Members of the highly successful ABC self-insured workers' compensation program will be receiving the largest returns of profit. Again, this year the Fund was approved to distribute $2,480,000 of profit back to its members, making this the largest return in ABC Fund history. This return brings the total profits returned to over $17.2 million since the Fund's inception in 1995.

The ABC Fund, a member owned self-insured workers' compensation program, has several distinct advantages over most standard insurance carriers. The ABC Fund's excellent performance has insulated its members from the turbulence of the traditional insurance marketplace. From substantial profit returns to aggressive claims handling, the Fund is the most cost-effective workers' compensation option for its members year after year. Most importantly, fund members receive stable yet competitive upfront pricing. This competitive pricing, along with the ABC Fund's selective approach to underwriting new members, is designed to save members money on the total cost of workers' compensation over the long term.

Additionally, The ABC Fund takes the responsibility for the costs associated with workplace safety very seriously, and the Fund's board of trustees feels that the best way to insure a successful fund is to work with members regarding safety and loss prevention. ABC Fund Chairman, Ed Tanzini of The Tancor Corporation, states that "the fund will finish the current year with an exceptional claims record. We attribute the low claims to the members' demonstrated commitment to workplace safety and involvement once a claim occurs."

By focusing on accident prevention and proper claims management, fund members continue to keep their costs down as low as possible. The Fund offers its members numerous safety resources and loss control programs that are specific to the construction industry. Some of the Fund's educational training focuses on creating a safety culture in the workplace, by working with owners/supervisors on proper claims handling, accident investigation, return-to-work programs and making every employee accountable for safety on the job. The Fund works with loss control specialists who provide sound guidance and cost-saving solutions on safety and loss prevention for its members.

In addition to safety, workers' compensation claims are treated with great diligence in the way they are handled. The Fund is very loss sensitive and sees every claim dollar being spent as their money. The Fund controls these costs by fighting fraudulent claims and by requiring claim settlements to be authorized by a board of trustees, comprised of Fund members.

Keeping the total cost of workers' compensation down means more profit to go back to the fund members. With an average profit return of 35%, the ABC Fund proves to be a true benefit offered exclusively to members of ABC! For most members, the cost savings is the primary reason they insure with the ABC Fund. It has proven to dramatically reduce the overall costs of their workers' compensation insurance. Each member can further reduce their costs with the help of the fund's loss control resources available to assist in preventing claims and reducing the frequency and severity should claims occur. Over time, fund members receive credits of over 35 percent of premiums paid.

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