The KLA workers’ compensation program has applied for approval to issue a $1.26 million dividend. If approved by the Kansas Insurance Department, this will bring total dividends issued during the 25-year history of the program to more than $13 million.
Dividends received by program members largely are determined by their individual safety records. The top 20% of pool members in terms of safety record have received dividends ranging from 35% to 65% of their premiums. Dividends are a by-product of making feedyards and dairies safer places to work.
The KLA workers’ compensation program has the mission to “Prevent accidents. Save lives.” Since it began in 1993, the accident rate among pool members has dramatically declined.