Louisiana Agricultural Corp
The Louisiana Agricultural Corporation Self-Insured Fund (LAC-SIF) was established in 1988 as a self-funded alternative for workers' compensation coverage, particularly tailored for employers in North Louisiana involved in cotton ginning, farming, and related agricultural operations. With a focus on loss control services and superior claims management, it aims to provide competitive premiums while being managed by a dedicated board of trustees without compensation.
Operating under the guidelines of Louisiana Workers' Compensation Law, LAC-SIF is designed for members who adhere to stringent membership criteria, including maintaining a favorable loss ratio and compliance with safety regulations. Over its 22 years of operation, the fund has returned significant savings to its members, emphasizing the importance of diligent safety practices in achieving lower workers' compensation costs.
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