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WCTI offers a great alternative to the sophisticated manufacturing buyer. The structure of the WCTI is similar to a retrospective rating vehicle. What sets WCTI apart is the unique feature where claim fund dollars are returned to the insured as well as the the opportunity for returns on investment income. Loss Control is the cornerstone to the success of WCTI and our services are tailored to meet your clients needs.

WCTI MEMBER STATISTICS...

Currently WCTI membership is made up of 56 NCCI codes representing a variety of manufacturing sectors.

Member Stats - as of 2008
Membership Summary

SUBMISSION REQUIREMENTS

  • Completed Acord Application
  • Current loss runs for 5 years
  • Current + Prior year experience mod worksheets
  • Narrative describing operations/locations etc
  • Description of how raw products are received and finished products are delivered

ELIGIBILITY

Premium Requirement:

  • Program Minimum: $30,000 standard premium
Eligible risks must meet the following criteria:

  • The following three year trended expected loss ratio is required:
    $30,000 to $50,000 in standard premium < 40%
    $51,000 to $100,000 in standard premium < 45%
    over $100,000 in standard premium < 50%
  • Minimal occupational disease exposure
  • Limited chemical exposure
  • No hazardous material handling
  • Illinois Employees only
  • Manufacturing and related industries
  • Group health insurance coverage required

PROPOSAL

Upon underwriting qualification, a proposal will be generated. Upon acceptance of the proposal by the prospect the following need to be completed 2 weeks prior to renewal:

  • Statement of Intent to Join is signed (attachment)
  • $500 deposit check is paid
  • New Member Probation signed (attachment)
  • Statement of Financial Solvency from bank (attachment)
Statement of Intent
New Member Probation Sheet
Sample Financial Letter


At that time an extensive loss control survey is then conducted followed by a Trustee conference call for a final decision on admittance.

MEMBER REQUIREMENTS

New Members are required to establish the following and a New Member Evaluation Committee will monitor these areas in the first year of membership:

New Member Requirements

COMMISSION

Commission is based upon Standard Premium and is determined by client's Trended Expected Loss Ratio


  • 6% of Standard Premium if Loss Ratio is 20% or less
  • 5% of Standard Premium if Loss Ratio is 21% - 30%
  • 4% of Standard Premium if Loss Ratio is more than 30%

BROKER MARKETING INFORMATION

WCTI - POWERPOINT 2008
To discuss please contact Angie Blakeney at 800.252.5059, ext. 1117.