Focusing On Safety Has Its Rewards - MRL Fund Returns $7.1 Million to Members for 2018

Michigan Restaurant & Lodging Fund - Regency Group


The Michigan Restaurant & Lodging Fund (MRL Fund) once again rewards its members for outstanding performance and gives back its highest profit return yet!   As a member owned self-insured workers’ compensation program, the MRL Fund has become the largest workers’ compensation provider for Michigan’s hospitality industry.  From substantial profit returns to aggressive claims handling, the Fund is the most cost-effective workers’ compensation option for its members year after year.  This year, MRL Fund members will receive a $7.1 million credit for good performance on their 2018 renewal.  This brings the total returned back since inception to over $69 million and represents an average return of premium of 48%. 
As always, Fund members receive stable yet competitive upfront pricing.  The MRL Fund’s excellent track record has insulated its members from the turbulence of the traditional insurance marketplace to keep its members’ cost low and predictable. 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.  
Additionally, 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 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/supervisors on proper claims handling, accident investigation, return-to-work programs and making every employee accountable for safety on the job. The 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. It has proven to dramatically reduce the overall costs of their workers’ compensation insurance year after year. Each member can further reduce their costs with the help of the Fund’s loss control resources available in preventing claims and reducing the frequency and severity should claims occur. 
The MRL Fund was established in 1992 to benefit hospitality employers by controlling costs, reducing accidents through loss control, providing aggressive claims oversight, and returning surplus money back to members.