Thursday, December 1, 2016

Dividend News from Lovell Safety Management


New York, NY... Lovell Safety Management Co., LLC, announced the 2015 - 2016 dividend earnings of three of its Safety Groups:
  • Master Painters and Decorators, Safety Group #135
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  • New York Paper Products Manufacturers, Safety Group #162
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  • Roofers and Sheet Metal Employers of Greater New York, Safety Group #411 

Safety Group #135 returned to members a 22.5 percent dividend. Qualifying members received an advance discount of 20 percentThe advance discount was increased to 
25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.

Safety Group #162 paid a 20 percent dividend. Qualifying members received an advance discount of 20 percent. The advance discount was increased to 25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.

Safety Group #411 paid a 27.5 percent dividend. Qualifying members received an advance discount of 20 percent. The advance discount was increased to 
25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.

Lovell Safety Groups are fully insured, non-profit entities that return any underwriting profit to group members. Any extra premium dollars collected-not used to pay losses or expenses-can be returned to members in the form of a dividend. Lovell Safety Groups provide businesses with the benefits of a guaranteed cost premium with additional savings earned through dividends.