Boulder Chamber members earn dividend checks from Pinnacol

BOULDER – Boulder Chamber members received more than $800,000 in dividend checks from worker compensation insurance firm Pinnacol Assurance.

More than 250 member businesses were enrolled in the Chamber’s workers’ comp program between February to May 2009.

“By working together to focus on claims management and claims prevention, the members of the Boulder Chamber and Pinnacol Assurance workers comp dividend program are able to substantially reduce their overall cost of workers’ compensation coverage,” says Doug Grande, sales manager at Taggart Insurance. “By focusing on safety and claims management, the chamber is able to consistently receive dividends. ”

From an employer’s standpoint, chamber member Denise Behunin co-owner of Tom J. Behunin Construction, said Pinnacol provides its policyholders a way to adhere to safety procedures and practices bringing awareness to the forefront. These dividend checks are a nice bonus. “It’s a group effort and everybody can benefit.”

Dividend checks were given to Pinnacol policyholders who have strong safety records and low claims costs. This year’s dividend is based on policyholder performance between April 2008 to April 2009.

Eligible members enrolled in the program receive a 4 percent discount on their premium upon policy renewal date, and those who qualify for annual dividends are based on overall group performance.

By the numbers, the chamber group dividend paid so far in 2009 is $206,611, and the chamber general dividend paid this year is $621,006.

Safety seminars at the chamber are held quarterly and help educate policy holders to make working environments safer. If you’re a member and would like to receive more information, contact Christine Day at 303-442-1044, ext. 114.

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