Not by accident, Texas tops every other U.S. state in job creation, is home to more Fortune 500 companies, is the largest exporter, enjoys a budget surplus, and was named by The Financial Times as the state best positioned to weather the current economic storm.

One of the most favorable features of Texas’ exemplary business climate is the right of employers to opt out of (that is, “nonsubscribe from”) the state workers’ compensation system and establish their own occupational injury benefit program.

“Nonsubscription” from Texas workers’ comp has always been an option but first came into widespread use in 1989. This year, we celebrate the 20th anniversary of this modern era of nonsubscription, which has become a conventional business practice, providing excellent care to injured workers and saving hundreds of millions of dollars for businesses across the country with respect to their Texas operations.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.