Two ways Pinnacol is paying you back in 2019
You know how hard work, consistency and good fortune can join forces for a big win. That’s exactly what’s happening for Pinnacol customers in 2019. A vibrant Colorado economy, favorable workers’ comp claim trends and increased cost efficiency at Pinnacol have combined to help us decrease rates and distribute general dividend checks to most of our 57,000 customers. While 2019 is banner year, this isn’t first time we’re giving back. In fact, this is the fourth in the row. Here’s what you need to know:
Our 2019 rates, which went into effect on January 1, decreased by an average of 10 percent. While your rates may vary, it’s likely you’ll pay less for workers’ comp this year. The decrease is designed not only to keep more cash in your pocket, but to do so without setting up dramatic rate swings in the future. See more of the story.
In March, we’ll start mailing $70 million in general dividend checks to employers with a Pinnacol policy in every Colorado county. Typically, around 95 percent of our customers receive a check. Unlike rates, which are based on future trends, the dividend is calculated based on past performance. Find out who qualifies and more on our General Dividend information page.
What you spend the extra cash on is up to you. Whether upgrading old equipment, shoring up your rainy day fund, or rewarding the employees who kept your workplace safe, we’re just happy to help.