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Texas Mutual Dividend Helps Nonprofits Continue To Serve

31 Jul, 2009 WorkersCompensation.com

                               
Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company, the state's leading provider of workers' compensation insurance, announced a $179,324 dividend to the Social Services Agencies of Texas (SSA) purchasing group today. 

The dividend is based largely on SSA's commitment to preventing workplace accidents and helping injured employees return to work.

“In these difficult times, every dollar counts,” said Priscilla Archer of Care Providers Insurance Services LLC, the group's administrator. “We partnered with Texas Mutual to help nonprofit organizations stretch their budgets. This dividend will help our clients continue to serve their communities.”

SSA group members have shared in more than $1 million in group dividends since 2005. Members are also eligible to participate in Texas Mutual's individual policyholder dividend program. The company has distributed more than $733 million in group and individual dividends since 1999:
• Texas law allows employers in similar industries to buy their workers' comp insurance as a group.
• The SSA purchasing group is open to qualifying community action agencies, senior citizen programs, after-school programs and other social service agencies.
• 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.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

About Texas Mutual Insurance Company
 
Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers.

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