Signatory Contractor Workers Compensation Group Captive Program

Overview — Roundstone Signatory Contractor Workers Compensation Group Captive Program

Roundstone offers a group captive Workers’ Compensation program designed specifically for signatory contractors who employ union labor. This admitted, group-captive solution helps contractors stabilize premium volatility in cyclical markets, reduce overall effective cost, and regain control over services and frictional expenses. The program is structured so participating contractors share risk with peer, highly trained union trades and may receive returns of underwriting profits and investment income when results are favorable.

Ideal Accounts and Appetite

• Signatory construction contractors with union labor agreements (skilled trades such as carpenters, electricians, plumbers, ironworkers, pipefitters).
• Contractors with disciplined safety programs, documented training, and consistent payroll reporting.
• Mid-sized and larger accounts that can participate in a group captive structure and benefit from pooled risk and loss-control services.

Not a fit: non-signatory contractors, employers without union payroll or formal signatory agreements, businesses with persistent poor loss experience, or classes of business outside traditional construction trades.

Coverage Highlights and Advantages

• Admitted Workers’ Compensation coverage issued through an admitted carrier — available in all states and DC where the program operates.
• Group captive structure returns underwriting profits and investment income to participating members when the group performs well.
• Reduced frictional costs and improved loss-control oversight through shared services and contractor-led governance.
• Focus on long-term premium stability in cyclical markets — helpful for contractors who are currently paying higher WC premiums due to higher wages despite strong loss experience.

Underwriting Notes and Placement

Underwriting emphasizes signatory status, union payroll verification, historical loss data, safety programs, and the contractor’s commitment to the captive model. The program targets accounts with demonstrable controlled losses and strong return-to-work and safety protocols. Minimum premium and specific participation terms vary by account — submit details to Roundstone underwriting for state-specific eligibility and minimums.

Territories and Availability

This program is available through Roundstone in all states and DC (see program availability for specific state filings). Coverage is placed on an admitted basis through the program’s carriers where filings are in place.

Why Work With Roundstone on This Business

• Specialized product designed for signatory contractors and union trades — not a generic WC market.
• Access to a captive solution that prioritizes returning underwriting results to the members who create good loss experience.
• Underwriters experienced in construction-class exposures and group captive mechanics — practical guidance on loss control and program governance.
• Practical for agents who want to place larger, stable accounts into a program that aligns incentives between carrier and insured.

Example Scenarios

• You have a signatory electrical contractor with steady union payroll, a history of low frequency claims, and rising premiums due to wage-driven payroll levels — this program could stabilize their cost and provide potential profit returns.
• You represent a multi-trade union contractor group that wants to control loss-control services and reduce third-party frictional costs — the captive model can centralize those functions and align incentives.

Frequently Asked Questions

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