IFBOA Program Participants Earn Dividend

Participants in the Independent Fixed Based Operators Association’s (IFBOA) Worker’s Compensation Insurance Program will begin receiving their share of more than $3 million in "Good Experience Returns" this week, according to the National Air Transportation Association (NATA), which purchased the industry advocacy group earlier this year, in part to expand the program to its overall membership.

“We are proud to offer a workers' compensation insurance program that provides competitive rates and significant financial returns to our members,” said NATA president and CEO Thomas Hendricks. “Program participants enjoy considerable cost savings while protecting their employees, something lacking in many other programs.”

The program stresses the importance of a safety culture and bases its returns upon employee safety, providing an incentive for participants to continually validate and update their practices. The IFBOA program has a projected return of 22 percent to its members over a five-year Good Experience payout schedule.