By controlling its losses, the Texas Green Industry (TGI) workers’ compensation purchasing group earned $637,511 dividend from Texas Mutual Insurance Company.
Texas Mutual says TGI has earned more than $1 million in group dividends since 2005.
The insurer bases dividends largely on each group’s overall loss ratio. The lower the group’s loss ratio is, the higher its dividend earning potential.
Dallas-based Hotchkiss Insurance Agency is the administrator for the TGI group. Hotchkiss gives every TGI member a safety manual designed specifically for the green industry. The agency also encourages members to use the free safety resource center at www.texasmutual.com.
The resource center includes tools that help employers identify the root causes of accidents, compare their incidence rate with others in their industry, and order DVDs, videos and other safety training materials.
Source: Texas Mutual Insurance Company
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