LCI Workers’ Comp (Louisiana Construction and Industry Self Insurers Fund) was founded in 1989 with a singular focus on small and mid-sized businesses. Today, we have over 4,000 companies (businesses we write) in our portfolio. We are committed to the success of these members. And while we do offer significant savings for small businesses whenever possible. Our true value is our willingness to provide incomparable service—to agents and members alike. Because when the need arises, it’s the little things like altering our hours of operation or other standard procedures that make all the difference to the people we serve.
Inclusion in Westport’s Professional Liability Coverage:
The Independent Insurance Agents & Brokers of America recently added our program to its exclusive list of accepted funds. With over 50 years’ experience, Westport is highly selective about providing insolvency coverage for group self-insurance funds. To be selected, a fund must provide financial statements, actuarial review, and full documentation regarding its operations, profitability, stability and reinsurance. We are proud of our ability to offer Louisiana agents access to this important coverage.
Statutory Excess Insurance Through Chubb:
The support of our agents and the good loss experience of our members have made possible our reinsurance arrangement with Chubb. Chubb is rated A++ (Superior) XV by AM Best and has assets of over $200 Billion. Thanks to this agreement, which provides for full statutory excess coverage, our members have enjoyed an unprecedented level of security backed by a partner with enormous resources.
FAQs
What is LCI Workers’ Comp?
LCI Workers’ Comp is a group self-insurance fund organized in 1989 in Louisiana under R.S. 23:1195. The full name of the fund is Louisiana Construction and Industry Self Insurers Fund.
Who regulates LCI Workers’ Comp?
The Louisiana Department of Insurance.
What is LCIA? What does it do?
LCIA is the Louisiana Construction and Industry Association, the member services arm of LCI Workers’ Comp. LCIA organizes educational workshops and events for members of LCI Workers’ Comp. LCIA hosts events, including: educational workshops, community forums, and business (and social) networking events.
What is the Urban Conservancy?
The Urban Conservancy, a non-profit organization based in New Orleans that advocates for locally owned businesses, is the sponsoring association for LCI Workers’ Comp.
What is LCI Workers’ Comp Fund Year?
LCI Workers’ Comp’s “fund year” runs from January 1 through December 31. LCI Workers’ Comp’s coverages are issued on an annual basis from the date of inception.