Worker’s Compensation Renewal

We are proud and fortunate to report yet another positive fiscal year for the SCADA Workers Compensation Fund.  While the charts and graphs and healthy dividends are clear evidence of our success, it is not what defines our Fund.  Honesty and integrity– above all else, is what sets the Fund apart form any other carrier out there.

Dealers often talk about the immeasurable value of relationships formed with their customers, and it is no different with SCADA’s Fund members.  Be sure when you do business with an insurance company, they regard you as much as SCADA does.  I would challenge you to find another company that considers you as highly as or has your Dealership’s best interest at heart as SCADA does.  In short, SCADA has your back.

Now to the numbers! Claim severity and frequency are down significantly, which means our claims management cost is also down tremendously.  All signs are pointing towards another robust dividend year for Dealers!

SCADA has been providing stabilized, low-cost premium pricing for Dealers for 50 years through the Workers Compensation Fund, and our pricing continues to be among the most competitive in the marketplace. It is evident from our history outlined below that over the past decade, SCADA continuously provides strong dividends decade after decade.

It is important that Dealers are mindful of this dividend when reviewing the overall pricing. You will have the best understanding of savings after applying the projected 40% dividend. These dividends are paid out 90 days following the end of the policy year to which they apply. This is a practice you will not find anywhere else. Again this year, SCADA will return every dollar possible to fund participants at the end of this year as it has always done in its 51 year history.

Please understand the purpose of a self-insured fund is to stabilize pricing and share risk with a homogeneous group, the Franchised Automobile Dealers of South Carolina. SCADA, together with Companion TPA, works diligently to ensure the very best managements of your fund, and we hope you’ll continue to reap the benefits from this fund for many years to come.  Reputable, honest and integrity based– SCADA has your back!

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