Agents Guide

Basic eligibility requirements

• Insured must be engaged in the residential building industry (i.e. builder, remodeler, subcontractor or supplier)
• Prior experience - BIA Inc. requires 3 years trade and management experience
• Three-year loss ratio (incurred claims cost over annual written premium) less than 65 percent
• Must comply with BIA Inc. loss control standards
• Must maintain a safe working environment and demonstrate an aggressive attitude toward safety
• Minimum premium - assigned risk class minimum premiums apply
• Policy term - plan year Oct. 1 through Sept. 30
• Territory - Virginia only
• Membership
  • Insured/members must be a member of the Home Builders Association of Virginia through a local Home Builders Association

Targeted Risk

• Residential Builders
• Remodelers
• Subcontractors
• Suppliers

Prohibited/Restricted Operations

• USL&H
• FELA
• Roofing (5551)
• Tree Pruning (0106)

Submission Requirements

• Fully completed Workers Compensation Accord Application which includes:
  • Description of operations
  • Experience of management
  • Federal ID#
  • Street address as well as mailing address
  • Balance Sheet (All members must be able to exhibit a positive net worth.) See sample balance sheet.
• Fully completed BIA member application (Disclaimer: If the application does not print exactly as it appears on the screen, please call BIA for an application. If you submit the wrong application it may affect your effective date.) To read and print this file pdf file you must have the most recent version of Adobe Acrobat Reader software installed on your computer. You can download it free from Adobe home page.

Note: The BIA Membership Application (Indemnity Agreement) cannot be a faxed copy with original signatures. As mandated by the State of Virginia, coverage must be denied if this application appears to be faxed at any time.

Download a BIA Application

• In addition to the application, BIA Inc. requires
  • Three year loss runs valued within 60 days
  • Three year Prior Carrier & Premium Data

What we need to bind coverage

• Completed and signed Workers Compensation Accord Application
• Completed and signed BIA Member Application
• Rejection of coverage cards for any corporate officers desiring to be excluded from coverage
• Balance sheet showing a positive net worth
• Premium deposit checks made payable to BIA Inc.
• Local Home Builders Association Associate Application and check made payable to the HBA. Locate your local HBA for an application and annual dues information

All submission should be forwarded to:
BIA Inc.
2117 Smith Ave.
Chesapeake, VA 23320
757-420-3022
757-420-8021 Fax
Email: mdunbar@tbaonline.org; bmcintire@tbaonline.org; pkyle@tbaonline.org

Join Our Team

Monthly Service Fee Checks are distributed by BIA Inc. based on collected premium. Any service fees payable to agent will be accrued until it reaches a monthly minimum of $25.00.

Note: No agent has binding authority. BIA Inc. must approve all submissions prior to binding coverage.

Service Representatives Agreement

Payment Plans

• Annual - 100% at inception
• Semi-Annual - 50% down and one installment
• Monthly - 25% down and 8 monthly installments
• Self Reporting - 25% down and 11 installments

All payment plans are free of fees or interest charges. A reinstatement fee of $50.00 will be charged if any policy is reinstated after the cancellation date.

Claims - Third Party Administrator

• Frank Gates
• Address: 8100 Three Chopt Road, Suite 212, Richmond, VA 23329
• 1-800 reporting: 1-877-412-2111
• Claims follow-up contact: 877-366-7998

Excess Insurance

BIA Inc. provides its members the added security of excess coverage. Call BIA for details. Excess Insurance Carrier: Clarendon National Insurance Co. - Best rated "A-".

Loss Control Requirements

It is a mandatory requirement that all members are subject to a Loss Control visit by our Loss Control Consultant Jackie Adkins

Required Documents

• BIA Inc. Membership Application (Indemnity Agreement)
• Sample Balance Sheet
• WC Accord Application signed by insured

Name and/or ownership change requirements

• Member Name Change Checklist (Requirements)