MOODY INSURANCE NOTES LARGE DIVIDEND FOR COLO. ROOFING ASSOCIATION:

Moody Insurance Agency, which specializes in bonding services for contractors, risk management and insurance, announced a $475,236 dividend for 17 members of its Colorado Roofing Association Workers’ Compensation Program, offered through Pinnacol Assurance. The dividend is for the 2001-2002 policy year and is the fourth consecutive annual dividend. Since starting the program in 1998, Moody Insurance has declared more than $1.6 million in dividends for participating program members. The average dividend per member equals nearly 30 percent of the annual insurance premiums, making this reportedly one of the construction industry’s most attractive and successful workers’ compensation programs. The most recent dividend was shared among the following 17 participating contractor and supplier members: Academy Roofing Inc.; Arapahoe Roofing Inc.; Basalt Industries Corp.; Black Roofing Inc.; Campbell Beard Roofing; Plath Construction Inc.; Pro-Tech Roofing Systems LLC; Roofing Supply of Colorado Inc.; Stahl Roofing Inc.; Statewide Wholesale Inc.; Summit Roofing Inc.; Tennant Roofing Inc.; Tiley Roofing Inc.; Turner Morris Inc.; Weathersure Systems Inc.; Western Roofing Inc.; and Wilson Brothers Inc. Moody Insurance created the Colorado Roofing Association Workers’ Compensation Program to take advantage of the preferred pricing offered to association programs by Pinnacol Assurance. The program is offered to large and small contractors who can meet stringent participation criteria. There are currently 29 program members.

Topics Workers' Compensation Colorado