Portland, Ore. - April 16, 2013 – Liberty Mutual Insurance’s Northwest Business Insurance operation today announced substantial savings for superior safety performances by employers in the Montana Liberty Premier Contractors Group. More than 300 policyholders will collectively receive $1,116,860 in premium adjustments and premium surcharge savings. This equates to a near 20 percent savings on their workers compensation insurance for the policy year July 1, 2011 to July 1, 2012. The group’s loss ratio for this policy year was 28 percent, its best performance over the last five years.
Since the program’s inception in 1997, contractor group members have worked with Liberty Mutual Insurance to establish and maintain comprehensive risk control plans and safety training for management and employees. In addition, employers have benefited from Liberty Mutual’s expertise in claim services, including early return to work programs and the involvement of nurse case managers.
“Liberty Mutual Insurance has demonstrated its commitment to our great state by partnering with Montanans to help improve workplace conditions,” said Fred Miller, ARM, AU, Montana Safety and Health Bureau. “Not only do the contractor group members receive top-notch safety assistance, they also realize rewards as they partner to reduce workplace injuries.”
Montana contractors can learn more about the Montana Liberty Premier Contractors Group workers compensation program by speaking with their local independent insurance agent or by contacting Ms. Denise Moore, Liberty Mutual Insurance Association Programs Director for the Northwest Region, at 800-275-5600, ext. 789-7328 or [email protected].
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.