Administrative Services

Mourer-Foster Administrative Services (MFAS) has over 15 years experience in designing, creating, expertly underwriting, managing and marketing self insurance programs for workers’ compensation for individual employers as well as groups and associations.

MFAS can design and develop the best and most creative alternative risk programs, captive insurance companies, rent-a-captives, and other risk retention options for your business or association.  Our underwriting systems are designed to produce positive, profitable results for any program.

MFAS is skilled in developing proactive loss prevention programs that focus on reducing the exposure to loss from a general liability, property, or employee injury perspective.

For more information on the many programs offered by MFAS, please contact Larry Andrick at 517-346-5212, or e-mail at landrick@mourerfoster.com.

Services

Self Insurance Development and Management - Individual Corporation-For those companies looking to self insure their workers’ compensation risk, MFAS can perform the necessary feasibility studies to determine if self insurance is right for you.  Since we have extensive knowledge of the excess insurance industry, we can also develop the necessary contracts that would be needed to self insure your risk.  MFAS can also negotiate a contract for your company with a qualified, high quality, claims handling firm licensed in the state of Michigan.  We take your company right through the entire approval process with the Michigan Workers’ Compensation Agency.

Group Self Insurance -Associations in Michigan are allowed to pool their members into a group self insurance fund for workers’ compensation.  This can be a vary valuable membership service designed to keep membership retention levels at all time highs.  Strict underwriting allows the best risks within an industry to enjoy the benefits of large dividend payouts.  MFAS has been highly successful in the creation and management of group self insurance funds in Michigan.  As with individual corporations, we perform the necessary feasibility studies and work with the association staff to create the program through the necessary approval steps required by the Michigan Workers’ Compensation Agency.

Captive and rent-a-captive programs -MFAS can undertake the necessary feasibility studies to help you determine if a captive insurance format would work for your company or association.  In essence, a captive insurance company is owned by its members (if it is an association program), or its parent company (if it is a single owner captive), who derive the benefits of the profitability, stability, and investment income generated by the captive.  MFAS can handle the necessary reinsurance negotiation and placement, captive management and underwriting of risks, placement of claims handling and loss prevention programs.  We become your off site manager of your own insurance company.

Loss prevention programs -The prevention of claims is vital component in the overall risk management structure of any business.  Fewer losses result in lower insurance costs, fewer lost work days, fewer liability lawsuits, fewer days spent in court, etc.  MFAS has over 13 years experience in assisting businesses of all types in creative, proactive ideas to help lower the exposure to loss.  Vehicle safety and usage guidelines and policies, ergonomics, proper lifting, safety incentive programs, toolbox talks, job site safety inspections, safety manual development assistance, return to work programs, are just some of the resources available.