HomeBuilders Self Insurers Fund

What HomeBuilders Self Insurers Fund does

HomeBuilders Self Insurers Fund (HomeBuilders SIF) is a private, member-owned self-insured workers' compensation fund founded in 1980 and headquartered in Baton Rouge, Louisiana. The fund provides workers' compensation coverage exclusively to Louisiana's construction industry, spanning home builders, general contractors, specialty trade contractors (HVAC, electrical, plumbing, masonry, concrete, drywall, carpentry, glazing, and others), and building material dealers and lumberyards across more than 100 class codes. It is the only workers' compensation provider officially endorsed by the Louisiana Home Builders Association (LHBA), a relationship dating to its founding.

The fund's core product is a group self-insured workers' compensation program with coverage tailored to construction-industry risks. Supporting technology includes the HB Connect Portal — an online member and agent platform launched in April 2022 that provides 24/7 access to real-time reports, online payments, instant policy document retrieval, and agent-side capabilities for writing new business — along with a Claims Management System featuring 24-hour reporting requirements, Supervisor Investigation Report tools, and dedicated claims staff. Free Loss Control Services (onsite safety visits, sample loss control plans, toolbox talks, and a 10-Point Safety Plan template) are bundled with coverage and delivered through a separate safety resources site (sifsafety.com). The fund has maintained a five-year average loss ratio under 30% and returned approximately $121 million in dividends to members since 1994, including roughly $2 million distributed in both March and June 2024.

Revenue is generated through workers' compensation premiums calculated by class code and member payroll, with annual payroll audits reconciling actual exposure against estimates; the fund has periodically reduced rates, including up to 15% in 2024 and up to 7% in 2025, and lowered minimum premiums from $2,000 to $1,600 for select class codes in April 2020. Distribution occurs through a combination of insurance agents and brokers (using HB Connect), referrals from local HBA chapters across Louisiana, direct sales, and online self-service. Governance is provided by a Board of Trustees composed of active construction-industry members, with the 2026 Executive Committee led by Chairman Scott Wallace (Melot Construction LLC). Operating leadership includes Chris Duncan as CFO/COO and Michael Morris as Administrator and Chief Executive Officer.

Name

HomeBuilders Self Insurers Fund

Legal name

HomeBuilders Self Insurers Fund

Website

https://lhbasif.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

HomeBuilders Self Insurers Fund is a Louisiana-based, member-owned self-insured workers' compensation fund serving the state's construction industry — including home builders, specialty trade contractors, and lumberyards — as the only LHBA-endorsed workers' comp provider.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Other Insurance Funds (525190), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

• Workers compensation insurance
• Self-insured fund
• Construction insurance
• Loss control services
• Workplace safety resources

Headquarters

HQ city

Baton Rouge

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Workers' Compensation Premiums: Members pay workers' compensation insurance premiums based on class codes and payroll. Premiums are calculated through annual audits that reconcile actual payroll against estimates. As a self-insured fund, premiums remain within the fund and excess may be returned as dividends to members.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

HomeBuilders Self Insurers Fund (HomeBuilders SIF) is a member-owned, group self-insured workers' compensation fund that provides specialized workers' compensation coverage exclusively to Louisiana's construction industry, including home builders, general contractors, specialty trade contractors, and building material dealers. The offering is complemented by the HB Connect online portal for members and agents, free loss control and safety services, and surplus returns in the form of dividends to participating members.

