Texas Mutual Insurance Company announced a $335,220 dividend to the National Federation of Independent Business (NFIB) workers’ compensation purchasing group for manufacturers. The group has earned more than $878,000 in workers’ compensation dividends since 2007.
Group dividends are based largely on the NFIB manufacturing group’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.
NFIB manufacturing 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:
NFIB manufacturing is open to qualifying light-manufacturing businesses. 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
Was this article valuable?
Here are more articles you may enjoy.