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National Vacuum Equipment
Receives
Accident Fund’s 2007 WorkSafe Leader Award |
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January 31, 2008 (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 Vacuum 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 was 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.”
“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 Area Chamber of Commerce
president and CEO. “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.”
The award was presented to Bruce Luoma, president of
National Vacuum Equipment, Inc., on January 22 at their
facility in Traverse City.
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.
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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Corporate Communications
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