The Missouri Restaurant Association formed the MRA Insurance Trust (MRAIT) to provide qualified MRA members with low-cost, well-administered workers’ compensation insurance. MRAIT was formally created November 1, 1992, under the self-insurance laws and regulations of the Missouri Division of Workers’ Compensation.

MRAIT brings smaller companies the advantages of self-insurance enjoyed by large companies.

Since inception, MRAIT showed a surplus of more than 35%. Participants saw their costs reduced up to 52%, based upon their losses.

• Why MRAIT Self-Funded Worker’s Compensation?
• How Does MRAIT Work?
• How Does MRAIT Save Me Money?
• Does Self-Insurance Work?
• How Do I Take Advantage of the MRAIT Program?
• Authorized Agents

Visit the MRAIT Website by clicking the following link: http://www.mrainstrust.com/

WHY MRAIT SELF-FUNDED WORKER’S COMPENSATION?

• Save money. Improve your profits. Hold the line on ever increasing overhead. Gain a competitive cost advantage. Self-funding is the future of workers’ compensation. That’s why large companies in all industries self insure.
• Be an owner, not a premium-payer. You and your fellow restaurant operators own and operate the plan. No bureaucracy. Effective claims management. You retain interest income and profits. Owners manage their risks and reap the profits – not the insurance company.
• MRAIT will manage risks not just pay claims, with a high level of service. You will be kept completely informed on claims each month and involved in claims management and settlements. Injured employees will be served quickly and fairly to avoid unnecessary litigation.
• Stringent loss-control required of all participants to save claims and money. All participants are required to meet loss-control requirements, follow claims management procedures and implement the MRAIT-designed safety program. Safe, well-managed workplaces mean fewer claims and increased surplus returned to participants.
• MRAIT has enjoyed a 45% loss ratio. Low claims mean high profits to you.

• Self-funded workers’ compensation funds are approved by the Missouri Division of Workers’ Compensation after meeting stringent financial, underwriting and loss control requirements. Funds are carefully regulated and monitored by the Division to ensure financial stability and protection of the employee and the employer.
• A seven-member MRAIT Board of Trustees oversees all activities. All trustees are successful restaurateurs and participants in the, fund. You become an owner of the MRAIT program, with voting rights and sharing in the savings. You’ll have the security of careful oversight by fellow Missouri Restaurant Association members.
• Participating members define eligibility and underwriting standards, ensuring that participants are quality operations and good risks. Loss control is required of all participants. (Self-funded programs are proven to have lower losses and greater savings.)
• You will receive monthly loss reports on your account, as well as regular reports from the board of trustees. MRAIT has retained a professional third-party administration company to manage underwriting, claims, loss control and administration. Gallagher Woodsmall Risk Services has extensive experience managing self-funded workers comp programs.
• The MRAIT program is protected by reinsurance on total losses and large individual claims. You are protected against catastrophic losses.

• Lower losses means lower costs to YOU. MRAIT is proven to have a low loss ratio thanks to the efforts in safety and loss control by the participating MRAIT members. You have real incentives for safety and loss control. The money you save is your own!
• Your rates and premiums are set by MRAIT. MRAIT sets its own rates based on its own experience. Rates are currently set well below manual rates and MRAIT will have the opportunity to further adjust rates based upon its performance history. The goal of our insurance trust is the lowest cost with maximum member security. Remember: Profits are returned to the participants, not the insurance company.
• MRAIT has significant cost advantages. MRAIT is not subject to the “assigned risk pool assessment” required of insurance companies, which has ranged as high as 20%, and it is not subject to certain taxes. It has lower sales commissions.
• MRAIT has lower expenses. No overhead, salaries, offices. MRAIT is a lean operation, managed like your business.
• Interest income is returned to you, NOT the insurance company. Investments are conservatively managed under state requirements. Interest on funds and reserves are returned to the participants – returning over $100,000 to participants annually.
• Convenient, money-saving payment plan 30% down, seven monthly payments.