The Office of Commissioner of Insurance has approved a Wisconsin Apprenticeship Credit Program. The program provides a 2% premium credit for employers participating in the work-based learning program through the Wisconsin Bureau of Apprenticeship Standards. The maximum credit allowed is $2,500.
The program is:
- Optional for policies written in the voluntary market, mandatory in the Wisconsin Worker’s Compensation Insurance Pool. Carriers intending not to participate in the program must opt out of participation by completing the carrier election form found on the WCRB site.
- Employer directed. The employer must notify their carrier that they are eligible for the credit and provide evidence of participation in a work-based learning program administered by the Wisconsin Bureau of Apprenticeship Standards (WBAS) for a minimum of 6 months. This program is not restricted to construction classes.
- Restricted to work-based learning programs administered by WBAS. No other apprenticeship programs are eligible for the credit.
- Does not apply to minimum premium policies and cannot reduce premium lower than the applicable minimum premium.
- Verified at audit. If the employer becomes ineligible for the credit at audit, any credit applied at the inception of the current policy will be removed.
- Effective with polices with effective dates of 10-1-18 or later.
DEFINITIONS
- Apprentice means any person who enters into an apprentice contract with the department and with a sponsor or with an apprenticeship committee acting as the agent of a sponsor.
- Apprentice Contract means any contract or agreement of service, express or implied, between an apprentice, the department, and a sponsor or an apprenticeship committee acting as the agent of a sponsor whereby an apprentice is to receive directly from or through the apprentice’s employer, in consideration for the apprentice’s services in whole or in part, instruction in any trade, craft, or business.
- Apprenticeship Program means a program approved by the department providing for the employment and training of apprentices in a trade, craft, or business that includes a plan containing all of the terms and conditions for the qualification, recruitment, selection, employment, and training of apprentices as required under this subchapter, including the apprentice contract requirements under Wis Stats 106.01.
For more information, contact a KnowledgeBroker at R&R Insurance Services or visit https://dwd.wisconsin.gov/apprenticeship/industrial_trades.htm.
