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Name: Maryland Restaurant & Hospitality Self Insurance Fund
Status: Owned by RAM members in the fund
Administrator: WillisHRH
Contact: Selina Brandenburg
Phone: 410.584.8412 |
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Please review the updated (08/05) Bylaws (.doc or .pdf) and Trust Agreement (.doc or .pdf)
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Downloadable Resources:
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 Employment Practices:
15 Ways to Save! |
Healthy Employees Foster Healthy Profits |
Training and Communication:
19 Ways to Save! |
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Background:
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Established in the summer of 1993, the fund was designed to offer an alternative to other plans that offered notoriously high rates to restaurants due to the "high risk" nature of the work performed (risk of cuts, burns, slips, strain etc.). The fund was the first of its kind (self-insured group) in the State of Maryland. Participants in the fund are required by law to be members of RAM. The goal of this program is to provide quality service, competitive rates and return dividend premiums to members during exceptional performing years. |
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Benefits:
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- Highly attractive rates
- Payroll calculation excludes tips
- No "expense constant" charges (typically $100 -$160 fee charges by many plans)
- Large network of qualified agents
- High standards for acceptance
- Litigation of fraudulent claims
- Prompt service
- Component partners network
- Focus on loss prevention and control
- Rapid reporting
- Close monitoring of employee progress
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Guidelines:
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- $1,000 in premium minimum
- Good Claims History
- 2-3 years ownership or management experience
- No Delivery Permitted
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