The benefits of choosing Trifac

• Overall lower rates - Rates are based on the group’s actual claims history. Rates are developed annually by an independent actuary. These rates are then formally set by the Fund’s Board of Directors, which is elected by the members.
• Lower Cost of Losses / Lower Claims Costs - The group contracts with a qualified and state certified Third Party Claims Administrator to effectively manage the claims process and help reduce the overall cost of loss.
• Self-Insurance limits the group of members to the Minnesota operations of homogeneous businesses.

Control Costs Group Self-Insurance for your Workers’ Compensation is a long term, cost effective alternative as it provides savings and price stability. Insurance companies are in business for a profit. Self-Insurance allows the profit to be retained by the members. Your commitment to employee safety keeps the cost of insurance down.

Control Price Stability With traditional insurance your Worker’s Compensation Premiums generally rise and fall based on the standard market. Self-Insurance provides Price Insulation as the members pay based on the actual claims costs of your group.

Control Who You’re Insured “With” Group Self-Insurance in Minnesota* means you are insured with businesses like yours here, in Minnesota. Members have similar business operations and use a common voice in the direction of the fund. The TRIFAC Fund is managed by a Board of Directors that is made up of members of the Fund - a Board of your peers in the Minnesota manufacturing industry.

*Partnering with Star Insurance Company, coverage is available for other states in which you may operate.

Claims Management We ask for and value your input during the claims process. We work with you to get an employee back to work. Claims are handled with full knowledge that it is the member’s contribution funding the payments. All TRIFAC members agree to have a plan in place to return workers as soon as possible.

Loss Control The Fund’s loss control services are a resource available to each member. The Fund contracts with Meadowbrook Loss Control Services. In addition to developing general loss reduction strategies, these consultants have developed specialized loss control efforts tailored to specific needs. We are able to assist our members in reducing the potential for employee injuries. The board believes that employees at all levels of the member’s organization must actively participate in the management of risk. The Loss Control services are more than model policies. The suggested policies are supplemented with on site loss control staff, training materials, self-assessments and critical issue checklists. There is an increased emphasis on focused general loss reduction strategies and developing loss control efforts tailored to the member’s specific needs. The TRIFAC Fund provides on-site training, OSHA related training, and regional loss control and safety seminars.