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LRA/SIF
The Louisiana Restaurant Association (LRA) is recognized as one of the strongest industry-specific associations in the country. This makes sense with the emphasis put on food in this part of the country.
Twenty-five years ago, the LRA formed a workers' compensation insurance program specifically for our members - the Self Insurer's Fund (LRA/SIF).
The LRA/SIF provides ONLY workers' compensation insurance; no other form of insurance is underwritten by this program. Because the LRA/SIF is a "mono-line" insurance provider, all of our emphasis and attention to detail can be given to our members' workers' compensation needs.
The LRA/SIF's program is also "homogeneous" versus "heterogeneous," which means we target industry-related businesses only. We are not interested in businesses unfamiliar to our experts. We know restaurants and hospitality-related businesses, and that's what we insure.
Our commitment to setting the industry standard for excellence continues into the 21st century. We're dedicated to providing our members with service that extends beyond the business of insurance.
The LRA/SIF is the fund that pays its members back. To date, this fund has paid our eligible members more than $81 million of unused premium in the form of dividends and safety credits and rewards. This year alone, our eligible participants received $4.6 million in dividends, representing unused premium from 1996, 1998, 2000, 2001, 2002, 2003, 2004 and 2005.
The LRA provides vital benefits beyond workers' compensation for succeeding in the current competitive market:
Your membership strengthens our impact both in the state Legislature as well as the national arena in Washington, D.C. Our professional lobbyists fight for you and your rights to operate in a profitable manner with fewer restrictions.
Membership entitles you to meet and share industry information with some of the most experienced and knowledgeable operators in the state. Monthly chapter meetings are a mix of both operators and purveyors. This forum provides you the opportunity to meet those who can help you understand and navigate through local issues.
Included in the payment of your annual dues is access to our annual restaurant trade show. The LRA's Foodservice EXPO is a closed show providing a first-hand look at the latest in restaurant technology. From food products to the tools needed to maintain a competitive edge, our members can see, taste and touch the products used in today's restaurants.
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