Moody Insurance Delivers $262,598 Cash Dividend for Workers’ Comp Program

Twenty-two Colorado companies are making a special trip to the bank today to deposit their share of the inaugural cash $262,598 dividend from the innovative Moody Select workers’ compensation program offered by Denver-based Moody Insurance Agency, which specializes in insurance, risk management and bonding services.

The dividend is for 2003 policy year, and is the first since the Moody Select program was implemented in 2001. Cash-in-hand dividends will range from $3,037 to $37,619 per member, with an average of $11,936. The dividend is shared among the following participating Colorado companies:

Action Air
Alpine Lumber
Badger Trenching
Beck Building
Blue Ridge Enterprises
Braconier Plumbing
Casey Smith & Company
CoCal Landscape Services
Colorado Designscapes
Jo-Berly Enterprises
Kolbe Striping
Landscape Workshop
Lillard & Clark
Lookout Renovation
Metro Masonry
Native Excavating
Nicholas Construction
Quality Paving
Rhoads Construction
Rogers & Sons, Inc.
Scott Contracting
W.O. Danielson

“Moody Select is based on our successful workers’ compensation program designed for the Colorado Roofing Association, which this year will provide its sixth consecutive dividend. Both programs offer a risk-reward approach to managing insurance costs,” said Brad Moody, executive vice president of Moody Insurance Agency. “Program members benefit from up-front premium savings, loss control services, specialized claims management and the competitive advantage of access to best practices initiated by their peers in Colorado.”

Moody Insurance created the Moody Select Workers’ Compensation Program in 2001 for companies that meet stringent participation criteria and can demonstrate a commitment to workplace safety. For the 2004-2005 policy year, there are 27 program members. Members participate in semi-annual loss control seminars, share best practices in risk management, and undergo a stringent application process that means members benefit from reduced insurance costs.