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Fund News: 2024 Renewal Gives Back $14.9 Million to Members

Fund Members Receiving Money Back

Members of the Associated Builders and Contractors of Michigan Self-Insured Workers’ Compensation Fund continue to be rewarded for their outstanding performance! For the 2024 policy year, participants of this highly successful self-insured workers’ compensation program will be receiving their largest return of profit in the Fund’s history. This year the Fund was approved to distribute $14.9 Million profit back to its members. Since 1995, the total profits returned are over $134,000,000.

The Fund has been a stable and competitive market for eligible ABC of Michigan members and now available to residential builders and contractors of HBA Michigan. As a member-owned program, the Fund is committed to working with contractors to provide a safer workplace for their employees. This in turn helps keep workers’ compensation costs to a minimum. Over 560 members are currently participating in the program.

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