Fund new initiatives aimed at reducing property or liability loss exposure.
The Risk Management Grant program was established in 2009 and provides members with 1% of the MIABC’s equity each year to fund new risk management initiatives. This is equivalent to returning 4.5% of annual premiums to our members. The grant program has proven to be an extremely valuable risk management tool for our members. Since its inception, we’ve provided over $3 million in funding.