Texas Restaurants Recognized And Rewarded With Over $4.1 Million For Their Commitment To Creating Safe And Secure Workplaces In 2023
Texas Restaurant Association and Texas Mutual Insurance Company pay out bi-annual dividends to over 221 Texas restaurants
(AUSTIN, TX) January 23, 2024 – In December 2023, the Texas Restaurant Association and Texas Mutual Insurance Company distributed $1.4 million in dividends to members of the Texas Restaurant Association Safety Group. Over 221 restaurants across the state earned a dividend for providing a safe workplace for their employees. Qualifying restaurants also received a combined $2.7 million through Texas Mutual’s June 2023 individual dividends bringing the end-of-year total payout to over $4.1 million.
“Keeping our workforce safe remains a top priority for the Texas Restaurant Association and our members,” Emily Williams Knight, Ed.D, president and CEO of the Texas Restaurant Association, said. “The rising prices affecting so many right now are crippling restaurants across the state, but through innovative partnerships like our longstanding relationship with Texas Mutual, we can help restaurants maintain their focus on workplace safety while they reinvest in their businesses.”
In addition to dividends, Texas Restaurant Association members have the opportunity to join the TRA Safety Group—a benefit that allows eligible restaurant operators who use Texas Mutual to join as one plan— accessing discounts on their workers’ compensation premiums and industry-specific safety resources.
“At Texas Mutual Insurance Company, our goal is to help our policyholders continue to curate a safe work environment,” Jeanette Ward, president and CEO of Texas Mutual, said. “As the state’s leading provider of workers’ compensation insurance, we want to ensure that every employee in Texas feels protected through proper education and intentional planning. The safety group provides these restaurants with financial and organizational support that will help retain talent and ultimately grow profit.”
Since 2002, nearly $88 million has been reinvested in the Texas foodservice industry through individual and safety group dividend programs. Dividends are based on performance, are not guaranteed and must comply with the Texas Department of Insurance regulations.
To learn more about the Texas Restaurant Association Safety Group visit texasmutual.com/agents/texas-restaurant-association.
About Texas Restaurant Association
Formed in 1937, the Texas Restaurant Association serves as the advocate and indispensable resource for the foodservice industry in Texas. As a leading business association, the TRA represents the state’s $95 billion restaurant industry, which encompasses upwards of 55,000 locations and a workforce of over 1.4 million employees. Along with the Texas Restaurant Foundation, the workforce development arm of the TRA, the association proudly continues to protect, advance, and educate a growing industry as the TRA enters its 86th year. For more information, please visit www.txrestaurant.org.
About Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company, a policyholder-owned company, is the state’s leading provider of workers’ compensation insurance. Texas Mutual provides coverage to 42% of the market, representing over 76,000 companies, many of which are small businesses. Since 1991, the company has provided a stable, competitively priced source of workers’ comp insurance for Texas employers. Helping employers prevent workplace accidents is an important part of Texas Mutual’s mission.