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Dividends
Ask yourself: "How many of my current insurance companies pay me back the money that isn't used to pay claims?"
The LRA/SIF for workers' compensation (LRA/SIF) has returned unused premium, in the form of dividends, the past 20 consecutive years.
To date, the LRA/SIF has paid our members more than $81 million in dividends and safety credits and rewards. This year alone, $4.6 million was refunded to our eligible participants.
For the past four years, the LRA/SIF has averaged returning approximately 28% in annual dividends to eligible members who participated in all fund years being returned.
The LRA's Workers' Compensation Insurance Program sets the Louisiana standard in service and dividends. No other Louisiana self-insured insurance program has paid its members back more in dividends - it's not even close!
Our commitment to setting the industry standard for excellence has continued into the 21st century. We're dedicated to providing our customers with service that extends beyond the business of insurance.
We bring you superior customer service and coverage that extends across the state. Backed by strong financial reserves and the wisdom that comes from doing business for 25 years, the LRA/SIF serves more than 2,900 member locations representing about $21 million in annualized premium and more than $700 million in insured payrolls.
If you have never participated in our fund and are interested in a free quote, give us a call.
If you participated in the past but left for cheaper rates, look at us again. If you return, there may be potential for future dividend consideration for the past period(s) in which you participated.
If you have any questions regarding the LRA's workers' compensation, call our marketing office in Metairie at (800) 256-4572 or contact the LRA Regional Director in your area.
"What we've done together has made a difference."
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