Safety groups allow employers to enjoy premium discounts and customized safety services.
For more information on safety groups download "Group Advantage", the agents' quick guide to safety groups.
- The groups
- We are the leading writer of safety groups in Texas
- About safety groups
- Benefits for the agent and client
- Getting started
- Questions about safety groups
- New e-Learning for safety groups
We are the leading writer of safety groups in Texas
- Safety groups offer an excellent way to increase your market share and develop a sound book of business.
- By partnering with the group, you can play a prominent role in developing or enhancing its safety program. Texas Mutual Insurance Company will assign a safety services consultant who has experience in members' common operations.
- Your Texas Mutual® regional marketing representative can give you a safety group application and help you set up a safety group.
- For more information about the Texas Mutual® safety groups, contact a marketing representative at (800) 859-5995.
About safety groups
The Texas Department of Insurance allows employers in similar businesses to form safety groups in order to reduce their workers' compensation insurance premiums. Group participation is limited to Texas employees as defined in the Texas Labor Code. Insurance agents play a key role in the formation of these groups. Agents who become involved in forming a safety group can also benefit from commissions generated from higher premium volumes and from vastly improved efficiency in their marketing efforts.
We sponsor workers' compensation insurance safety groups that offer policyholders a premium discount and access to our exceptional customer services.
Benefits for the agent and client
Benefits for the agent
Safety groups offer an excellent way to increase an agent's market share and develop a sound book of business. Similar to target marketing, safety groups give agents greater responsibility and control over their business by defining a market to be pursued.
Agents who work with safety groups often see their marketing efforts become more efficient as they build rapport with underwriters and safety services staff and make valuable contacts in the industries that make up their primary markets.
Benefits for the client
A safety group member is entitled to a premium discount which is based on an estimate of the group's entire written premium. For example, if a group is projected to generate $500,000 in annual premium, all policyholders in the group will receive the premium discount applied to the $500,000 premium level, (10 percent) regardless of their individual premium size.
Group members also benefit from expert claim and safety services. Texas Mutual Insurance Company will assign a safety services consultant who is or becomes an expert in the group's common operations. A safety plan is developed for the group and adopted by all members. The safety services consultant may speak at the group's association meetings or in other group settings.
Some agents begin by becoming involved with a professional association. Others start by developing their contacts in an area of their own professional expertise. As a list of potential clients develops, agents should watch for changes in regulatory requirements that affect the industries they are targeting. Insurance coverage is sometimes a sound way to address the uncertainties created by regulatory changes.
Most industries would benefit more from a structured safety program. Make some calculations and work with a group representative as you research the group. Together, you can review the numbers and determine the benefits that group coverage offers. We require a minimum of $500,000 in annual premium to justify writing a group program. We take into consideration the estimated average premium of group members and the growth potential of the group in subsequent years if the initial premium is below this amount.
Questions about safety groups
Your regional marketing representative or safety group coordinator can answer your questions, provide a safety group application and help you set up your group. For more information, call the Information Services Center at (800) 859-5995.
*NOTE: State law prohibits insurance companies from guaranteeing dividends in their promotional materials. Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividend plans.
New e-Learning for safety groups
Policyholders who are members of a safety group now have exclusive access to three new e-Learning courses customized for their group. Learn more here.