Workers’ compensation insurer, Texas Mutual Insurance Company, announced a $1,377,679 dividend to the CompGroup AGC purchasing group. The group, which includes qualifying Associated General Contractors members, has earned nearly $14 million in dividends since 2002.
The group dividends are based largely on CompGroup AGC’s favorable loss ratio. Although not guaranteed, by committing to workplace safety and helping injured workers return to productive employment, the group improves its chances of qualifying for future dividends.
CompGroup AGC members are also eligible to participate in Texas Mutual’s individual policyholder dividend program. The company has distributed more than $670 million in individual dividends since 1999.
CompGroup AGC is open to contractors and subcontractors. Group members get a discount on their workers’ comp premium and an industry-specific safety plan.
Any licensed Texas agent can submit clients for consideration.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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