Welcome To The HomeBuilders SIF!
We're Glad You're Here.
Builders and contractors have unique needs when it comes to their workers' comp coverage. The HomeBuilders Self Insurers Fund understands this, as the Fund began in response to the turmoil of the commercial insurance marketplace back in the late 70's. Insurance carriers were exiting Louisiana, and builders and contractors were faced with rising insurance costs, poor service and mounting problems. The answer was the HomeBuilders Self Insurers Fund (HomeBuilders SIF), a workers’ compensation program built specifically for the construction industry.
Built by Builders and Contractors
The program was built by a group of visionary builders with an eye towards longevity, affordability and financial stability. These three tenets remain as the foundation for the Fund today:
Longevity – While literally hundreds of insurance companies have come and gone over the years in Louisiana, this program has held firm to its original mission of always being available for the construction industry. Our participants know that the HomeBuilders SIF is one of the very few programs that have consistently offered workers' compensation coverage to businesses in Louisiana for more than thirty years. We are long term.
Affordability – Workers’ comp rates may change over time, but contractors need to know they will not experience wild fluctuations in their overall insurance pricing from year to year. While the Fund has implemented modest rate increases over the years, we have also reduced overall rates on a number of occasions. Our goal is to offer consistently competitive rates to our fund participants, year in and year out. We are competitively priced.
Financial Stability – Since 1994 alone, nearly $72 Million has been returned to active, qualifying fund participants (as of June 30, 2013). As a participant in this program, you benefit from the success of the program. We are financially sound.
Not Just for Builders Anymore
The original mission of the Fund may have been to serve home builders, but today our program helps so many more. Not only are residential and commercial builders enjoying the success of the program, but we also now provide workers’ comp to many trade contractors, suppliers and a host of related industry businesses.
Again, Welcome to the HomeBuilders SIF. We really are glad you're here.