Austin, TX – Texas Mutual recently announced that in December, the Texas Restaurant Association and Texas Mutual distributed $1.4 million in dividends to members of the Texas Restaurant Association Safety Group.
Over 221 restaurants across the state earned a dividend for providing a safe workplace for their employees. Qualifying restaurants also received a combined $2.7 million through Texas Mutual’s June 2023 individual dividends bringing the end-of-year total payout to over $4.1 million.
“Keeping our workforce safe remains a top priority for the Texas Restaurant Association and our members,” Emily Williams Knight, Ed.D, president and CEO of the Texas Restaurant Association, said. “The rising prices affecting so many right now are crippling restaurants across the state, but through innovative partnerships like our longstanding relationship with Texas Mutual, we can help restaurants maintain their focus on workplace safety while they reinvest in their businesses.”
In addition to dividends, Texas Restaurant Association members have the opportunity to join the TRA Safety Group—a benefit that allows eligible restaurant operators who use Texas Mutual to join as one plan— accessing discounts on their workers’ compensation premiums and industry-specific safety resources.
“At Texas Mutual Insurance Company, our goal is to help our policyholders continue to curate a safe work environment,” Jeanette Ward, president and CEO of Texas Mutual, said. “As the state’s leading provider of workers’ compensation insurance, we want to ensure that every employee in Texas feels protected through proper education and intentional planning. The safety group provides these restaurants with financial and organizational support that will help retain talent and ultimately grow profit.”
Since 2002, nearly $88 million has been reinvested in the Texas foodservice industry through individual and safety group dividend programs. Dividends are based on performance, are not guaranteed and must comply with the Texas Department of Insurance regulations.
Source: Texas Mutual