Hi all, and welcome to the summer edition of our newsletter!
We have a lot going on, as we always do. We have partnered with a Monoline Comp carrier, Zenith Insurance from California. They are now providing “Excess Insurance” for all three of our Trusts, saving them about $200,000 in the first year. The bonus is that they write coverage for Trust Members that have operations in other states, which has been difficult for us to do in the past. They are also working with our Broker Partners to help them place business in states where they’ve had difficulty, assisting with about a dozen accounts so far this year.
We acknowledge all the time how many companies we provide Comp insurance to in our three groups, but here’s a snapshot that might surprise you: we currently cover nearly 420 New Hampshire companies that employ about 35,000 employees with a total payroll of almost $1.3 billion!
We’re especially proud of our Loss Control Team and the great job they continue to do with Member visits as well as the Loss Control Coordinator Academy (LCCA). To date, nearly 200 of our Member companies have attended LCCA so far—and half of those have sent more than one employee, showing just how valuable they find the training. To reach even more Members, we’ve started taking these sessions on the road, partnering with host companies and inviting nearby Members to join. If you’d like to host a session at your facility and have space for 20+ people, please contact our Loss Control team.
We often say we’re in the relationship business—and we mean it. Our goal is to take Workers’ Comp off your plate so you can focus on running your business. In that spirit, we are looking into classes that enhance your Membership in our groups. We’ve held recent sessions on claim filing and the Second Injury Fund, and we’d love to hear from you if there are other topics you’d find helpful.
And last but by no means least, all three groups were so successful last year that we were able to give back more than $1.5 million in surplus distributions at our annual meetings in November.
Keep up the good work, and thank you for placing your Trust in us!
