NATA's Workers Compensation Insurance Program Promotes Safety And Demonstrates Value To Members
/The National Air Transportation Association (NATA) announces that the NATA Workers' Compensation Program, underwritten by USAIG and managed by United States Aviation Underwriters, is still going strong in its 35th year, returning more than $75 million in good experience returns to participants, $45 million since 2003.
Since its inception, the plan has annually distributed a good experience return to participating members. Historically, plan participants have received returns equal to or often exceeding their annual NATA membership dues. The number of participants has continued to grow - from 76 original members in 1975 to more than 800 in 2010.
The NATA Workers' Compensation Program was created for the association in April 1975 with three specific goals in mind:
- Provide NATA members with a dependable long-term market for workers compensation insurance;
- Structure the plan in such a way that if the overall loss experience of the participating members is favorable, participants would share in the return of a portion of the premium at the end of the policy year (good experience return); and
- Provide world class claims and safety management services.
Today, after 35 years of continuous partnership with USAIG and their service provider, Liberty Mutual, the plan has attained or exceeded every goal established by its founders.
"NATA has created opportunities to help bolster safety with the development of training programs such as Professional Line Service Training Online. In fact, we are in the process of launching two new modules for winter weather ops and customer service, safety and security as well as developing a series of safety webinars targeting preventative training to address the highest reported employee injuries," said NATA President James K. Coyne. "Safety training programs such as these help perpetuate good experience returns, thereby creating more value to NATA member participants."
The NATA Workers' Compensation Program is not only the single most effective plan of its kind available today, it also has proven to be one of NATA's most valuable benefits to members.
For information on the program, you or your broker may contact USAIG at 1-212-859-3988 or at www.usau.com.