Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, is distributing $291K in workers’ compensation dividend checks this month to 394 Montezuma County policyholders.
In total, nearly 53,000 employers throughout the state — roughly 94 percent of the company’s policyholders — will receive a portion of Pinnacol’s $50 million dividend, spokeswoman Corinne Mahoney said on Monday. Check amounts are calculated based on the policyholder’s premium size and performance. The average 2018 dividend check will be $944, Mahoney said.
“Pumping $50 million back to our policyholders will help them invest in the people, processes and technology to keep up in Colorado’s fast-moving economy,” said Phil Kalin, Pinnacol president and CEO.
Pinnacol policyholders have earned a dividend 10 times since 2005, a result of their workplace safety and controlling claims costs.