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March 2010 $4M Dividend Distribution From HBSIF To WC Participants
10 Feb, 2010 WorkersCompensation.com
Baton Rouge, LA (CompNewsNetwork) - The HomeBuilders Self Insurers Fund has announced a $4 Million dividend distribution will be returned to qualifying participants of its workers' compensation program in March 2010. This distribution is one of the single-largest dividends returned to members in its 30-year history, and brings the total dividends returned to members this fiscal year to $10.5 Million. With this dividend distribution, nearly $49 Million has now been returned to participants, based on their individual claims experience and premiums paid into the fund.
The HomeBuilders Self Insurers Fund is a workers' compensation program designed especially for both residential and light commercial contractors. Endorsed by the Louisiana Home Builders Association, the program was the first group fund authorized to do business in Louisiana, and is sold exclusively through select independent insurance agents across Louisiana.
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