Sep 9 2009
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced a $1,377,679 dividend to the CompGroup AGC purchasing group today. 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. By committing to workplace safety and helping injured workers return to productive employment, the group improves its chances of qualifying for future dividends.*
Get more information about dividends at http://www.texasmutual.com/news/dividendhistory.shtm.
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:
- Texas law allows employers in similar industries to buy their workers’ comp insurance as a group.
- 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.