This month, Pinnacol Assurance distributed workers’ compensation dividend checks to more than 2,700 of its Colorado restaurant customers. This is the seventh consecutive year Pinnacol has issued the dividend.
Pinnacol’s board of directors approved a total general dividend of $50 million to the insurer’s customers across all industries. More than 51,000 employers throughout the state — almost 95 percent of the company’s customers — will receive a dividend.
Dividend checks are calculated based on the customer’s premium size and performance. The average dividend check for Colorado employers is $974.
“When our customers speak to us, we listen,” said John O’Donnell, Pinnacol president and CEO. “Our customers told us they wanted lower rates on the front end while still having the opportunity for a dividend, and we’re doing just that. When we partner with our customers to create safer work environments, we are happy to pass the savings on to them.”
Pinnacol has issued a dividend 14 times since 2005, a result of its financial health and stability. With this dividend, Pinnacol has now returned over $370 million in total general dividends to Colorado businesses over the past seven years.
Apply for a workers’ compensation quote with Pinnacol today.