Commitment to Safety Pays Off: 46% Premium Return
The Michigan Horticulture Industries Self-Insured Workers’ Compensation Fund (MHI Fund) has announced a profit return of over $6.3 million for the 2026 policy year, bringing total returns to $78,989,106 since 1993. This represents an average return of 46% of a member’s annual premium. The MHI Fund is a self-insured program aimed at reducing workers' compensation costs by prioritizing workplace safety. As a member-owned program, it continues to provide significant premium savings and is one of the best performing self-insured funds in the state.
The key to its success is a selective underwriting approach that accepts only business owners with a proven track record of low losses, acceptable work exposures, established safety programs, and financial stability. This ensures members have a strong focus on safety and risk management, reducing employee injuries, and enhancing profitability. Read full return article here