Basic eligibility requirements
- Prior experience - BIIA 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 BIIA Inc. loss control standards
- Must maintain a safe working environment and demonstrate an aggressive attitude toward safety
- Minimum premium - $990.00
- Territory - Virginia domiciled companies – (No West Virginia exposure)
Prohibited/Restricted Operations
- USL&H
- FELA
- Roofing (5551)
- Tree Pruning (0106)
- Long Haul Truck Driver
(List includes most requested codes and is not all inclusive)
What we need to bind coverage
- Completed and signed Workers Compensation Application, Acord 130
- Completed and signed Commercial Application, Acord 125
- Rejection of coverage cards for any corporate officers desiring to be excluded from coverage
- Premium deposit checks made payable to BIIA Inc.
All submission should be forwarded to:
BIIA Inc.
2117 Smith Ave.
Chesapeake, VA 23320
(p) 757-420-3022
(f) 757-420-8130
Email:
mdunbar@tbaonline.org
bmcintire@tbaonline.org
mhurlbert@tbaonline.org
Join Our Team – Agents must be appointed prior to or when submitting applications for quotes.
Service Representative Agreement
| Agents Commissions | |
| Worker’s Compensation | |
| Total Agency Premium Volume | Commission Rate |
| Up to $249,999 | 7.0% |
| $250,000 to $999,999 | 8.0% |
| $1,000,000 to $1,499,999 | 9.0% |
| $1,500,000 | 10.0% |
Monthly Commission Checks are distributed by BIIA Inc. based on collected premium Note: No agent has binding authority. BIIA Inc. must approve all submissions prior to binding coverage.
Payment Plans
- Annual - 100% at inception
- Semi-Annual - 50% down and one installment
- Monthly - 25% down and 8 monthly installments
- Self Reporting - 10% deposit
No installment fees or interest charges.
Other Fees:
Reinstatement Fee - $50.00 (will be charged if any policy is reinstated after the cancellation date.)
Late Fee - $15.00
Waiver of Subrogation - $100.00
Audit Non-Compliance - $500.00
Audit Re-Visit - $100.00
Claims – Reporting & Follow-up
- Avizent (formally known as Frank Gates Service Company)
- Address: 8100 Three Chopt Road, Suite 212, Richmond, VA 23329
- 1-800 claims reporting: 877-412-2111
- Claims follow-up contact: 877-366-7998, extension 21225; Danielle Spradlin
Excess Insurance
BIIA Inc. provides its insureds the added security of excess coverage. Call BIIA for details. Excess Insurance Carrier: GMAC and New York Marine
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
