MHI Fund
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.
- Company typePrivate
- Founded1993
- HeadquartersEast Lansing, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
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.
MHI Fund firmographics
Firmographics- 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
MHI Fund industry classification
Industry- 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
Where MHI Fund is headquartered
LocationHeadquarters
- HQ city
- East Lansing
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MHI Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom workers' compensation coverage based on risk profile |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
MHI Fund product offering
Product offeringCore 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
Companies that use MHI Fund
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
MHI Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MHI Fund partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Michigan Nursery and Landscape Association (MNLA)coreIndustry 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 AssociationcoreIndustry 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 ServicescoreThird 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)coreFund 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
MHI Fund competitors and assessment
Company assessmentBroad 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
MHI Fund social profiles
Digital presenceMHI Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
MHI Fund leadership team
Management profileNumber of profiles
Profiles8 records
MHI Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MHI Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MHI Fund
What does MHI Fund do?
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.
Is MHI Fund a public or private company?
MHI Fund is a private company. It is classified as management employee owned and is currently operating.
When was MHI Fund founded?
MHI Fund was founded in 1993. It employs 1 to 10 people.
Where is MHI Fund based?
MHI Fund is headquartered in East Lansing, United States, in the North America region.
How does MHI Fund make money?
One revenue line is on record: workers' Compensation Premiums.
Who are MHI Fund's main competitors?
Broad incumbents on record are AF Group, Accident Fund Holdings, Zenith Insurance Company, ICW Group, EMPLOYERS, AmTrust Financial Services and Midwest Employers Casualty. Direct peers are The Builders Group and WCF Insurance. CompWest Insurance Company is listed as a regional player.
Does MHI Fund have an API?
No public API is recorded for MHI Fund.
What industry is MHI Fund in?
MHI Fund's product category is Workers' Compensation Insurance. Its primary akta.pro industry code is FSAJAEAD, Self-Insured Workers’ Compensation Programs. Its NAICS code is 525190 and its SIC code is 6331.