ABC Self-Insured Workers Comp Group

The ABC NH Self-Insured Group Trust for Worker’s Compensation is the only self-insured group program for contractors in New Hampshire.
 

The ABC New Hampshire Workers’ Compensation Self-Insurance Group (SIG), was formed in 1994 by just a few ABC New Hampshire Members. Today, the Group is comprised of 26 member organizations Workers’ compensation is often the most expensive line item in a construction company’s insurance portfolio.  As a result, this specialty Group, which is regulated by the NH Department of Labor, was created to give members more control over their program costs.

Submit a Claim

Claims can be reported directly by the member by visiting: www.futurecompclaims.com or faxed to 610-362-8150 or emailed to: jody.vaillancourt@usi.com at FutureComp |3 Executive Park Drive, Suite 300, Bedford, NH 03110

Questions?

Contact Ryan Foye, Vice President, FutureComp Division
USI Insurance Services
Direct: 781-376-2622
Mobile: 603-315-4872

CURRENT MEMBERS

Thank you for your continued commitment to the ABCNH Workers Compensation Trust.  Please refer to ABCNHVT.org for periodic updates.  All members have been provided an ABC NH Workers’ Compensation Trust Claims Kit which includes a Service Team Directory.  Please reach if you need any assistance.

The ABC NH Workers’ Compensation Self Insurance Group has achieved lifetime dividends EARNED as a % of premium totaling 22.2% with PAID dividends totaling 18.4% of all premiums collected since program inception. 

The Group’s lifetime average dividend paid by year is $481,575.

PROSPECTIVE MEMBERS

The administrative and technical services that the SIG provides includes an aggressive claims management process, dedicated, hands-on loss control and safety resources, nurse and medical case management, unrestricted on-line access and back-end performance-based dividends.  

Regardless of economic or insurance market conditions, the SIG’s appetite and resources have remained consistent.   As a result, our members never have to shop their workers’ compensation coverage again.  Join your peers and our successful program.  Start reducing your workers’ compensation premiums today!  

Program Highlights: 

  • 26 members in the self-insurance group
  • Unmatched historical performance with strong and consistent premium savings as compared to the standard workers’ comp market
  • Since 1994, $71.5 million in Premium has been collected to pay claims.  Based on exceptional claim performance, approximately $15 million dollars has been refunded to members in the form of dividends
  • Historical average loss ratio of 40.66% for ALL MEMBERS.  Vastly outperforming the commercial market benchmark of 65%
  • The program provides aggressive claims management and unlimited, industry specific safety services managed by Contractors Risk Management
  • Membership in the SIG ensures consistency and stability from the volatile standard workers’ compensation market
  • The program is goal-driven and is overseen by a Board of Trustees dedicated to returning the Group’s profitability to membership in the form of annual dividends.
  • 99%-member retention rate since 1994
  • Annual premium collected approximately $3 million based upon aggregate payrolls of $94 million (current and based upon membership level)
  • SIG 1.7% litigation rate as compared to the industry average of 26%

Criteria to Apply/Join:

  • Premium size $25,000 - $600,000
  • Ex MOD 1.0 or below (exceptions may be given)
  • Employer must be Non-Union
  • Must be member in good standing with ABC NHVT Association
  • Governing work comp class code is an acceptable risk

Quote provided with submission of:

  1. 3 Years Loss Runs
  2. Copy of w/c policy and current NCCI MOD
  3. Class codes and payrolls for each class code provided

Membership criteria:

  • Signed Indemnity Agreement
  • Audited financials must pass Financial Security Standards Analysis
  • Strong safety commitment and mandatory attendance at in-person monthly safety meetings
  • Favorable pre-safety inspection results
  • Reinsurance carrier may be notified prior to SIG membership if class code or risk is outside the typical risks within the group, if MOD is over 1.0 or is there are claims over $100k
  • Group acceptance is contingent upon final approval from SIG Board of Directors