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Texas Mutual, NFIB Partnership Pays Dividends For Small Businesses

25 Nov, 2008 WorkersCompensation.com

                               Austin,TX (CompNewsNetwork) - Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers today. The group has earned more than $542,000 in dividends since 2007, largely by controlling its workers' compensation losses.
 
NFIB is the nation's largest small-business advocate. Its Texas chapter partners with Texas Mutual to offer a purchasing group for most segments of the light-manufacturing industry.
 
For NFIB member L. F. Manufacturing Inc. in Giddings, the dividend was a welcome surprise in today's troubled economy.
 
"These are uncertain economic times, especially for small businesses like ours," said Chris Johnston, president and CEO of L. F. Manufacturing Inc.  "We have to be prepared for whatever might happen. We're putting our dividend right back into our business."
 
Any licensed Texas agent can submit qualifying clients for membership in the NFIB manufacturing group. For more information, visit the Agents section at texasmutual.com.
 
Texas Mutual notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

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