Hotchkiss Insurance Agency LLC announced a $105,407 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group. 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.
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