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Home Health CareThe Health Care Workers' Compensation Fund If you’re looking for affordable Workers' Compensation, Lee F. Murphy has partnered with MeadowBrook Insurance to provide an attractive alternative with the Healthcare Workers' Compensation Fund. Business owners have joined together to form a self-insurance group specific to the health care industry. We continue to grow and as noted above we now have 30 members. The Fund’s Mission Statement says it all: “Health Care Workers' Compensation Fund is dedicated to the proposition that together, through thoughtful management, we can reduce the workers' compensation cost to our businesses and provide exceptional care to injured employees.” Why Self-Insure? Small Firms. Big Results. Insurers typically neglect workers' compensation. Availability is unpredictable and costs are high, even among the best operators. Businesses with few claims do not get consideration and adequate rate reduction because the “class” is viewed as risky. If you’re not getting credit for quality management, consider the Group Self-Insurance alternative. You’ll be joining a group with impressive member characteristics: • Profitable operations • Quality employment practices and training • Lower than average claims history • Return-To-Work program for injured employees • Workers' Compensation premiums over $15,000 The advantages are possible because of small firms coming together to produce big results. The Application Process Lee F. Murphy Insurance Group will work directly with you or with your licensed insurance professional. Allow 60 to 90 days before your current policy expiration date. Submit 5 years “loss runs”, valued within the last 60 days, along with expected payrolls for next year. Request your CPA estimate cost and time necessary for a required “Review” financial statement. Meet with the Fiscal Agent or Third Party Administrator to review the quotation and Fund Bylaws. The Fund Board and Dept. of Commerce must approve all new members. If you’re a well-managed organization seeking a better solution, join this member-owned group. It’s workers' compensation that works. |
panderson@leefmurphy.com
Lee F. Murphy Paul Anderson
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