How Retro Works
Join a Group
Approach will assist you in applying for membership with the PITB or SMART Association who sponsor state-approved retro groups. Members of a retro group must report hours in similar risk classes (i.e., within the same industry). Approach will walk you through the process step-by-step.
Work Together
The group’s premium is pooled together to cover the cost of claim losses. Every employer in the group commits to robust safety practices and to closely managing their workers’ comp claims. Approach helps you do both, with our safety team and a dedicated retro coordinator.
Earn Refunds
Each year, the group’s premium is re-calculated retroactively (which is how retro gets it’s name). If the group performs well by effectively managing claims and safety practices, the group will be issued a refund of premium paid.
Partnering for success
-
1
Employers
Continue to pay your workers’ comp premiums just as you always have. There are no payroll changes or administrative headaches.
-
2
Association
The sponsoring association, PITB or SMART, operate the retro group, approves new participants, and collects membership and participation fees. They also get the best job of all: distributing the refund checks!
-
3
Approach
As a third-party administrator, Approach handles safety and claims on behalf of the association. We work directly with employers to manage their workers’ comp claims. We’re on your side, advocating for your company from claim initiation to closure.