Maine State Group Trust
It's not Insurance . . .
Workers' Compensation Self-Insurance
The Maine State Workers’ Compensation Self Insurance Group Trust (MST) was created by a group of employers from various industries to join together to ensure the safety of their employees. They would like you to consider joining them. Members of MST receive the best loss prevention and claims management services available while also minimizing their workers’ compensation costs.
MST is one of the most successful, cost effective providers of workers’ compensation coverage in Maine. Created to benefit the members and their employees– not insurance carriers, it is made up of 18 employers with approximately 2,600 employees and has an incredible record of safety and lower costs.
As a group, the members work together to keep employees safe, reduce costs and maintain standards of excellence in all areas of the program. Premiums are consistently below market and during the last 25 years MST has refunded over $10 million, which is approximately 14% of all premiums paid.
The long-term Workers' Comp Solution
Why Workers' Compensation Group Self-Insurance?
- Control and stability over your workers’ compensation program
- Competitive pricing
- Premium refunds
- Long term approach to minimize cost and maximize benefits
- Self-Insured employers represent nearly 42% of the overall WC market in Maine (based on standard premium)
- Dedicated Service Team for Loss Control
– Customized Loss Prevention Programs
- Dedicated Service Team for Claims Management
– Aggressive Claims Management Programs
- Dedicated Service Team for Administration/Underwriting
- Access to numerous training programs
- Access to on-line claims management system 24/7
- Preferred candidates: Minimum $10,000 premium and
modification factor under 1.25
Maine State Group Trust
Providing workers' compensation protection since December 1993.
- Is safety part of your company culture?
- Are you passionate about providing a safe work environment that sends employees home happy and healthy at the end of each day?
- Do you want to reduce costs and maintain standards of excellence?
- Would you value association with leading Maine companies?
- Our members don’t pay insurance companies, we pay ourselves.
- The best safety expertise and support team in the industry.
- A collaborative approach that saves money and keeps our employees safe.
- Long term focus and savings unmatched in the industry.