Accident Fund Holdings wants to keep your workplace safe. Founded in 1912, the company is the largest non-governmental specialty writer of workers' compensation insurance in the US; it serves more than 50,000 businesses nationwide. Its main subsidiary, Accident Fund Insurance Company of America, does business with small and midsized companies, but also provides third-party administration (TPA) and loss prevention services. Three other subsidiaries -- CompWest, Third Coast Underwriters, and United Heartland, provide regional coverage. Accident Fund sells its products through a network of independent agents. Formerly state-owned, Accident Fund operates as a for-profit subsidiary of Blue Cross Blue Shield of Michigan.
The 100-year-old company has expanded through acquisitions as well as through strengthening agency partnerships. In 2010 it formed Third Coast Underwriters as a specialty business for hard-to-insure workers' compensation risks in three Midwestern states -- Illinois, Iowa, and Missouri. In 2007 it expanded its operations in California by acquiring CompWest Insurance. In late 2005 the company acquired United Heartland from WellPoint, which operates in five Midwestern states. All three are run as independent workers' compensation subsidiaries of Accident Fund.
Accident Fund actively promotes accident prevention by honoring exceptionally safe companies and through safety certification programs. It teams up with area hospitals and schools to educate high school students on the consequences of workplace injuries and encourage safe behavior. The program involves participants tackling a number of tasks without the use of body parts most commonly lost in on-the-job accidents. – less