Independent Business Group, Texas Mutual Partnership Yields Dividend

Texas Mutual Insurance Co. announced a $283,291 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The workers’ compensation dividend was based largely on the group’s loss ratio.

NFIB manufacturing has earned $1,161,317 in Texas Mutual dividends since 2007. By committing to workplace safety and helping injured workers return to productive employment, 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, NFIB manufacturing 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.

Any licensed Texas agent can submit qualifying clients for consideration in the NFIB manufacturing group.

Source: Texas Mutual Insurance Co.