DALLAS - (Business Wire) Hotchkiss Insurance Agency, LLC announced a $105,407 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group today. The group’s premium volume and loss ratio were factors in determining its dividend. The THB-WC group, formed in September 2005 exclusively for home builders in Texas, provides qualifying members with a competitive option for workers’ compensation coverage. The announcement marks the second dividend payment for the group by Texas Mutual Insurance Company, the program underwriter.
The Texas Department of Insurance (TDI) allows employers in similar industries to reduce their workers’ comp premiums by purchasing their coverage as a group. The THB-WC Group is a TDI-approved purchasing group that is open to most residential general contractors, which includes home builders, engineers, architects and interior carpentry firms.
“During this economic downturn, home builders especially need the guidance of agents with expertise in their industry. Placement with the right insurance company is a key component to keeping business continuation costs low,” says Anne Davis of Hotchkiss Insurance Agency, the THB-WC Group administrator. “We’re committed to the ongoing education of every Texas home builder – so that they take full advantage of the workers’ compensation laws that were written exclusively for their industry.”
For more information about the THB Workers’ Comp Purchasing Group, contact Susan Fox by email at svfox@hiallc.com or by phone at (972) 512-7660 or Kaycie Berley by email at kberley@hiallc.com or by phone at (713) 292-5272. For more information about Texas Mutual and a complete list of THB-WC qualifying business classifications visit www.texasmutual.com/agents/pr_thb.shtm.
Any licensed Texas insurance agent may submit a qualifying client for consideration in the group. Texas Mutual notes that past dividends are not a guarantee of future dividends, and TDI must approve all dividends.
About Hotchkiss Insurance Agency
Founded in 1975, Hotchkiss Insurance Agency, LLC (HIA) is an independent insurance agency offering a broad range of insurance products and services including commercial and personal insurance, life and health insurance, and workers’ compensation. As a member of select associations and the recipient of many local and statewide endorsements, HIA has developed specialty programs for many industries, including restaurants, hotels, franchisors, home builders, general landscape and irrigation contractors, nurseries and churches. Headquartered in Dallas, Texas, HIA has statewide locations in Houston, San Antonio, College Station, the Hill Country, and Sherman. Visit www.hiallc.com for more information.
Hotchkiss Insurance Agency, LLC
Susan V. Fox, 972-512-7760
svfox@hiallc.com
or
Kaycie Berley, 713-292-5272
kberley@hiallc.com
