Individual Retro
Take Control of Your Retro Refunds
If you’re a large premium payer in Washington state who has done the hard work to keep your employees safe and working, have a strong handle on claims costs and have a tolerance for risk, you may be interested in the greater control and reward of an individual Retro program serviced by Vigilant’s wholly owned subsidiary, VSI.
Companies with high annual premium sometimes explore this option because the potential for larger refunds outweighs the added risk.
Before doing so it is important you have:
- Confidence in your ability to outperform L&I’s expectations and reduce premium over time.
- Willingness to take more risk in exchange for keeping 100% of the refund reward.
Are We Eligible?
Authorize a review of your claims. We’ll let you know how we can help!
Workers’ Comp Insights in Your Inbox
Stay current on claim trends, compliance tips, and key updates—all from Vigilant’s experts.
The Upside
In an individual Retro, your performance stands alone and so does your refund. You earn 100% of what you generate, without sharing with a group.
The Downside
Individual Retro comes with higher stakes. If claim costs exceed expectations, you’re on the hook, with no group buffer. L&I has shifted the landscape, making it even harder for smaller individual programs (especially under $1M in premium) to qualify for refunds.
A Big Decision
Choosing the right workers’ compensation strategy is an important decision full of complexity. Having the right partner is key to making it with confidence.
With Vigilant and VSI, you’ll receive a complete evaluation of your overall workers’ compensation performance along with all your options, and a recommendation based on what’s best for your business.
What You’ll Gain With Us as Your Partner:
Strategic Plan Guidance
You’ll be guided through the Individual Retro decision process and, if you decide it is the right option for you, we’ll work with you to develop a program plan based on your risk tolerance and refund potential.
Meticulous Claims Handling
You’ll receive hands-on support from your dedicated VSI claims manager, including a thorough evaluation of all claims management tools such as return-to-work options and other high-impact claim tools. Check out this detailed summary for more on what to expect from your claims manager.
Robust Safety Counsel
With your dedicated safety professional, you’ll benefit from focused loss prevention support and knowledgeable guidance to help you build a strong culture of safety.
Proprietary Analytics and Real-Time Reporting
With proprietary analytics you can:
Gain a clear view of what drives your workers’ comp costs
Design the best Individual Retro program for your business and risk tolerance
Forecast your premium and your refund, and take timely action
See what’s in your control and how to influence it
Evaluate options like Kept on Salary, based on data-driven ROI
Here’s a quick snapshot of how Vigilant Group participation compares to individual Retro:
| Any premium amount may be eligible | At least $400,000 in annual premium |
| Reduce risk by pooling premiums with others | Don’t pool your premium with others |
| Refunds are distributed to each company based on merit | Refunds are 100% yours |
| Low risk participation in a healthy, high-performing group with appropriate reserves | Higher degree of risk |
| Requires an eligible manufacturing or agribusiness risk class code | Available for any Washington state Vigilant member |
| Program plan applies to the entire group and is reviewed annually | Ability to create the program plan most appropriate for your situation with an opportunity to review annually |
Ready to See if Individual Retro is Right For You?
With a deep dive claims review and clear understanding of your goals, we’ll help you determine whether this path is the best fit for lowering your workers’ comp costs.
Want to Explore it with Us?
Reach out directly or fill out an authorization form—we'll walk you through the next steps.