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Pinnacol Assurance's Commitment to the Community

Pinnacol Assurance, a leading workers' compensation insurer based in Colorado, recently unveiled its annual community report, highlighting its substantial contributions to local initiatives throughout the past year. With a focus on social responsibility and community engagement, Pinnacol’s efforts included financial investments, volunteer work, and innovative programs aimed at enhancing workforce safety and promoting economic growth.

In 2024, Pinnacol Assurance invested an impressive $1.1 million in the community. This investment stemmed from a variety of sources, including grants, scholarships, corporate sponsorships, and employee volunteer programs. Notably, the company contributed a total of 3,000 volunteer hours across various nonprofit organizations, dedicating its resources to improve the quality of life in the communities it serves.

Significant Contributions

1. Community Grants: Pinnacol awarded $377,000 to 24 nonprofit organizations, all focused on critical areas such as workforce safety, injury recovery, and enriching the local economy. By funding these organizations, Pinnacol takes a significant step in ensuring that communities have access to essential resources and support.

2. Youth Apprenticeship Program: Recognized for its comprehensive apprenticeship program, Pinnacol is leading the charge in providing underprivileged youth with valuable employment opportunities. In 2024, the program successfully incorporated 16 full-time apprentices, with an impressive 81% of participants identifying as members of communities of color. This initiative not only fosters skill development among young individuals but also ensures that diverse talent is nurtured and prepared for the future workforce.

3. Scholarships: The Pinnacol Foundation awarded a total of $367,970 in scholarships to 75 students throughout Colorado. This scholarship program is pivotal in supporting families affected by workplace injuries, helping them pursue higher education and achieve their ambitions without the added stress of financial burdens.

4. Exceptional Employee Engagement: Pinnacol boasts a remarkable 89% employee engagement rate. This rate not only surpasses the national average but also reflects a company culture that values belonging and employee well-being. Pinnacol provides various avenues for its employees to engage with the community, thereby instilling a sense of purpose in their daily activities.

A Legacy of Social Responsibility

Created in 1915, Pinnacol Assurance has been a cornerstone of Colorado's workers' compensation landscape. As the state’s top-performing insurer, Pinnacol consistently earns high satisfaction ratings from both employers and injured workers. Its commitment to financial stewardship places it among the top 2% of property and casualty carriers nationwide, demonstrating that Pinnacol is not just a business but a vital partner in the community's growth and development.

Pinnacol Assurance continues to be a model of corporate social responsibility by prioritizing community engagement and civically driven initiatives. The report encapsulates how the organization strives to be a force for good, dedicated to making meaningful contributions that resonate beyond the business sphere.

For more information on Pinnacol Assurance’s community programs and initiatives, visit Pinnacol.com.