Pinnacol Assurance announced it is distributing general dividend checks to its customers totaling $70 million.
This is the fifth straight year the state’s largest workers’ compensation provider has distributed dividends.
Most (95%) of Pinnacol’s policyholders are eligible to receive a dividend, comprising more than 50,000 employers throughout the state.
The average dividend check will be $1,319. Checks started to be mailed beginning March 24, according to the company.
The general dividend is a portion of a mutual insurance company’s surplus returned to its customers. Pinnacol bases eligibility on commitment to safety with timely claims reporting and investments in safety education, technology and equipment.
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