MARO Self Insured Workers' Compensation Program
The MARO Employment and Training Association administers a self-insured workers' compensation insurance fund for its members. The program has been in operation since 1988 and has paid back over $12 million in dividends and discounts. In Fund year 2002, six long term members of the Fund received discounts that exceeded their premium and many other enjoy discounts from 15% to 95% based on their loss history with the fund.
The fund is governed by a board of trustees elected by the members of the fund at the Annual Meeting held at the MARO Spring Management Conference. Claim service is provided through a third party administrator, Broadspire. Excess insurance is purchased from Midwest Employers Casualty Company rated A+ by A.M. Best. Loss control consulting and safety audits are provided by Todd Culver of the MARO staff.
The fund operates under authority granted by the Michigan Department of Labor and Economic Growth/Workers' Compensation Agency. Fund investments are handled by JP Morgan Asset Management.
2008 rates for the major payroll classifications are:
* Workshop (8837) 4.67
* Residential (9052) 4.06
* Clerical (8810) .30
* Schools: Professional (8868) .34
* Physicians (8832) .41
* Public Health-Nursing (8835) 5.01
* Buildings-NOC (9015) 5.44
* Salespersons (8742) .57
* Stores (8008) 1.44
* Drivers (7380) 6.04
Your final premium will be based upon an exprerience modification applied to these premium rates.
For more information or to receive a quotation send an e-mail to dprice@maro.org
Click here to download an FAQ about the MARO Workers' Compensation Fund.
Click here to download a fund application in PDF format.