Texas Mutual Insurance Company announced a $2,944,577 dividend to the Texas Restaurant Association (TRA) workers’ compensation purchasing group.
TRA has earned $13,815,630 in workers’ compensation dividends since 1999.
“Our members’ commitment to workplace safety results in the positive history of dividend earnings this program has experienced over the past decade,” said Richie Jackson, TRA chief executive officer.
Group dividends are based largely on TRA‘s favorable loss ratio. By committing to workplace safety and helping injured workers return to productive employment, the group improves its chances of qualifying for future dividends.*
TRA 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:
Texas law allows employers in similar industries to buy their workers’ comp insurance as a group.
TRA 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 in the group.
Source: Texas Mutual Insurance Company
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