Green Industry Group Nears $3M Texas Mutual Dividend Mark

Texas Mutual Insurance Co. announced a $195,811 dividend to the Texas Green Industry (TGI) purchasing group, pushing that group’s total dividends toward the $3 million mark.

TGI has earned $2,838,848 in Texas Mutual dividends since 2005. The workers’ compensation dividends are based largely on the group’s loss ratio.

Although dividends must be approved the insurance department, by committing to workplace safety and helping injured workers return to productive employment, group members improve their chances of qualifying for future dividends. Past dividends are no guarantee of future dividends.

In addition to potential dividends, TGI 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.

TGI is open to qualifying 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 TGI purchasing group.

Source: Texas Mutual Insurance Co.