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 60 percent Loss ratio > 60% or experience modification > 1.25 (requires reinsurer approval) Risks with lapse in coverage (requires reinsurer approval) 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)

What we need to bind coverage

Completed and signed Workers Compensation Application, Acord 130 (NCCI Class Codes apply) Completed and signed Commercial Application, Acord 125 Rejection of coverage cards for any corporate officers and LLC Members desiring to be excluded from coverage Loss runs for prior three years - valued within 60 days Copy of Experience Mod worksheet or snapshot 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: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

Join Our Team – Agents and Agencies must be appointed within 30 days of binding coverage.

Service Representative Agreement

Payment Plans

Annual - 100% at inception Semi-Annual - 50% down and one installment Quarterly - 25% down with three installments Monthly - 25% down and eight monthly installments Self Reporting - 10% deposit Minimum premium policies - 100% premium required No installment fees or interest charges. (Late Charges and Reinstatement fees apply)

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 per waiver per policy term 
Audit Non-Compliance - $500.00
Audit Re-Visit - $100.00

Claims – Reporting & Follow-up

Claim reporting available online, biiaonline.com or 1-877-412-2111, 24 hrs/7 days a week Toll-Free 888-730-1572, 9 a.m. - 5 p.m., Monday through Friday Claims follow-up contact: Bette Nelson, P O Box 2667, Mechanicsville, VA 23116-2667 Direct Phone: 804-730-1572, Fax 804-730-1573, Toll Free: 888-730-1572, e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

Premium Audits

All policies will be physically audited at the expiration of each policy term.

Loss Control Requirements

BIIA's in-house loss control specialist provides on-site inspections to assist every new member in establishing safety & loss control programs.  Accounts with losses and larger accounts will be provided customized loss control services.  The cornerstone of the program will be Loss prevention.  Insureds will participate in loss control and loss mitigation programs designed by BIIA.  Safety is our number one goal.  Our loss control specialist will be available to assist our insureds with OSHA compliance issues.  Loss Control visits are mandatory.  Failure to comply will resullt in cancellation of the insured's policy.