ROOFING CONTRACTORS ASSOCIATION OF BRITISH COLUMBIA Inside this issue:
53 Years of Industry Service
EVP Report
1-5
REF Report
6-7
RRR Photos
8-9
Technical Update
10-11
EVP AGM Report
12-15
Calendar of Events
16
OP T N O
Winter 2010-2011 ~ 21st Edition
“Engineering Value” EXECUTIVE VICE PRESIDENT’S MESSAGE
The RCA Indemnity Corporation Executive Vice President Brian Hofler
A Membership Service worth retaining, an unnecessary Intrusion by RCABC into the Business of its Members, a Hedge against future “hard insurance markets” or simply, a Program that is no longer viable due to competition
from the insurance industry.
The following information is part of staff’s instruction as recorded in a motion made by the RCABC Board at the December 3, 2010 Board Meeting. The motion reads: “That RCABC staff make contact with all non-RCAIC insured’s to provide information regarding mandatory participation in the RCAIC insurance program, and that the RCABC Board of Directors will vote at their meeting on January 28, 2011 on whether all RCABC Active members will be required, upon renewal, to purchase the minimum $5 million liability insurance from RCA Indemnity Corporation, as a condition of membership.”
Introduction For too many years the Board and Management of RCAIC has been “shadow boxing” with unnamed parties that would like to see the end of this unique special purpose insurance company. One can speculate as to the reasons why this is so, but in view of the seriousness of this issue, it would be a needless exercise. Suffice to say that RCABC is the only, association of trades contractors in Canada, with the resources (meaning the policies, procedures, regulations, risk
management, standards and independent oversight) that define best work practices for professional roofers, to have its own liability insurance company. That in itself is an incredible achievement and will stand on its own regardless of future decisions. However, the question that the RCABC Board will grapple with shortly is, given that RCABC members are independent businessmen, given that contract values are down and
The RCA Indemnity Corporation A Membership Service worth retaining, an unnecessary Intrusion by RCABC into the Business of its Members, a Hedge against future “hard insurance markets” or simply, a Program that is no longer viable due to competition from the insurance industry.
competition is fierce and saving costs is always part of the estimating equation, given that currently there are insurance syndicates targeting RCABC members with lower insurance rates, given that the association is made up of large and small roofing contractors throughout the province with a variety of insurance needs – should the RCABC Board mandate a policy that will require all RCABC Members to join the RCA Indemnity Corporation insurance program, as a condition of membership? That is the question. The intent of this article is to inform RCABC Members about the conditions that led to the decision to create a captive insurance company in the first place. It is an attempt to (Continued on page 2)