Aviation Business Journal 4th Quarter 2012 - 17

New Workers’ Compensation Insurance ProgramTM
Continued from page 15
In addition to preferential pricing,
McManus says the Safety 1st
pro-
gram will be fully integrated into the
new NATA Worker’s Compensation
ProgramTM
to help NATA members
with loss control, and says the new
program will offer up-front rewards
for NATA members with proven
safety experience.
NATA members, who move to the
new program, will also benefit from
participating in an individual dividend
plan, according to McManus.
“The individual plan is going to
be a great benefit to the vast majority
of NATA members because these
are companies whose workplaces are
extraordinarily safe, especially those
who elect to participate in the NATA
Safety 1st program,” Cunningham
said. “The vast majority of NATA
members will come out ahead in an
individual dividend program over a
group dividend program;
and a second major
benefit to this new
program is that dividends
will pay out
within 10 months
after the policy
expiration. This is
in stark contrast to
many group dividend
plans that take up to five years to
pay their full dividend. Now there’s
going to be a much faster payout
providing a cash flow benefit to the
policyholder.”
Unparalleled customer service with
a personal touch will be another factor
that sets the new NATA program
apart, according to McManus. We’ll
have a direct dial phone number for
NATA program claims and a designated
team at Companion Property &
Casualty Group will be handling claims
from NATA members in the program.
“Both Beacon, the program
manager and Companion Insurance
Company are organizations which
have a solid pedigree behind them,
having been in this business for a
very long time with excellent track
records,” McManus said. “But they’re
not so big, like you see with some of
the big multinational corporations, to
where customer service can become
an afterthought. The service commitment
being made by both Beacon and
Companion to the new NATA program
is stellar, and I think it’s something
we’ll all be proud of once the
program gets underway in January.”
It’s important to note that NATA
members’ current policies will not
automatically default to the new
Compensation Insurance ProgramTM
For more information on the new NATA Workers’
offered by Beacon AIS,
including answers to a list of Frequently Asked Questions,
please visit www.BeaconAIS.com.or you can send an e-mail
to nata@beaconais.com.
program. NATA encourages its
member companies to contact their
insurance agent prior to their own
Workers’ Compensation renewal and
ask their agent to call Beacon’s dedicated
NATA line at (941) 343-8943 or
email nata@beaconais.com to learn
more about the benefits.
“I’m assuming that many readers
of this article are already members
of the current NATA program — and
there might also be a number of
members who are not, for a variety of
reasons — but, in all cases, these employers
have a workers’ compensation
policy right now, with policies that
typically run for one year at a time,”
McManus says. “As they get towards
the expiration of their policy, their
agents begin the process of preparing
for the next policy, and usually
that process begins about 90 days in
advance of the expiration of a given
policy. At that point there should be a
conversation between the agent and
the policyholder as to what comes
next. That’s the point where we’d
like to be given the opportunity to
offer a quote through the new NATA
program. Beacon already has contracts
with probably 90 to 95 percent
of agents that currently work with
NATA members, so it should be easy
and seamless for those agents to have
their insurance submitted to Beacon
and Companion for pricing consideration.
But it is a switch and NATA
members will need to take action to
make the most of the new opportunity.
We don’t want anybody falling
through the cracks and losing out.”
Aviation Business Journal | 4th
Quarter 2012
17
Aviation Business Journal 4th Quarter 2012

Table of Contents for the Digital Edition of Aviation Business Journal 4th Quarter 2012
