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October 24, 2023
New Year, Lower Rates!
January 11, 2024
What do you think real members and agents of the HomeBuilders Self Insurers Fund love most about the fund? Is it the networking opportunities? How about the tailored coverage? Is it the yearly dividends payout?
The correct answer is “all of the above.”
Dividend Payouts
John Daly, an Insurance Agent with Blumberg & Associates, raves about the value and financial upsides his clients see when they’re a member of SIF. “They provide a good product for a good price.”
One of his clients even had their entire premium paid for through the dividends they received from SIF. In fact, since the inception of HomeBuilders SIF, we have given back $117 million to our members. Being a member of SIF pays in more ways than one.
Ownership
Finding a workers’ compensation company that provides the right amount of coverage to its workers depending on the market can be difficult. And that difficulty only increases when the owner isn’t familiar with the industry. However, SIF is owned and managed by builders, for builders.
We understand the complexities of the industry and have the utmost respect for not only our fellow builders but for the trades in general. Because of this, we purposefully provide workers’ compensation coverage tailored to builders and their needs.
Dan Mills, Executive Director for the Home Builders Association of Greater New Orleans says, “It’s hard to find good workers’ compensation for builders. SIF is controlled and owned by builders and managed by builders—it helps provide the right amount of coverage that makes sense for this niche market.”
Safety
Safety is our top priority in everything that we do. Because of this, we offer extensive and updated training courses and resources for every builder. Some of our safety resources include loss control services, onsite visits and reviews, loss control plans and safety presentations.
Floyd Simeon III, a builder with SIF, says “We’re called by SIF once a month to see if we need anything safety-wise.”
Networking
Another huge benefit of joining SIF is the networking involved. We have tons of events and opportunities to get to know other builders and contractors. This helps build partnerships and friendships within the industry.
Having meaningful connections with others in the industry helps build trust among one another and makes for safer, healthier worksites. Plus, it helps communication and continuous education as we all have something to learn from one another.
We offer a lot of benefits and value to builders, contractors and subcontractors. Our main goal is to provide builders with adequate and fair coverage while promoting and ensuring safety at every step. Check out a list of our resources to see how we can help you today.
