AgriComp Group Earns First Texas Mutual Dividend

Texas Mutual Insurance Co. announced a $46,049 dividend to the AgriComp workers’ compensation purchasing group today. The group’s first dividend was based largely on its loss ratio.

By committing to workplace safety and helping injured workers return to productive employment, AgriComp members improve their chances of qualifying for future dividends.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends

In addition to potential dividends, AgriComp group members get a discount on their workers’ compensation premium. They also have access to free safety materials, including online videos, pamphlets, DVDs and an industry-specific safety plan.

AgriComp is open to more than 60 qualifying types of businesses in the agriculture community, ranging from farming to feed manufacturing, wholesale and retail nurseries, landscape contractors, growers, irrigation contractors and other green industry businesses.

Any licensed Texas agent can submit qualifying clients for consideration in the AgriComp purchasing group.

Source: Texas Mutual Insurance Co.