New SAIF rate tier approved by DCBS

Effective May 1, 2019, we will add a new tier (1.95) that is between our previously highest tier (1.74) and the assigned risk pool (ARP) tier (2.112). This tier will provide businesses with an opportunity to come out of the ARP, or stay out of the pool, if they meet the appropriate underwriting criteria.

What you need to know:

• The new tier will be effective on May 1, 2019; we are able to start processing submissions now.
• To mitigate credit risk, SAIF will take quicker action for delinquent payments and payroll reports than for all other tiers.
• Policies written in this new tier are ineligible for group pricing.
• Only regional policies will be written into this new tier. This tier is not currently available to service center policies.

If you have questions or need assistance, please contact your underwriter, 800.285.8525.

Updated 2019 rate memo and rates by class code are now available on saif.com.