The Arkansas Trucking Association Self-Insurers’ Fund has declared a $950,000 dividend to its 47 trucking companies enrolled in the workers’ compensation insurance trust, bringing the total amount distributed from the fund to over $23.4 million since its creation in 1993, and over $8.7 million paid since 2010.
Employees of trucking companies that enrolled in the insurance group are covered to pay the workers’ compensation claims for employees injured on the job. Since 1993, the trucking insurance fund has paid out almost $44 million to injured workers.
“Our member companies deserve to be rewarded for excellent performance,” said Shannon Newton, the association’s president. “When small businesses come together for mutual benefit, it makes us all more self-sustaining and financially stable.”
Dividends can be declared by the fund’s board of trustees after injury claims and other expenses are paid, and distribution is subject to approval by the Arkansas Workers’ Compensation Commission.
