MHI Fund

What MHI Fund does

MHI Fund (legally the Michigan Horticulture Industries Self-Insured Workers' Compensation Fund) is a member-owned workers' compensation insurance program established in 1993 and headquartered in East Lansing, Michigan. The Fund is endorsed by the Michigan Nursery and Landscape Association (MNLA) and the Great Lakes Floral Association (GLFA) and serves businesses in the Michigan horticulture and floral industries. It operates on a selective underwriting basis, accepting only member companies with proven records of low losses, established safety programs, and financial stability. Day-to-day administration is handled by RPS Regency, claims processing by Sedgwick Claims Management Services, and safety/HR resources are delivered through the Zywave portal.

The Fund's core product is workers' compensation coverage, supplemented by three service modules: (1) Safety & Loss Control Services with risk assessments and program reviews, (2) Claims Processing Services through Sedgwick as Third Party Administrator with member-board settlement authority, and (3) the Zywave Safety and HR Portal providing compliance tools, training, and policy templates. Operations are overseen by a member-elected Board of Trustees, and all members are also governance participants. The Fund's go-to-market is sales-led, driven by industry association endorsements and direct member acquisition; the website provides quote requests and member service forms.

The Fund generates revenue through annual premium contributions from member companies. After claims, expenses, and reserves, remaining profits are returned to members as distributions. For the 2026 policy year, the Fund returned over $6.3 million to members (46% of annual premium), with cumulative distributions of $78,989,106 since inception. Pricing is not publicly disclosed and varies by member risk profile; new prospects must qualify through underwriting. The Fund deliberately restricts membership scope (Michigan only, horticulture and floral verticals only) to maintain a favorable risk pool.

Name

MHI Fund

Legal name

Michigan Horticulture Industries Self-Insured Workers' Compensation Fund

Website

http://www.mhifund.org

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

MHI Fund is a member-owned self-insured workers' compensation program established in 1993, serving Michigan horticulture and floral businesses through endorsements from MNLA and GLFA, with members receiving an average 46% of premiums back as profit distributions.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Other Insurance Funds (525190)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

• Workers compensation insurance
• Self-insured fund
• Horticulture insurance
• Loss control services
• Group insurance program

Headquarters

HQ city

East Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Premiums: The MHI Fund operates as a self-insured workers' compensation program where member companies pay premiums into the fund. Any profit remaining after claims, expenses, and reserves is returned to members as a profit return (averaging 46% of annual premium). The fund generates revenue through premium contributions from member horticulture and floral industry businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MHI Fund operates a member-owned self-insured workers' compensation insurance program for Michigan's horticulture and floral industries. Members pay annual premiums that fund claims, expenses, and reserves, with any remaining profits returned to members (averaging 46% of annual premium). The program is endorsed by the Michigan Nursery and Landscape Association and the Great Lakes Floral Association, and includes bundled safety/loss control services, claims processing through Sedgwick, and free access to the Zywave online safety and HR portal.

Product overview

MHI Fund operates as a single unified offering: a member-owned self-insured workers' compensation insurance program for Michigan's horticulture and floral industries. The core product is the Workers' Compensation Fund itself, supplemented by three integrated service modules: Safety & Loss Control Services (providing risk assessments and safety program guidance), Claims Processing Services (handled through Sedgwick as Third Party Administrator), and the Zywave Safety and HR Portal (offering compliance tools, training materials, and policy templates). Members receive competitive rates based on low loss history, profit returns averaging 46% of annual premium, and industry-specific safety support.

Differentiator

Problem solved

Functional benefit

Products and services

• Michigan Horticulture Industries Self-Insured Workers' Compensation Fund A member-owned self-insured workers' compensation insurance program endorsed by the Michigan Nursery and Landscape Association and the Great Lakes Floral Association, designed to keep members' workers' compensation costs low, reliable, and predictable for Michigan horticulture and floral businesses through selective underwriting and profit returns averaging 46% of annual premium.

Quantifiable outcome

• Members receive an average 46% return of their annual premium as profit distribution
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Michigan Nursery and Landscape Association (MNLA)coreGTM or Marketing PartnerIndustry association that endorses the MHI Fund as the preferred workers' compensation program for its member companies. The endorsement provides credibility and access to the nursery and landscape industry in Michigan. Contact: Amy Upton, Executive Director, 2149 Commons Parkway, Okemos, MI 48864, 800.879.6652
• Great Lakes Floral AssociationcoreGTM or Marketing PartnerIndustry association that endorses the MHI Fund for floral industry businesses. Contact: Rod Crittenden, Executive Vice President, 1152 Haslett Road, Haslett, MI 48840, 517.575.0110
• Sedgwick Claims Management ServicescoreImplementation/ SI/ Consulting PartnerThird Party Administrator handling claims processing and adjusting for all MHI Fund members. Members report claims within 24 hours through Sedgwick's online portal (MHI Fund Intake-7162), express fax (866.261.5795), phone (877.852.4155), or email ([email protected]). Access Code: MHI4savings
• RPS Regency (Fund Administrator)coreImplementation/ SI/ Consulting PartnerFund Administrator managing day-to-day operations of the MHI Fund including member services, premium billing, and administrative functions. Located at 1690 Watertower Plc 500, East Lansing, MI 48823. Phone: 800.686.6640

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• AF Group: Michigan-headquartered workers' compensation insurer serving niche trade associations and member-owned pools (e.g., food and beverage industries). Closely comparable business model of association-endorsed, industry-specific workers' comp coverage.
• Accident Fund Holdings: Largest Michigan-based workers' compensation carrier with multiple insurance entities and a strong focus on association-endorsed programs. Comparable in serving member-driven pools and industry-specific workers' comp offerings.
• Zenith Insurance Company: Specialty workers' compensation carrier focused on industry-specific programs and loss control services. Comparable emphasis on industry-tailored risk management and member/association-aligned distribution.
• ICW Group: Workers' compensation insurance carrier specializing in middle-market and niche industry programs with safety service offerings. Comparable in targeted, service-led workers' comp for specific industries.
• EMPLOYERS: Workers' compensation insurer focused on small and mid-sized businesses across niche industry segments. Comparable in serving specialized industry verticals with industry-tailored coverage.
• AmTrust Financial Services: Large multi-line specialty insurer with a substantial workers' compensation book, including small-business and program business. Comparable as a workers' comp provider serving small/mid-market industry segments.
• Midwest Employers Casualty: Excess workers' compensation carrier for self-insured employers and groups, with industry-specific program expertise. Comparable in serving self-insured workers' compensation structures.

Direct peers

• The Builders Group: Member-owned, self-insured workers' compensation fund serving the construction industry via association endorsements and profit-return programs. Highly comparable member-funded, trade-association-endorsed model to MHI Fund.
• WCF Insurance: Utah-based workers' compensation insurance company built around association endorsements and safety services for specific industries. Comparable in association-endorsed, industry-tailored workers' comp distribution.

Regional players

• CompWest Insurance Company: Regional workers' compensation carrier focused on Western U.S. small and mid-sized businesses with industry-specific programs. Comparable niche-industry workers' comp approach in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mhi-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 MHI Fund