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Colorado businesses covered by state-chartered workers compensation insurer Pinnacol Assurance will receive a share of a $50 million dividend by the end of March.
Ninety-four percent of Pinnacol policyholders qualify for a check, accounting for nearly 53,000 Colorado employers, and the average check per policyholder is $944, Pinnacol said Tuesday in a statement.
“Pinnacol is in a position to provide these dividends because of our careful stewardship of our customers’ premium dollars, as well as our customers’ commitment to their employees’ health and safety,” Phil Kalin, Denver-based Pinnacol president and CEO, said in a statement.
Pinnacol Assurance has launched Cake, a new digital platform to make it easier for small businesses to buy workers compensation policies without agents.