Texas Mutual Insurance Co. announced a $471,031 dividend to the Texas Machinery and Equipment Dealers (TM&E) workers’ compensation purchasing group. The group’s third annual dividend grew $383,228 over last year, largely due to its growing premium volume and favorable loss ratio.
By committing to workplace safety and helping injured workers return to productive employment, TM&E members improve their chances of qualifying for future dividends, the insurer reported.
In addition to potential dividends, TM&E members get a discount on their workers’ compensation premium. They also have access to free industry-specific safety materials, including online videos, pamphlets, videos, DVDs and a written safety plan.
Source: Texas Mutual Insurance Co.
Topics Texas Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Developer Downplays Structural Concerns at ‘Unstable’ Midtown Manhattan Tower 
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria 
Travelers Builds Insurance-Specific LLM 
CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea 
