Self Insured Lumber Businesses Association, Inc. (SILBA)

SILBA is sponsored by the Massachusetts Retail Lumber Dealers Association, the state affiliate of the Northeastern Retail Lumber Association (NRLA)

MEMBERS ONLY SECTION

Contacts:

Group President:

Eric B. Johansen
Brockway-Smith Company
146 Dascomb Road
Andover, MA 01810

Phone: 800-292-6752
Fax: 978-474-4969

Association Contact:

Rita Ferris
Massachusetts Retail Lumber Dealers Association
585 North Greenbush Road
Rensselaer, New York 12144

Phone: 800-292-6752

Meadowbrook/TPA Associates Contacts:

Meadowbrook/TPA Associates
10 New England Business Center
Suite 303
Andover, MA 01810

SILBA Service Team and Key Contacts:

 Phone: (978) 691-2470
Toll Free: (888) 444-4872
Fax: (978) 691-2477 

Program Management
Carol DiPietro – VP x115

Claims Administration
John Kosar – Claim Manager x156
Laura Cogliano – Sr. Claim Adjuster x131

Underwriting
Bill Griebel – Underwriting Specialist x136

Billing/Certificates of Insurance
Marisa Saviano– Underwriting Assistant x162

Finance/Accounting

Nina DiTrapani – Director of Accounting x155

Marketing
Rick O'Brien – VP x151

William Brault – AVP x142

Kevin Whooley – Marketing Rep x147

Loss Control
Terry Buckhout – AVP x143
Margery Young – Sr. Consultant x119

Executive Management
Carol DiPietro– Executive Vice President x115

SILBA Underwriting Guidelines:


Prospect Information Requirements

  • Completed and signed ACORD Application.
  • Copy of most recent experience modification worksheet issued by the Workers Compensation Rating and Inspection Bureau of Massachusetts. A copy of the prior two experience modification worksheets also required if readily available.
  • Recently valued loss runs for the current and 4 prior policy terms.
  • Copy of the most recent payroll audit.
  • Copy of the current workers compensation policy declarations and rating pages.
  • Complete copy of the most recent CPA prepared financial statement including all notes. If reviewed, then the most recent Federal Income Tax Return is also required.


Other Requirements Prior To Binding Coverage

  • Receipt of Deposit Premium, including 2.5% broker commission if applicable.
  • Completed and signed Application and Indemnity Agreement
  • Completed and signed SIG Form 3
  • Confirmation of membership in Northeastern Retail Lumber Association

Prospect Eligibility Criteria

  • Minimum premium – $5,000 Annual Manual Premium
  • If previously a member of SILBA, new coverage may be effective no earlier than one year from the effective date of the previous withdrawal.
  • Prospect must be engaged in the lumber/building materials business and must be a member in good standing in Northeastern Retail Lumber Association. Prospects whose principal operations involve either contracting or wood treatment are ineligible for membership in SILBA.
  • A satisfactory physical prospect loss control survey is required. Employer commitment to employee safety and WC claim cost containment must be apparent.
  • Ratio of Net Worth to Premium of at least 4 to 1 based upon information presented in the most current CPA prepared financial statements. Overall financial condition must be acceptable in relation to industry ratios.
  • Experience modification generally must be 1.05 or less. Exceptions will be considered based upon an analysis of the factor(s) causing the higher modification and the degree to which those factors still exist.