Texas Mutual Insurance Company announced a $2,112,299 dividend to the Texas Restaurant Association (TRA) purchasing group.
Texas law allows employers in similar industries to reduce their workers’ comp premiums by purchasing their coverage as a group. TRA is an approved purchasing group for restaurateurs. The group’s premium volume and loss ratio were factors in determining its eighth consecutive dividend.
“The restaurant industry employs a large number of young and often inexperienced workers who may not understand the importance of workplace safety,” said Richie Jackson, TRA executive vice president/CEO. “Our track record for dividends is a testament to this group’s focus on recruiting safety-conscious employers and, above all, working with employees to maintain a safe and productive workplace.”
Any licensed Texas agent can submit a qualifying client for TRA group membership. Visit the Agents section at www.texasmutual.com for more information.
Texas Mutual Insurance Company is the state’s leading writer of purchasing groups. The company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual
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