The Texas Cotton Ginners’ Trust is celebrating 19 successful years at its Annual Meeting in Lubbock. Formed in 1994, the Trust will enter its 20th year of providing stable, affordable workers’ compensation coverage to Texas agricultural businesses.
The Trust provides coverage to more than 75 percent of the cotton gins in Texas, as well as cotton warehouses,
cotton oil seed mills and other agricultural businesses across the state.
The Trust’s Producer Program offers the protection of workers’ compensation coverage for employees of cotton producers who gin with members of the Trust.
The Trust provides its members both hard savings in dividends paid back and soft savings in premiums the members never had to pay to a commercial insurance carrier because the Trust was there to provide coverage in times of a restricted market.
The Trust paid dividends of $4.3 million in 2012, and more than $26 million has been returned to members from the first 16 years of the Trust’s operation.
More than 23 percent of premiums paid in those years have been returned to members.The Trust’s Safety Credit available to member gins returned an additional $300,000 to members who qualified in 2012.
The Trust continues to improve safety service to members and their employees through its sponsorship of the Texas Cotton Ginners Association Safety Seminars, on-site safety training, its Certified Safety Trainer (CST) program, weekly safety training bulletins and other safety initiatives.
The Trust will introduce more enhancements for employee safety training to its members in 2013.
This year’s Annual Meeting of the Trust is scheduled for 2:30 p.m. on Friday, April 5, in the Banquet Hall of the Lubbock Memorial Civic Center. The meeting agenda will provide an update on Trust activities, a report on the financial position of the Trust and the announcement of the dividend to be paid this year. The Trust will once again be located in Booth No. 1 at this year’s Trade Show. Please stop by for a visit.
The Trust recently moved into a new office. It is located at 3160 Bee Cave Road, Suite 200, Austin, Texas, 78746. Contact the staff at the same phone number at (512) 615 4800 or reach Tim Loonam by email at firstname.lastname@example.org.