Celebrating 100 Years With Over $100 Million
By: Michigan Restaurant & Lodging Fund
RPS Regency, program administrator of the Michigan Restaurant and Lodging Fund (MRL Fund), congratulates the Michigan Restaurant & Lodging Association (MRLA) on the celebration of their 100-year milestone anniversary! Since 1921, the MRLA has been committed to representing Michigan’s hospitality industry and is always looking out for the best interest of the collective industry.
Another milestone MRLA Members are benefiting from is the recent announcement of the largest return to MRL Fund participants in the 30-year history of the fund! This year, MRL Fund members will receive a $7.3 million credit for good performance on their 2022 renewal. This brings the total returned since inception to over $100,290,000 and represents a 48 percent average return of premium.
As a member owned self-insured workers’ compensation program, the MRL Fund’s goal is to control costs, reduce accidents through loss control, provide aggressive claims oversight, and return surplus money back to members. The fund continues to reward its members for outstanding performance as it gives back its highest profit return yet!
Another milestone MRLA Members are benefiting from is the recent announcement of the largest return to MRL Fund participants in the 30-year history of the fund! This year, MRL Fund members will receive a $7.3 million credit for good performance on their 2022 renewal. This brings the total returned since inception to over $100,290,000 and represents a 48 percent average return of premium.
As a member owned self-insured workers’ compensation program, the MRL Fund’s goal is to control costs, reduce accidents through loss control, provide aggressive claims oversight, and return surplus money back to members. The fund continues to reward its members for outstanding performance as it gives back its highest profit return yet!
In addition, the MRL Fund has become the largest workers’ compensation provider for Michigan’s hospitality industry with over 880 member corporations representing over 2,800 locations. From substantial profit returns to aggressive claims handling, the Fund is the most cost-effective workers’ compensation option for its members year after year.
There’s more good news! Fund members continue to receive stable yet competitive upfront premiums. For the sixth year in a row, the Fund will have a rate decrease to further reduce members’ insurance costs. This competitive pricing, along with the MRL Fund’s selective approach to underwriting new members, is designed to save members money on the total cost of workers’ compensation over the long term. This results in lower net premium costs based on the excellent performance of the group.
The MRL Fund takes the responsibility for the costs associated with claims and workplace safety very seriously. Reducing the costs associated with workers’ compensation claims means more profit to go back to members. The MRL Fund’s Board of Trustees, elected by the members, governs the operation of the fund and provides authorization on claims settlements. Also, aggressive claims management, through lower caseloads per adjuster, allows for more time to proactively handle claims and reduces overall claims costs.
The MRL Fund offers its members numerous safety resources and loss control programs that are specific to the hospitality industry. Some of the educational training focuses on creating a safety culture in the workplace, by working with owners and supervisors on proper claims handling, accident investigation, return-to-work programs and making every employee accountable for safety on the job.
The MRL Fund works with loss control specialists who provide sound guidance and cost-saving solutions on safety and loss prevention for its members. The online safety center includes a comprehensive human resource library at no cost to members. It provides in depth information on the most current federal and state employment laws, as well as a complete range of downloadable forms, posters, and literally hundreds of topics.
For most members, the cost savings is the primary reason they insure with the MRL Fund as the profit returns have proven to dramatically reduce their overall workers’ compensation insurance costs year after year. Each member can further enhance their premium savings with the help of the MRL Fund’s loss control consultants who are available to work with members on accident prevention and reducing claim costs when an injury does occur.
Congratulations to fund members for thirty years of excellent performance resulting in lower premium costs low and, most importantly, keeping their employees!
Do you Qualify for the MRL Fund?
Contact Pam Sawatzki at the Michigan Restaurant & Lodging Association at (517) 702-3940 or [email protected] to get a free quote and start saving money today.
There’s more good news! Fund members continue to receive stable yet competitive upfront premiums. For the sixth year in a row, the Fund will have a rate decrease to further reduce members’ insurance costs. This competitive pricing, along with the MRL Fund’s selective approach to underwriting new members, is designed to save members money on the total cost of workers’ compensation over the long term. This results in lower net premium costs based on the excellent performance of the group.
The MRL Fund takes the responsibility for the costs associated with claims and workplace safety very seriously. Reducing the costs associated with workers’ compensation claims means more profit to go back to members. The MRL Fund’s Board of Trustees, elected by the members, governs the operation of the fund and provides authorization on claims settlements. Also, aggressive claims management, through lower caseloads per adjuster, allows for more time to proactively handle claims and reduces overall claims costs.
The MRL Fund offers its members numerous safety resources and loss control programs that are specific to the hospitality industry. Some of the educational training focuses on creating a safety culture in the workplace, by working with owners and supervisors on proper claims handling, accident investigation, return-to-work programs and making every employee accountable for safety on the job.
The MRL Fund works with loss control specialists who provide sound guidance and cost-saving solutions on safety and loss prevention for its members. The online safety center includes a comprehensive human resource library at no cost to members. It provides in depth information on the most current federal and state employment laws, as well as a complete range of downloadable forms, posters, and literally hundreds of topics.
For most members, the cost savings is the primary reason they insure with the MRL Fund as the profit returns have proven to dramatically reduce their overall workers’ compensation insurance costs year after year. Each member can further enhance their premium savings with the help of the MRL Fund’s loss control consultants who are available to work with members on accident prevention and reducing claim costs when an injury does occur.
Congratulations to fund members for thirty years of excellent performance resulting in lower premium costs low and, most importantly, keeping their employees!
Do you Qualify for the MRL Fund?
Contact Pam Sawatzki at the Michigan Restaurant & Lodging Association at (517) 702-3940 or [email protected] to get a free quote and start saving money today.
