Texas Mutual Insurance Company announced its newest workers’ compensation purchasing group: Texas Green Industry.
The group, which includes growers, landscape contractors, nurseries, and other green industry businesses, will provide qualifying members with a competitive option for workers’ comp coverage.
The Texas Department of Insurance (TDI) allows employers in similar businesses to form purchasing groups to help reduce their workers’ comp insurance premiums, and insurance agents play a role in forming the groups. Hotchkiss Insurance Agency Inc. (HIA), the administrator for the new group, requested that TDI designate the group as an “open” program. Open program groups allow any Texas insurance agent to place a qualifying client into the group.
“The green industry is a $9.6 billion powerhouse in Texas,” said Doug Hotchkiss, HIA president. “As a whole, the Texas green industry has an excellent loss ratio which can be directly attributed to the commitment to professionalism and safety exhibited by many of the TGI employers.”
Texas Mutual Insurance Company will apply the same premium discount to each Texas Green Industry group member, regardless of its individual premium size. The safety program will also give group members the opportunity to earn potential group dividends, in addition to any general dividends that their businesses may qualify for individually. Group members also will benefit from claim and loss prevention services, including a Texas Mutual safety plan developed specifically for green industry businesses.
For more information about the Texas Green Industry group, contact Susan Shahon at the Hotchkiss Insurance Agency by e-mail at email@example.com .
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