Home / NATA’s Workers’ Compensation Insurance Program Exceeds $80 Million Returned to Participating Members

NATA’s Workers’ Compensation Insurance Program Exceeds $80 Million Returned to Participating Members


FOR IMMEDIATE RELEASE                                        FOR MORE INFORMATION CONTACT
Eric R. Byer
Vice President, Government and Industry Affairs
800-808-6282
ebyer@nata.aero

 

NATA’S WORKERS COMPENSATION INSURANCE PROGRAM EXCEEDS
$80 MILLION RETURNED TO PARTICIPATING MEMBERS

Alexandria, VA, March 20, 2012 – The National Air Transportation Association (NATA) is pleased to announce that the NATA/USAIG Workers’ Compensation Program continues its strong presence within the marketplace by recently topping $80 million in good experience returns to its members. 

Since its inception, the program has annually distributed a good experience return to participating members. Historically, program participants have received returns equal to or often greater than their annual NATA membership dues. The number of participants has continued to grow – from 76 original members in 1975 to more than 800 in 2012.

The NATA/USAIG Workers’ Compensation Program was created with three specific goals in mind:

  • Provide NATA members with a dependable long-term market for Workers’ Compensation Insurance;
  • Structure the program 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
  • Make joining the program as easy as possible. 

Today, after 37 years of continuous operation, the program has attained or exceeded every goal established by its founders. The NATA program is not only the strongest Workers Compensation Insurance plan on the market after 37 years, it is also one of NATA’s most valuable member benefits.

Here is what some members have said about the program:

“Fostaire Helicopters has enjoyed the benefits of the NATA/USAIG Workers’ Compensation Program for decades. We have seen the market tighten up after years of elevated losses, and open up when insureds’ losses are at lower levels. We have found the rates always to be competitive, of course, USAIG is one of the premier global underwriters of aviation risks,” said Fostaire Helicopters President Clarke Thomas.

“At our three Indiana locations, Montgomery Aviation Inc is a proud partner with the NATA/USAIG Workers Compensation Program. As an independent FBO, we can be challenged to find the solid coverage we need at a price we can afford, and the added benefit is we know that the percentage contribution to NATA is being used for all of us who care and work for the benefit of general aviation across the United States,” said Montgomery Aviation Inc Owner and Vice President Andrea Montgomery. “It is a good program and we will continue to support the program for our future.”

“Airgo has consistently been a participant of the NATA/USAIG Workers’ Compensation Program since 1977,” said Airgo Inc President Leslie Erb. “We find that the program serves our needs and supplies us with a level of coverage we would not be able to obtain on our own. Airgo appreciates the efforts of NATA to create a program like this for its members. I have found the Workers’ Compensation Program to be one of NATA’s more valuable benefits.”

Contact your insurance broker and ask him or her to look into the NATA/USAIG Workers’ Compensation Program. Make sure to take advantage of all of the benefits that NATA membership has to offer. A full list of benefits can be viewed at www.nata.aero.

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NATA, the voice of aviation business, is the public policy group representing the interests of aviation businesses before the Congress and federal agencies.