Product overview

HomeBuilders Self Insurers Fund offers a group self-insured workers' compensation program built specifically for Louisiana's construction industry. The core product is workers' compensation coverage for builders, subcontractors, and specialty trades, complemented by the HB Connect Portal (an online platform for members and agents) and Loss Control Services. The HB Connect Portal provides 24/7 access to policy documents, real-time reports, online payments, and agent capabilities. Loss Control Services offers free onsite safety visits, sample loss control plans, and toolbox talks to help members prevent workplace injuries.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Coverage Group self-insured workers' compensation program specifically designed for Louisiana's construction industry, including builders, subcontractors, and specialty trades. Provides industry-specific coverage with claims management and safety resources tailored to homebuilding risks. Premiums are calculated based on class codes and member payroll, reconciled through annual audit, with surplus returned as dividends to members.
• HB Connect Portal Online member and agent portal providing 24/7 access to payroll and claim information, key policy documents, real-time reports, online payments, and instant access to policy documents. Agents can pay on behalf of members, write new business, and view what members see.
• Loss Control Services Free loss control services helping members manage risks while their businesses operate smoothly. Includes onsite visits and reviews, sample loss control plans, toolbox talks presentations covering topics like aerial lifts, confined space entry, electrical safety, hand tools, and fall preparedness, plus a 10-Point Safety Plan template.

Quantifiable outcome

• 97% member renewal rate
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Louisiana Home Builders Association (LHBA)coreStrategic or Co-development Partner · 1 January 1980LHBA is the founding partner of HomeBuilders SIF. The organization was established in 1980 by members of LHBA to meet the unique workers' compensation needs of Louisiana's builders. SIF is the only workers' comp provider officially endorsed by LHBA. The endorsement reflects LHBA's trust in SIF's services and provides SIF with access to LHBA's member network across Louisiana's local HBA chapters.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Builders Mutual Insurance Company: North Carolina-based mutual insurance company providing workers' compensation, general liability, and commercial auto exclusively to the residential and commercial construction industry. Operates as a trade-association-aligned carrier for builders, directly comparable to HomeBuilders SIF in vertical specialization and member-driven governance.
• FCCI Insurance Group: Florida-based mutual insurance company specializing in workers' compensation and commercial insurance for the construction industry, with over 60 industry class codes. Operates a trade association model similar to HomeBuilders SIF's LHBA relationship, and is the closest regional construction-focused peer.
• Texas Mutual Insurance Company: Texas's largest workers' compensation insurance writer and the state's only private non-subsidized mutual insurance company. Offers competitive WC rates to Texas employers across industries including construction—closest scale and structural analog to a state-focused construction workers' comp fund.
• Midwest Builders Casualty Mutual Insurance Company: Construction-focused workers' compensation mutual serving homebuilders and contractors in Midwest states. Operates on a member-owned, industry-specific model with dividend/return-of-premium features directly analogous to HomeBuilders SIF's Louisiana construction focus.

Broad incumbents

• Employers Holdings, Inc. (EIG): Workers' compensation specialty insurance holding company offering coverage to small and mid-sized businesses across multiple industries, including construction. Operates at much greater scale and geographic breadth than SIF but competes for the same SMB construction WC accounts.
• State Compensation Insurance Fund (California): California's state-chartered workers' compensation carrier providing competitively priced WC insurance to employers. As a state-sponsored mission-driven fund, it parallels SIF's non-profit, builder-focused identity and provides a public-policy benchmark for the self-insurance alternative model.
• The Hartford Financial Services Group: Major multi-line insurer offering workers' compensation nationwide as part of a broader commercial insurance portfolio. Competes with SIF for mid-sized and larger Louisiana construction accounts and represents the scale incumbent against which SIF's specialized offering must differentiate.
• Republic Indemnity Company of America: California-based workers' compensation specialty carrier serving agribusiness, construction, transportation, and similar industries. Larger multi-state WC specialist with construction class-code expertise directly comparable to SIF's vertical depth.
• Zenith Insurance Company: Specialty workers' compensation and commercial property/casualty carrier and subsidiary of Fairfax Financial, focused on agribusiness, construction, transportation, and logging. Larger, multi-state carrier with significant construction workers' comp exposure and competing for similar SMB builder segments.
• AmTrust Financial Services: Global specialty property/casualty insurer with a significant U.S. workers' compensation book focused on small to mid-sized businesses across trades and industries. Multi-line scale and digital underwriting capabilities make it a comparator for distribution and pricing dynamics, even though not construction-exclusive.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/a

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HomeBuilders Self Insurers Fund