The Michigan Horticulture Industries Self-Insured Workers’ Compensation Fund (MHI Fund) is
pleased to announce that it will be distributing over $5.3 million back to its members for the
2024 renewal. This represents an average return of 46% of a member’s annual premium. This
significant premium return demonstrates the Fund’s commitment to providing financial benefits
to its members.
The total profits returned since the Fund’s inception in 1993, amounting to $66,509,348, further
highlights the Fund’s long-standing success in providing substantial savings. It showcases the
Fund’s financial strength and its commitment to delivering value to its members.
As a member-owned program, the Fund operates with the best interests of its members in mind.
The fact that all premium collected, which is not used for claims and administrative expenses, is
returned demonstrates a testament to the Fund’s dedication to reducing the members’ overall
workers’ compensation insurance costs.
The MHI Fund recognizes the importance of accident prevention and proper claims
management in keeping costs as low as possible for its members. To support this goal, the
Fund offers a range of safety resources and loss control programs that are tailored specifically
to the horticulture and floral industries.
One of the key focuses of the Fund’s educational training is to create a safety culture in the
workplace. This involves working closely with owners and supervisors to instill a mindset of
prioritizing safety and implementing best practices for claims handling, accident investigation,
and return-to-work programs. By actively promoting a safety culture and providing members
with the necessary tools and support, the Fund helps its members keep their costs down and
maintain a safe working environment.
The Fund also collaborates with experienced loss control specialists who provide expert
guidance and cost-saving solutions on safety and loss prevention. These specialists work
closely with members to identify potential risks and develop strategies to mitigate them. By
implementing effective safety measures and loss prevention techniques, members can reduce
the frequency and severity of accidents, ultimately leading to lower costs.
The MHI Fund takes the handling of workers’ compensation claims with great diligence. One
way the Fund ensures cost control is by actively fighting fraudulent claims. By identifying and
challenging fraudulent claims, the Fund protects its members’ financial interests and helps
maintain the integrity of the program.
Additionally, claim settlements within the Fund are required to be authorized by the Fund’s
Board of Trustees, which is comprised of actual members. This ensures that claim settlements
are thoroughly reviewed and approved by those who have a vested interest in the Fund’s
financial stability.
If you are not currently a member of the Fund, it is worth considering the many benefits it has to offer.
To learn more about the Fund and its offerings, contact the Fund’s Administrator, RPS Regency
at 800.686.6640, or visit mhifund.org.
Congratulations to the MHI Fund on another remarkable year! The Fund will continue to strive
for excellence in claims handling and cost control to ensure the continued success and
satisfaction of its members.
