This article appeared in the September 2018 issue of MiMfg Magazine. Read the full issue and find past issues online.
The rising cost of workers’ compensation coverage can be a crippling blow to Michigan’s many small-to-mid-sized manufacturers. For employers looking for a cost-effective, reliable workers’ compensation option, MMA and the Manufacturing Technology Mutual Insurance Company (MTMIC) are proud to offer the MFG Works Partners program. MTMIC is the Association’s designated partner for all workers’ compensation insurance offerings and has been a Michigan leader in reducing claims costs while using their expertise to improve workplace safety for the past 43 years.
There are countless reasons to start 2019 off with MTMIC, but for manufacturers looking to compete around the state, across the country and in an increasingly global economy, these five should rise above the rest:
Michigan-based and manufacturing-focused for over 43 years
Transfers your risk to our experts so you can focus on your business
Minimizes injuries through comprehensive loss control services
Increases safety knowledge through our training portal
Claims handling that treats your employees with respect while providing consistent communication to you, the employer
MTMIC, in collaboration with MFG Works Partners, offers a competitive, comprehensive workers’ compensation insurance solution for Michigan manufacturers. Members of MMA will receive a three percent association premium discount on workers’ compensation insurance coverage provided by MTMIC. Members will also have the potential to receive a policyholder dividend which is comprised of two components, loyalty and loss ratio. The 2017 dividend averaged a return equaling 22.9 percent of the paid premium and MTMIC has paid back over $13.5 million in policyholder dividends over the past four years.
Reducing insurance costs is an important factor in managing your business and MTMIC provides services designed to lower costs.
While you can’t prevent all claims from occurring, our proactive loss control consultants provide the tools to reduce claim frequency and severity through customized consulting services and training programs. When a claim does occur, our dedicated team of adjusters are available to walk you through the claims process while making sure that your employee is getting the medical care necessary to return them to pre-injury status. The combination of loss control expertise and a dedicated claims staff will assist you in significantly reducing injury and claims costs while helping your bottom line.
MTMIC is an MMA Premium Associate Member and has been a member company since January 2018. Visit online: www.mtmic.com.