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Worker's Comp
Group Dividend Program
Members of the Chamber with good Workers Compensation loss
history are eligible for an
additional 4% Association Discount from their Workers’ Compensation
Insurance Premium with Pinnacol Assurance. The Chamber and Pinnacol
Assurance sponsor the Workers Compensation Dividend Program. Brown &
Brown, Hinkle Insurance Agency, Six & Geving Insurance, Inc., Van Gilder
Insurance, and Wells Fargo Insurance administer this Group Dividend
Program on behalf of the Chamber. The benefits of the Group Dividend
Program include increased Safety and Awareness for your employees, the
opportunity to obtain Cost Containment Certification, the additional 4%
Association Discount and sharing in any future Group Dividends.
Chamber Members with good Workers’ Compensation loss history ratio
receive the additional
Group Discount. The aforementioned brokers can also assist members in
obtaining Cost
Containment Certification, an additional 5% discount.
Below is additional information about the Chamber’s Workers Compensation
Dividend Program:
(Source of information, Pinnacol Assurance)
• LARGEST Chamber Program in Colorado with Pinnacol Assurance
• Sixth Largest Group Association statewide with Pinnacol (out of 66
statewide)
• How large is the Chamber Group? Approx. $5 million premium, 200
members
• The benefits of being in the Group 4% up-front discount to eligible
policyholders,
potential for annual dividends, Safety Seminars for Management and
Employees
• Although Group Dividends are not guaranteed and have not been paid
every year, the
average dividend returned over last five years is 10.8%
• This means that for every premium dollar spent, on average, $.10 per
dollar is going back
to the Chamber members in the Group Association
The Chamber Workers Compensation Association is member managed, what
does that mean? A Safety Committee, made up of at least six Chamber
Members, manages the Group while receiving input from Pinnacol Assurance
and participating Brokers.
What is required of Members to join and participate in the Chamber’s
Association Program?
Initial 3 year Loss ratio under 70%, agree to complete a six step Safety
Program in 2 years, attend annual safety seminar.
How does a Member join the Group? Contact one of the participating
Brokers that represent the Chamber Group. |
