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The Risk Control Committee has developed a “Risk Control Awards” program. The awards recognize those members who have demonstrated excellence and improvement in safety performance.
The data utilized includes:
- Risk Control Assessment Score
- Loss Ratios
- Safety and Claims Workshop and Board Meeting Attendance
- Lost
Workday
Severity
Rate
above
the
industry
average
- Frequency Rates of Claims
Program Format
Two major annual awards are presented: one for best overall score and one for most improved. The Chairperson of the Risk Control Committee will announce the awards at the
summer President’s
Dinner. A
Certificate of
Acknowledgment will be given to the voting member of each winner at that time.
In addition to the permanent awards, a traveling trophy will be presented. The year’s “Highest Risk Control” award winner will keep the trophy for one year. If a company wins the award three times, it keeps the trophy permanently and another trophy will be purchased. A
Certificate of
Excellence is also awarded to each company that meets all of the risk control criteria.
The data used to determine winners is from the previous calendar/policy year. The 2007 awards consider the most current risk assessment score, and the most recent claims data. Each company must be a member of the captive for the entire previous policy year to be eligible.
Highest Risk Control Award Criteria / Points Awarded
| Criteria for Highest Award |
Points Awarded |
| Risk Control Assessment Score |
Current Score |
| Loss Ratio Last Two Complete Policy Years |
Sliding Scale |
| Lowest Frequency Rate for Claims |
Sliding Scale |
| Lowest Increase in Frequency Rate |
Sliding Scale |
| Attendance at Last Two Risk Control Workshops |
50 Pts For Each |
| Attendance at Last Two Board of Directors Meetings |
50 Pts For Each |
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