Investing in Worker Safety and Well-being Pays Off
GRAND JUNCTION, Colo. — April 5, 2016 — Home Loan Insurance has recently distributed close to $500,000 in workers’ compensation dividend checks to 604 local customers who have maintained safe workplaces. The checks come from Pinnacol Assurance, Colorado’s leading workers’ compensation provider and one of the insurance companies that Home Loan Insurance partners with to provide workers’ compensation solutions to local businesses in Western Colorado. This general dividend is a portion of Pinnacol’s surplus, paid to policyholders that earn it through their commitment to workplace safety and effective claims management.
A workers compensation dividend check was presented to Hilltop Health Services on Monday April 4th, 2016. Hilltop has been a Home Loan Insurance client for several years. From Left to Right: Darren Coltrinari and McKenzie Shawcroft from Home Loan Insurance, Marlys Harman, Monica Garcia, Lisa Martin, Deletha Assenmacher, and Mike Stahl from Hilltop Health Services, and Beverly Markos from Home Loan Insurance.
Pinnacol’s board of directors declared a general dividend of $30 million. Nearly 53,000 employers throughout the state — roughly 93 percent of the company’s policyholders — will receive a dividend. Checks have been mailed and personally delivered to Western Slope businesses by Home Loan Insurance agents throughout the month of March and are still being distributed.
“We have enjoyed an extremely successful partnership with Pinnacol for over 25 years. Their dedication to improving the workplace safety and wellness of our clients has led to thousands of saved dollars for many companies on the Western Slope,” said Jamie Hamilton, CEO of Home Loan Insurance, an 118 year old local independent insurance agency in downtown Grand Junction. “We are proud to partner with Pinnacol and great organizations like HopeWest and Hilltop Health Services as well as many other companies succeeding in managing workers’ compensation risks.”
Home Loan Insurance has held several safety improvement seminars for clients to attend throughout the year. These sessions cover topics like “Behavioral Based Safety Training” or “Managing Safety Through Good Hiring Practices.” The attendance of the seminars has grown steadily to where every seminar is a packed house of 40 plus managers from different companies. “It’s good to see companies taking the initiative and using the resources that Pinnacol and Home Loan Insurance provide, and it is clearly correlated with their success managing their workers’ compensation risk,” says Jackie Ramsey, Client Services of Home Loan Insurance, who helps coordinate the events.
“This dividend is possible because of our policyholders’ commitment to the safety and well-being of their employees, Pinnacol’s financial stability and strength, and a resurgent Colorado economy,” said Phil Kalin, Pinnacol president and CEO. “We expect that this will be important support for our state’s employers as they continue to invest in their people, processes and technology, preparing them for success in the years to come.”
Dividend checks are calculated based on the policyholder’s premium size and performance. The average 2016 dividend check will be $571.
Pinnacol has issued a dividend nine times since 2005, a result of its financial health and stability. With the 2016 declaration, Pinnacol has now returned nearly $506 million in total general dividends to Colorado businesses.
A workers’ compensation dividend check was also presented to HopeWest on Monday April 4th, 2016.Pictured from Left to Right: Sarah Walsh from HopeWest, Darren Coltrinari, Beverly Markos, and McKenzie Shawcroft from Home Loan Insurance, and Mary Wigington from HopeWest.
About Pinnacol Assurance
Pinnacol Assurance is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to more than 55,000 Colorado businesses. Annually, Pinnacol supports nearly $500 million of Colorado’s economic activity, spends over 35,000 hours keeping Colorado worksites safe and provides compassionate care to over 40,000 Coloradans injured on the job. For more information, visit http://www.pinnacol.com.
Since 1897, Home Loan Insurance has provided risk management and insurance solutions to residents and businesses all over Western Colorado. Located in the heart of downtown Grand Junction, Home Loan’s connections to top insurance carriers and the ability to customize insurance policies based on the customers’ needs has led to a history of success and leadership. With 50+ local employees, generations of local clients, and tens of thousands of dollars being given back to the Grand Junction community every year, Home Loan recognizes the prosperity of the local community as a whole is where success is derived. To learn more about Home Loan Insurance, please visit www.HLIC.com.
Jackie Ramsey :(970)250-3057 | email@example.com | 205 N. 4th Street Grand Junction, CO 81501