Texas Mutual Insurance Co. announced a $471,031 dividend to the Texas Machinery and Equipment Dealers (TM&E) workers’ compensation purchasing group. The group’s third annual dividend grew $383,228 over last year, largely due to its growing premium volume and favorable loss ratio.
By committing to workplace safety and helping injured workers return to productive employment, TM&E members improve their chances of qualifying for future dividends, the insurer reported.
In addition to potential dividends, TM&E members get a discount on their workers’ compensation premium. They also have access to free industry-specific safety materials, including online videos, pamphlets, videos, DVDs and a written safety plan.
Source: Texas Mutual Insurance Co.
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