MichiComp / Workers Compensation Insurance
The MAC has created a solution to our members’ workers’ compensation needs! We have partnered with full-service specialty insurer Mourer Foster and the Michigan workers’ compensation insurance experts at Retailers Insurance Company to create a member group safety dividend program for MAC members.
Workers’ Compensation policy holders through this program receive:
- Several payment options with no penalty for stretching out payments
- Employee liability limit of $2 million – much higher than the $500,000 industry standard
- EFT Guard, providing $100,000 protection if your business bank account is hacked, plus $2,500 of cyber extortion protection if your computer system is held for ransom
- Discounts for practices that install security measures and encourage healthy and safe work habits
- Membership in the Michigan Retailers Association, with full access to its valuable business service
- Automatic terrorism coverage
For information regarding benefits received by program policyholders, contact Wes Hoffrichter at the MAC at (517) 367-2225 or firstname.lastname@example.org.
To start the quote and application process, click the link below:
"Last year I paid a large, well-known insurance company over $1200 for worker’s compensation insurance for my practice. With MichiComp’s new plan, I’m paying about $800, a savings of $400 for the very same coverage. The best part however, is that now, I’m supporting my profession with my insurance premiums and not the large, well-known insurance company that frequently opposes chiropractic. If you’re a doctor of chiropractic in Michigan, you owe it to yourself—and your profession—to look into this opportunity!"
- Dr. Tom Klapp!
"I switched my workers compensation insurance to the new MAC program MichiComp and not only did I save money on my premium but I gained the satisfaction of knowing that my money will go to support chiropractic in Michigan. The switch was quick and easy and they did most of the work for me. Every chiropractic business is required to have workers compensation insurance so it only makes sense to have your insurance support the profession we all love!"
-Dr. Eric DiMartino
"For years I paid into a worker's compensation policy and as most of us know, it's insurance we must have but, as chiropractors who offer free care to staff members, we will never use; money out the window right? So when the idea of MichiComp was introduced wherein we become members and could possibly receive dividends on unused monies, I was wholeheartedly in! When it was announced that Michicomp was a go, I immediately filled out the online app on the MAC homepage, was contacted within the hour and quickly received my quote. To my very pleasant surprise, the quote for my office with 11 employees was nearly 30% less! Even with the additional membership fee, which makes future dividends possible, my savings is nearly 20% ! Needless to say, I'm a happy camper!"
-Dr. Susan Blaskay
Are There Penalties if an Employer Does Not Obtain Workers’ Compensation Insurance or Permission to be Self-Insured?
Yes. Under Michigan’s Workers Disability Compensation Act, there are severe penalties for the failure of an employer to provide workers’ compensation coverage. First of all, if a worker is injured, he/she may sue the employer for damages in civil court. If the employer was at fault for the injury, this could result in the payment of a great deal of money by the employer.
Secondly, the Workers’ Compensation Agency actively enforces the Workers’ Disability Compensation Act. It has the authority to petition the court and seek an order prohibiting the company from employing any persons in their business until such time as proper workers’ compensation insurance coverage is obtained.
Finally, the employer may be subject to a fine of $1,000, imprisonment for no less than 30 days nor more than 6 months, or both. And, each day for which the employer is uninsured is considered a separate offense, so they penalties could be immense.