Equipment Dealers Earn Texas Mutual Workers Comp’ Dividend

June 10, 2009

The Texas Machinery and Equipment Dealers (TM&E) purchasing group has earned an $87,803 workers’ compensation dividend from Texas Mutual Insurance Company. The dividend is based largely on the group’s overall loss ratio.

TM&E has earned $133,500 in group dividends during the past two years. Group dividends are separate from the $75 million in individual policyholder dividends that Texas Mutual’s board approved in May. TM&E members may receive dividends under both programs.

In addition to potential dividends, TM&E members get a percent premium discount and an industry-specific safety plan. Most can earn an additional 12 percent annual premium discount by enrolling in Texas Mutual’s workers’ compensation health care network.

TM&E is open to all types of machinery and equipment dealers. Any licensed Texas agent can submit qualifying clients for group membership.

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Source: Texas Mutual Insurance Company

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