Flood & Peterson Insurance of Greeley, Colo., has distributed $2.9 million in workers’ compensation dividend checks to 1,600 Colorado clients as a reward for maintaining safe workplaces and because of the company’s health and stability.
Flood & Peterson works with clients to limit workplace risk and improve safety, which leads to lower insurance premiums, increased productivity and profit. Based on the reduction in loss trends, the company, a Pinnacol Assurance agent, distributed the dividend checks.
“It’s satisfying to reward customers who turn to Flood & Peterson for business advice on how to keep their workplaces safe,” said Bob Murphy, Flood & Peterson’s vice president. “Our goal always is to protect our clients’ balance sheets, lower insurance rates and increase their profitability.”
This is the third consecutive year Pinnacol has issued a dividend to policyholders. Dividend checks are calculated based on the size of a policyholder’s annual premium compared to claims costs. The average 2007 dividend check was about $1,100.
Statewide, Pinnacol issued $60 million in dividend checks to nearly 56,000 qualifying businesses – roughly 93 percent of its policyholders.
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Source: Flood & Peterson
Topics Flood Workers' Compensation
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