Valero Energy approved to self-insure for workers comp
San Antonio Business Journal
San Antonio-based Valero Energy Corp. is one of 13 companies operating in Texas that have been approved by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) to self-insure for workers’ compensation claims.
The approval is for a one-year period under the TDI-DWC Self-Insurance Regulation program.
These 13 companies collectively employ approximately 26,500 employees in Texas.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.
In addition to Valero, the following companies received renewals of existing self-insurance certificates:
AAA Cooper Transportation, Dothan, Ala.
American Electric Power Company Inc., Heath, Ohio
Associated Wholesale Grocers Inc., Kansas City, Kan.
E. I. du Pont de Nemours and Co., Wilmington, Del.
Emerson Electric Co., St. Louis
FedEx Freight East Inc., Harrison, Ark.
Guardian Industries Corp., Auburn Hills, Mich.
Hyatt Corp., Chicago
International Paper Co., Memphis, Tenn.
The Sherwin-Williams Co., Cleveland
Unique Staff Leasing I Ltd., Corpus Christi
VF Corporation, Greensboro, N.C.
For more information on applying to the Self-Insurance Regulation program, visit TDI’s Web site at www.tdi.state.tx.us/wc/si/index.html.
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