Additional Benefits of the TAEP Trust

• Stringent risk selection procedures are used to screen all applicants to ensure the claims experience of the TAEP Trust outperforms the industry at large and to increase the potential for dividend returns to members.
• Participating members will gain access to claims and risk management services that are truly tailored to their needs and delivered by professionals with a twenty year proven track record of success in managing workers’ compensation insurance for the gulf coast oil and gas industry.
• Participation in the financial results of the TAEP Trust is defined by the terms of the Indemnity & Trust Agreement. This agreement provides that each member's net cost of insurance is primarily driven by its own claims experience, creating a very strong incentive for each participant to control costs.
• The TAEP Trust is governed by a Board of Trustees composed of oilfield executives whose businesses participate in the program, ensuring that the TAEP Trust is uniquely accountable to you and uniquely committed to providing you with the highest quality of service and the lowest possible workers' compensation insurance cost.