November 12, 2007 (LANSING, MICH.) — Accident Fund Insurance Company of America is pleased to announce that National Vacuum Equipment, Inc. of Traverse City, Mich., is the recipient of its 2007 WorkSafe Leader Award. The award is given to the member of Accident Fund’s Group Programs that demonstrates a commitment to our business partnership and loss control, and has consistently produced outstanding results over a five-year period.

National Vaccum has an exceptional loss history with few work-related injuries. From 2002 to 2006, the company’s loss ratio was 7.1 percent and they had only one work-related injury that resulted in time away from the job. The average loss ratio in the workers compensation industry during that same period is 73 percent. National Vacuum received a $4,200 dividend from Accident Fund for 2007 results, and has received more than $21,000 since 2005. Tom Rummel, Accident Fund’s Group & Association Specialist, said, “National Vacuum is an inspiration to any company that wants to learn how to create a culture of workplace safety.”

National Vacuum, founded in 1980, designs, manufactures and sells premium industrial vacuum equipment for performance in a variety of industries. The company offers the largest selection of vacuum tank pumps and components in North America. It has been a member of Accident Fund’s Traverse City Area Chamber of Commerce Group Program since 1999.

“Our Chamber has 300 members who participate in Accident Fund’s Group Program, and we have returned more than $1.8 million to them because of their outstanding results,” said Douglas Luciani, Traverse City Chamber president. “National Vacuum has been a member of the Chamber for more than 20 years, and they are a model participant in the Group Program. We are very excited they are receiving this award.”

Headquartered in Lansing, Michigan, Accident Fund is one of the nation’s leading workers compensation insurers, operating in 43 states and the District of Columbia. The company also provides third party administration services and disability management. Founded in 1912, Accident Fund is rated “A” (Excellent) by A.M. Best, and is a wholly owned subsidiary of Blue Cross Blue Shield of Michigan. Accident Fund has three workers compensation subsidiaries; Accident Fund National Insurance Company, Accident Fund General Insurance Company and United Wisconsin Insurance Company. More information can be found at www.accidentfund.com.
 

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