Pinnacol issues $200K to RBC employers

RBC | Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, will distribute $50 million in workers’ compensation dividend checks this month to its policyholders.
More than 53,000 employers throughout the state—roughly 94.2 percent of the company’s policyholders—will receive a dividend in recognition of maintaining safe workplaces. Dividend checks are calculated based on the policyholder’s premium size and performance. The average 2017 dividend check will be $941. Checks will be delivered to employers in March and April.
In Rio Blanco County, more than $200,000 will be awarded to employers this year.
“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 vibrant 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.”
This is the second year in a row Pinnacol has issued a general dividend, a result of its financial health and stability. With the 2017 declaration, Pinnacol has now returned $556 million in total general dividends to Colorado employers.
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 57,000 businesses. Annually, Pinnacol spends more than 35,000 hours keeping worksites safe and provides compassionate care to more than 40,000 injured on the job. For more information, visit www.pinnacol.com.