Wood Products of Virginia Group Self Insurance Association provides Workers’ Compensation protection for businesses located in Virginia engaged in the wood products industry. Utilizing a unique, cost-effective approach to risk management, this program provides stability, superior loss control and an opportunity for dividends on surplus funds.
Over $16.7MM in approved dividends
Average 18% ROI to members
Wood Products of Virginia
Quick Facts
| Founded | 1982 |
| Members | 52 |
| Annual Premium Volume | $1.9 Million |
| Average Mod | 0.93 |
| Reinsurer | Safety National Casualty Corp. |
Eligibility Requirements
- Must be in the business of handling lumber
- Must generate $10,000 in premium
- Must have sound financial metrics and long-term stability
In The Words Of A Client
Wood Products of Virginia has been a valued partner for the safety and care of our employees for many years. Not only do we receive a quick and thorough response following any accidents, but we have the benefit of their Risk Management Consultant’s experience and expertise with accident prevention. Furthermore, the dividends we receive are a great way to help pay for the next year’s premium. The management team makes things run smoothly.
Tatum Ferguson
Ferguson Land and Lumber Co.
Who We’ve Worked With
Carpentry Shops
Furniture Manufactures
Building Materials Dealers
Furniture Assemblers
Business Classifications
The most common primary classes of business in the Association are listed below, but other classifications could be eligible:
| NCCI Code | Classification Name |
|---|---|
| 2710 | Sawmills |
| 2731 | Planing / Molding Mills |
| 2735 | Furniture Stock Manufacturing |
| 2759 | Pallet, Box or Box Shook Manufacturing |
| 2802 | Carpentry Shop |
| 2881 | Furniture Assembly |
| 2883 | Furniture Manufacturing |
| 2916 | Veneer Products Manufacturing |
| 2960 | Wood Preserving |
| 8058 | Building Material Dealers |
| 8232 | Lumberyard |
| 8602 | Timber Cruisers |
