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 $13 million in dividends and discounts. In Fund year 2010, five 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, Engergy and Economic Growth/Workers' Compensation Agency. Fund investments are handled by JP Morgan Asset Management.
2010 rates for the major payroll classifications are:
* Workshop (8837) 4.80
* Residential (9052)4.17
* Clerical (8810) .31
* Schools: Professional (8868) .35
* Physicians (8832) .42
* Public Health-Nursing (8835) 5.15
* Buildings-NOC (9015) 5.59
* Salespersons (8742) .59
* Stores (8008) 1.48
* Drivers (7380) 6.21
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.