Business Details
Michigan Auto Dealers Self-Insured Fund
MADSIF, established in the early 1990s, is a Michigan auto dealer-owned and operated self-insured workers' compensation fund. Our primary mission is to control insurance costs over the long term while delivering comprehensive services to support dealers in claims management, MIOSHA compliance, and proactive loss control. With aggressive claims administration, low overhead costs, and a unique surplus program, we currently serve over 250 Michigan auto dealers, covering more than 15,000 employees. Our Board of Trustees, composed of dealers, directs service providers to maintain minimal costs through relevant loss prevention services and aggressive claims management, ensuring surplus is invested and returned to members. This structure contrasts with commercial carriers, where pricing and services depend on market conditions, surplus benefits shareholders, and overhead costs are significantly higher.Our member retention rate is the highest in the industry, with dealers committing to long-term relationships without the need to shop for workers' compensation annually. We provide critical compliance services, including fit testing, forklift certification, hazardous material training, and safety webinars, saving members thousands in potential fines. Our loss ratio remains at 18% compared to the industry average of 79%, with 43% of annual surplus returned to members. This dealer-specific approach ensures tailored solutions, industry expertise, and a commitment to reducing regulatory burdens while prioritizing member satisfaction and trust.
Services
Claims Management
Loss Control Services
MIOSHA Compliance
Surplus Program
Safety Training
Payroll Audits
Policy Administration
Regulatory Compliance
Member Retention
Experience Mod Calculations
Highlights and features
- We offer 18% loss ratio vs. industry 79% average
- Our members receive 43% annual surplus returns
- We provide free MIOSHA compliance training saving thousands in fines
- We maintain 25% overhead costs vs. commercial carriers' 45%
- Our dealer-led board ensures member-centric decision making
Services
Claims Management
MADSIF provides comprehensive claims administration through experienced specialists. Our approach includes medical cost containment strategies, return-to-work programs, and proactive case management. This dealer-focused service ensures efficient resolution while maintaining cost control for Michigan auto dealerships.
Loss Control Services
Our proactive loss control programs help dealers prevent workplace injuries and regulatory violations. Services include safety audits, compliance training, and hazard identification programs tailored to automotive dealership operations. These preventive measures reduce claims frequency and regulatory penalties.
MIOSHA Compliance
MADSIF offers specialized MIOSHA compliance assistance including required training programs, documentation preparation, and inspection readiness services. This includes fit testing, forklift certification, hazardous material handling protocols, and emergency evacuation planning specific to automotive dealerships.
Surplus Program
Our unique surplus program returns 43% of annual surplus to members while maintaining financial stability. This dealer-owned structure ensures cost savings remain within the membership rather than benefiting external shareholders as with commercial carriers.
Safety Training
MADSIF provides mandatory safety training programs at no additional cost to members. These include forklift operator certification, hazardous material handling, emergency response protocols, and OSHA-compliant safety webinars tailored to automotive dealership environments.
People
Jennifer Monkiewicz
Fund Administrator
Jennifer oversees all MADSIF operations reporting to dealer trustees. She manages member relations, coordinates with regulatory agencies, and directs vendor partnerships while maintaining direct communication with Michigan auto dealerships.
Lindsey Krietemeyer
Underwriting/Bookkeeping
Lindsey handles day-to-day member interactions, policy administration, payroll audits, and financial calculations. She manages premium payments and experience modification factors while maintaining accurate bookkeeping records for all members.
Janiece Lambert-Mann
Controller
Janiece ensures financial compliance with regulatory requirements, prepares financial statements, and calculates member surplus returns. She maintains accounting standards through reconciliation processes and reporting to actuarial and state agencies.
Kevin Vanatta
Chairman
As Chairman of the Board of Trustees, Kevin represents dealership interests in strategic decision-making. He provides leadership in maintaining cost-effective operations while ensuring member-focused governance of the self-insured fund.
Bill Golling
Trustee
Bill serves as Trustee representing dealership members, contributing to policy decisions and oversight of fund operations. He brings industry experience from his dealership operations to ensure practical, member-centric governance.
Questions
What is MADSIF's primary service offering?
MADSIF provides self-insured workers' compensation coverage specifically for Michigan auto dealers, including claims management, loss control services, and MIOSHA compliance support.
How does MADSIF benefit auto dealers?
We offer lower loss ratios (18% vs industry 79%), annual surplus returns (43%), free compliance training, and reduced overhead costs (25% vs commercial 45%).
Who governs MADSIF operations?
A Board of Trustees composed of Michigan auto dealers directs MADSIF operations, ensuring member-centric decision-making and cost control.
What compliance services does MADSIF provide?
We offer MIOSHA compliance training including fit testing, forklift certification, hazardous material handling, evacuation planning, and safety signage programs.
How does MADSIF handle claims management?
Our aggressive claims administration approach keeps costs low through medical cost containment, return-to-work programs, and experienced claims specialists.
What is MADSIF's member retention rate?
We maintain the industry's highest retention rate with over 250 Michigan auto dealers committed to long-term relationships without annual policy shopping.
