You are here

How the Fund Works

The Michigan Cleaning Fund, administered by RPS Regency , is owned by its members and operates similar to an insurance company – providing the same employer protection and paying claims to employees injured on the job. The Fund saves members money by operating with reduced overhead, aggressively managing its claims and through industry-specific loss control efforts. The money that is not used to pay for claims, and any investment income, is returned back to the members over time.

 As the Fund ages, members receive profit returns from a number of Fund years. Also, the MI Cleaning Fund is protected from large losses by the purchase of excess loss insurance, further enhancing stability and profitability. Over the Fund’s history, members have received profit returns equal to 50 percent of the premiums paid.