Oil & Gas Businesses Earn Workers’ Comp Dividends

Texas Mutual Insurance Company recently paid a $1.8 million dividend to the Texas Oil and Gas Association (TxOGA) safety group. The workers’ compensation dividend was based largely on the group’s overall loss ratio.  TxOGA members have shared in $18 million in Texas Mutual dividends since 2001.

In addition to potential dividends, TxOGA members get a discount on their workers’ compensation premiums. They also have access to industry-specific workplace safety training materials in Texas Mutual’s Safety Resource Center.

Other employers interested in Oil & Gas safety should check out Texas Mutual’s Oil & Gas Safety Roundtable web page.

Any licensed Texas agent can submit qualifying clients for consideration in the TxOGA safety group. For more information, including qualifying class codes, visit texasmutual.com/agents/pr_txoga.shtm.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

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