Awards Criteria

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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