Why do Alabama employers choose to partner with THE FUND to handle their workers’ comp commitment?


We are one of the largest workers’ compensation providers in the state, covering over 150,000 Alabama employees with payrolls exceeding $6 billion.


Serving Alabama businesses since 1978, we have a proven record of service.


We have produced nearly half billion dollars in assets.


Short term, we offer competitive initial pricing. Long term, we help control the cost of claims which can reduce an employer’s individual cost. In addition, excess funds are returned to eligible members through the Retrospective Return Plan.

The Fund has returned $271 million in retro renewal credits since 1978.

The deciding factor, however, may be deeper rooted. We are 70 people working together in one focused, mutual effort, handling worksite safety and injury across the state. We focus on just workers’ compensation in Alabama—no other types of coverages. We know the employees, employers, and the medical and legal community. We have no excuse for not being the best at what we do.


THE FUND Fast Facts

  • Sponsoring Association: The Business Council of Alabama, Montgomery, Alabama
  • Service Organization: Employer’s Claim Management, Inc., Montgomery, Alabama
  • Regulated By: Alabama Department of Labor, Montgomery, Alabama
  • Certified Public Accountants: Sovereign CPA Group, LLC, Birmingham, Alabama and Hardman LLC, Dan C. Hardman, CPA, Blountsville, Alabama
  • Cross Border Carrier: Sentry Insurance Company – A.M. Best Rated A+ (Superior)
  • Investment Advisors: Merrill Lynch – The Runkle/Chambliss Group, Montgomery, Alabama
  • Excess Carrier: Midwest Employers Casualty Company – A.M. Best Rated A+ (Superior)
  • Actuaries: Willis Towers Watson, Atlanta, Georgia and Bickerstaff, Whatley, Ryan & Burkhalter, Madison, Mississippi.
  • Membership: Alabama companies in various industries
  • Founded: 1978


Safe work environments and swift recovery from injury requires commitment and effort at the highest company level. Those efforts produce more than just reduced insurance costs, it improves morale, motivation and productivity.

THE FUND is committed to promoting worker’s compensation awareness with all its member companies.


Our goal is to work with employers in controlling their workers’ compensation cost. One of the most effective ways to accomplish this goal is by implementing and maintaining an effective safety program that helps prevent workplace accidents. The claim frequency for the group of employers that we serve has been reduced by more than 45% over the past ten years.


$265 Million In Retro Renewal Credits Since 1978

We’re putting money back in the hands of Alabama employers.

  • The Retrospective Return Plan is a controlled method of returning excess funds accumulated due to favorable operating experience to the membership.
  • The return plan uses an actuarial formula to determine when returns to members should be made.
  • The retrospective return formula was devised by Willis Towers Watson, a nationally recognized actuarial firm, to provide for the accumulation of adequate amounts of retained funds before returns may be made to Fund members.
  • A fund year must mature two years before it can be considered in the formula.
  • The experience-driven formula allows the balance in the retro reserve to be used to offset potential future adverse experience or to make returns to members. This feature helps insulate members from adverse experiences and rewards members when experience is favorable.


Robert Adams

President, Revere Control Systems Inc
Birmingham, Alabama

  • Provides professional expertise in the latest control system technologies to help end users and OEM’s improve operations.
  • Trustee since 2016

Thomas N. Cordell

President, Hardy Corporation
Birmingham, Alabama

  • Mechanical Contractor
  • Trustee since 2008

Cindy Fravert

CFO, Fravert Services, Inc.
Birmingham, Alabama

  • Comprehensive signage design, wayfinding, fabrication and installation services.
  • Trustee since 2017

Don Hendry

President, Pinson Valley Heat Treating Company Inc
Pinson, Alabama

  • Provides heat treating and related services to the manufacturing industry.
  • Trustee since 2016

Amy Niesen

Vice President/General Counsel, Land Title Company
Birmingham, Alabama

  • Provides quality statewide title and escrow services.
  • Trustee since 2014

Sherman Pitts

Chief Financial Officer, Red Diamond Inc.
Moody, Alabama

  • Provides coffees and teas; and private labels for grocery stores and foodservices companies and installs, maintains, and services various coffee and tea products equipment.
  • Trustee since 2018

Bobby Vaughan

New Water Street Corporation
New York, New York

  • PGA golf professional and golf course architect for the Retirement Systems of Alabama and Alabama Real Estate Holdings.
  • Trustee since 1998
Kristina Wilson

Kristina Wilson

Chief Financial Officer,
Jay Industrial Repair
Birmingham, AL

  • Service and manufacturing business focused on quality repair and maintenance solutions for industrial electric machines and turbine equipment.
  • Trustee since 2020
"An environment that promotes safety and health ensures our team members can focus on what they do best - providing service that surprises. Employer’s Claim Management (The Fund’s service provider) has been a valuable partner in supporting these goals. They focus on training to prevent. When a safety event does occur, Employer's Claim Management is quick to respond and efficient with their methods while keeping the employee’s health needs a primary concern."
Sherry Haag | Vice President Human Resources & Risk Management, ROBERT TRENT JONES GOLF TRAIL
"Today, we are experiencing lower claim costs and numbers because of our partnership with Employer’s Claim Management. Our case manager walks through our claims with us on monthly calls, follows up with physicians that are treating our employees and helps us to do what is right by our employees and our company. They are a true business partner. We truly appreciate their services."
Lee Brown | Director of Human Resources, PARADIGM INVESTMENT GROUP LLC
"In 2013 when I first got actively involved on our company’s safety committee, it was clear that we needed some expert help to revamp our corporate safety program. Steve Searle, of Employers Claim Management, asked to meet with me to discuss the specific changes he felt strongly we should consider. Together, he and I spearheaded Hardy’s new S.A.F.E. campaign to emphasize the important role our superintendents and foremen play in operating a safe jobsite, and building a true safety culture. Steve’s credibility with our field operations leaders has had a real impact on dramatically reducing our number and cost of workplace accidents over the last three years."