About LHBA GL Trust

LHBAGLT provided us an experienced legal team that was very helpful and compassionate to what we were going through. I shudder to think what could have happened without the support of Louisiana Home Builders Association’s General Liability Trust.

Lisa McDaniel, CMAC Construction

For Builders. By Builders. Run By Builders.

The Louisiana Home Builders Association General Liability Trust is a separate legal entity from the Louisiana Home Builders Association. Unlike a typical insurance company, the Trust is controlled by a Board of Trustees that are builders and indemnitees of the Trust.

Potential assessments are capped at 50% of the applicable contributions (similar to premium) of members for a particular trust year.

The Trust declares all income as payable to the members in the form of dividends. The dividend distributions are paid as determined by the Board. As of 12/31/2022, the Trust has an accumulated member distribution payable of $15,720,659 and has paid over $10.7 million in dividend distributions as of 12/31/2022.

The Trust offers limits of $500,000 per occurrence / $1 million aggregate, $1 million per occurrence / $2 million aggregate and $2 million per occurrence / $2 million aggregate. The Trust is reinsured by an "A" rated insurance company.

Approved GL Trust agents are able to submit applications to the Trust's third party administrator, Risk Management Services, LLC (RMS), located in Metairie and Baton Rouge.  As Administrator, RMS implements the declared policies, procedures and directives of the Board and provides for the day-to-day administration of the Trust.  RMS is contracted to do all services including underwriting, issuance of the general liability indemnity agreements, accounting, audit, and loss control.

Are You Covered?

The Louisiana Home Builders General Liability Trust is unlike a typical insurance company. Created as a separate legal entity from the Louisiana Home Builders Association, we are governed by a Board of Trustees who are actual builders and members. We understand the complexities of your work and are committed to protecting it.

Impact By The Numbers

Over $11.4 million in dividend distributions

Accumulated member distribution payable of $15,720,659