Today's News / Safety in the Construction Industry

Texas subcontractors get paid for safety

August 10, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

constructionA Texas construction safety group has received a $1.6 million dividend based on its overall loss ratio.

The Texas Construction Association (TCA) safety group, designed by subcontractors to benefit subcontractors, received the payment from the Texas Mutual Insurance Company, the state’s leading provider of workers' compensation insurance.

Austin-based Texas Fifth Wall Roofing earned its third consecutive dividend as a member of the TCA safety group.

“Workers’ compensation is just one of many costs we have to consider,” said company president Todd Hewitt. “We get a premium discount on the front end for participating in the safety group. On the back end, we have earned dividends for working safely. That money has gone directly back into our operating budget.”

Hewitt explained that private sector construction projects are picking up slowly following the recession. Dividends help Texas Fifth Wall Roofing remain competitive.

“These TCA safety group members have invested in their employees’ well-being,” said Steve Math, senior vice president of underwriting at Texas Mutual. “Dividends are Texas Mutual’s way of rewarding them for their commitments to safety and for their ownership stakes in the company.”

TCA safety group members must be members of the Texas Construction Association or a member association. For more information, click here.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Download the Texas Construction Association Workers' Compensation Safety Group brochure.

Did you enjoy this article? Click here to subscribe to ISHN.

You must login or register in order to post a comment.

STAY CONNECTED

Facebook logo Twitter YouTubeLinkedIn

Multimedia

Videos

Image Galleries

ASSE's Safety 2013 Review

A photo gallery from the Las Vegas Convention Center, where ASSE’s annual professional development conference was held June 24 to 27. All photos courtesy of the American Society of Safety Engineers.

THE MAGAZINE

ISHN Magazine

ishn april 2014 issue cover

2014 April

In this month's issue of ISHN, check out features about safety in the oil and gas industry.

Table Of Contents Subscribe

THE ISHN STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\ISHN\safetyfourth.jpg
Safety Engineering, 4th Edition

A practical, solutions-driven reference, Safety Engineering, 4th edition, has been completely revised and updated to reflect many of today’s issues in safety.

More Products

For Distributors Only - January 2014

ISHN0114_FDO_cov.jpgFor Distributors Only is ISHN's niche brand standard-sized magazine supplement aimed at an audience of 2,000 U.S. distributors that sell safety products. Circulation only goes to distributors. CHECK OUT THEJANUAYR 2014 ISSUE OF FDO HERE

ishn infographics

2012 US workplace deathsCheck out ISHN's new Infographic page! Learn more about worker safety through these interactive images. CLICK HERE to view the page.