigated diligently before payments are made
- Required Occupational Safety and Health programs prevent many accidents
$89M+ in dividends declared since inception
About Commonwealth Contractors
- A.M. Best Rated A−
- 6th largest writer of workers’ compensation in Virginia for all industries
- View our outstanding $89+ million dividend history
- Highly regulated by the Bureau of Insurance through routine examinations and annual reporting
- 24-hour / 7-day-a-week injury triage hotline
- Annual discount for approved Drug-Free Workplace Program
- Unparalleled loyalty and satisfaction — 96%+ retention rate
- Stability — owned and operated by Virginia contractors since 1981
- Excess insurance with an A++ rated carrier — Safety National Casualty Company
- Top-notch loss control consultants
- Multiple protective funds
- Highly informative publications and seminars
Stability — Owned and Operated by Virginia Contractors Since 1981
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Interested in learning more about partnering with Commonwealth Contractors or becoming an agent for one of our programs? Contact our local team today!
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