Creating Safe Workplace Environments Has Profitable Impact for Fund Members
The Michigan Restaurant & Lodging Fund (MRL Fund) has announced that its members will receive a profit return of $7.6 million for the 2025 policy year. This brings the total profits returned to members since 1992 to $121,310,000. The MRL Fund is a self-insured workers' compensation program that aims to reduce the overall costs of workers' compensation insurance for its members.
The success of the MRL Fund is attributed to its focus on workplace safety. By creating a safer workplace for employees, the Fund is able to keep workers' compensation costs to a minimum, resulting in greater profits for its members. The Fund has a selective underwriting approach, only accepting hospitality business owners with a proven track record of low losses, acceptable work exposures, an implemented safety program, and financial stability.