Risk Control Results in Texas Home Builder Group's First Dividend
Texas Mutual Insurance Company announced a $59,360 dividend to the Texas Home Builders (THB) workers' compensation purchasing group. The group's first dividend was based largely on its first-year premium volume and loss ratio.
"We're committed to the ongoing education of every Texas home builder so that they take full advantage of the workers' compensation laws that were written exclusively for their industry," said Anne Davis of Hotchkiss Insurance Agency, the group's administrator. "The THB program allows the home builder to gain education, risk control and participate in the state's best policyholder dividend programs."
Any licensed Texas agent can submit qualifying residential general contractors for consideration in the group. Besides potential group and individual dividends, members get a premium discount and an industry-specific safety plan.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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