MMTA Workers' Comp. Trust offers
Maine employers who are members of the MMTA:
- In - house claims Administration
- In - house loss Prevention
- In - house administration of premium calculation, claimant benefit checks,
loss reports, and experience modification factor calculation.
- Competitive low rates.
- Premium refunds (when actuarially supported)
- Stock market discounts.
- Employers liability coverage of
$1 million
- Statutory limits per occurrence on all workers' compensation claims.
- No deductibles - Trust pays first dollar on all losses
- Prescription network services for injured
employees
A Brief History
MMTA Workers' Comp. Trust (the Trust) was formed in 1991 due to the increasing
cost and unavailability of workers' compensation insurance in Maine at the time.
Members of the MMTA decided to take control of their WC insurance destinies and
formed a group self-insurance program tailored to be cost-effective and business
friendly. Since 1991, The Trust has grown from 15 members to a healthy 75
members, all of which are committed to safety and claims handling programs. Due
to this commitment, members have received refunds totaling more than $16 million
and rate reductions to the tune of 50% on average for years 1991 to 1998. An
important Trust goal has always been to provide the membership with the best
service possible which is evidenced by the in-house staff that is always
available to help both members and injured employees.
*for a premium estimate on classification codes your organization carries,
please contact the Trust office at (207)623-1807 or e-mail your request to Brian
with our contact
form.
Why MMTA Workers' Comp. Trust?
An Innovative Approach to Claims Management:
- Members are more than just a premium dollar to the Trust - they are part
owners in their workers' comp. insurer and questions or concerns are handled
promptly by in-house staff.
- Members are encouraged to play a significant role in the management of
their claims and work with the Trust adjusters to minimize the cost of the
claim while maximizing the care given to the injured employee.
- Claims Manager Pam Demers has many years experience in the insurance
industry and knows what it takes to get positive results out of unfortunate
injury claims.
- Expert legal services provided by Evan Hansen of Preti, Flaherty, Beliveau,
Pachios & Haley.
Superior Coverage and Cost:
- Statutory Limits on Workers' Compensation claims.
- $1 million Employers' Liability coverage at no extra cost to members.
- Trust pays first dollar on all claims so there are no hidden costs when
dealing with deductibles.
- There are no Administrative assessments to members added on to premium
calculations like some other insurers.
- State assessments for
continuing members are included in the rates charged so there are no
additional fees charged to the membership.
MEMBERSHIP REQUIREMENTS
- Company needs to be incorporated and have had a Workers' Compensation
policy for at least three years.
- Financial criteria must be met - a copy of this criteria will be furnished
upon request.
- Company needs to be a member in good standing of the MMTA.
- Company needs to receive a favorable safety recommendation from the
Trust's in-house Risk Control Manager.
- Company must show a strong concern for employee safety and proper claims
handling procedures such as:
- Modified Duty Programs
- Appropriate hiring practices
- Disciplinary procedures
- Safety programs and training
.....