ABC New Hampshire & Vermont News
800,000 Reasons to be Happy - ABC Group Trust Pays Dividends
The ABC Workers’ Compensation Self-Insurance Trust celebrated its seventeenth successful year at its 2011 Annual Meeting held on June 13 at Fratello’s Restaurant in Manchester. Members shared in the distribution of nearly $800,000 in dividends earned as a direct result of their investment in safety. During the last three years alone Trust members have received more than $2.4 million!!!
According to the Department of Labor self-insurers outperform the competition with safer worksites and lower workers’ compensation costs – results which could not be achieved without a commitment to aggressive loss prevention and claims management strategies. Those commitments have enabled the Trust to reduce its rate of accidents from four per $1 million of payroll to one per million during each of the last three years.
The ABC Workers’ Compensation Trust is a self-insurance group formed in 1994 by Association members who demanded a more effective and responsive workers’ compensation solution. Since inception the Trust has outperformed theinsurance industry benchmark by 26 percent, providing safer worksites and lowering members’ costs. When combined with investment income and aggressive expense management, the Trust has proven to be the most cost-effective, long-term solution for managing contractors’ workers’ compensation risk.
Contact the ABC office to see if your company qualifies for the Trust.