“Workers’ compensation is not optional, it’s mandatory in
Louisiana. If you are operating without it, you’re exposed,” Stan Harris,
President and CEO, Louisiana Restaurant Association. “One back injury could
total a quarter of million dollars easily if the individuals’ injury is severe
enough and if it requires surgery, rehabilitation, pain management, indemnity,
etc. Do you have that kind of cash lying around?” |
| LRA SIF President/CEO Stan Harris |
To date, the LRA SIF has returned nearly $100 million to its
members. The LRA SIF is one of the most successful programs of its type in the
state due in large part to it only taking on risk aligned with the restaurant
and hospitality industries. With an in house safety and loss prevention staff,
the LRA SIF manages its claims in house to maintain the most cost effective and
efficient system and provide local customer service.
“Just one example of the savings? The LRA SIF recently wrote a new policy which saved
the business owner nearly $3,000 in annual premium costs,” said Harris. “That’s
$250 a month towards his bottom line. That could be you.”
In the last two years, we have grown our portfolio
significantly. We expanded our relationships with agencies and brokers, because
many of our members requested that their policies be written as part of their
overall risk management plan. We also have a team of sales professionals in the
field working directly with restaurants to address their workers’ compensation
needs.
Beginning in 2013, the LRA SIF lowered rates in seven key
class codes, as the market has moved to significantly raise rates. If you call
us today, you could be saving money on your premium in a matter of days. To get
a quote, call the LRA SIF at (504) 454-2277.
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