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AGC/SAIF members receive more than $6 million retro return

The return acknowledges members’ safety efforts in a high-risk industry.

The Associated General Contractors Oregon-Columbia Chapter (AGC) and SAIF announced today a $6,184,522 retrospective return for the 607 companies who participated in the AGC/SAIF group workers’ compensation program during 2021–2022. This represents a 17.8% return of paid premiums during the policy year.

These dollars highlight each company’s commitment to safety, reducing injuries, and getting people back to work.

This retrospective rating return is in addition to other savings in the AGC/SAIF plan. The total cost savings, including the retrospective rating return, discounts, and individual account electives equal, on average, 40.9% of premium.

While we celebrate this return, and another successful year for AGC members in the workers’ comp retro return program, we want to acknowledge the continued commitment to preventing serious injuries. The ongoing success of this program relies on the strong partnerships between participating members, their employees, AGC and SAIF staff, and independent insurance agents. Our collective goal is to have all workers go home each night, free of injury or illness.

About AGC

For nearly 100 years, the AGC Oregon-Columbia Chapter has been the premier professional association for contractors in Oregon and SW Washington, representing the best of the best in commercial construction. Together we’re setting the bar for quality and safety. We’re committed to enhancing the performance of our members, representing their interests, and building a better climate for construction.

About SAIF

SAIF is Oregon’s not-for-profit workers’ compensation insurance company. Since 1914, we’ve been taking care of injured workers, helping people get back to work, and striving to make Oregon the safest and healthiest place to work. For more information, visit the About SAIF page on saif.com.