Tuesday, June 28, 2011

Lovell Safety Groups Earn Dividends

Lovell Safety Management Co., LLC, announced the 2009 - 2010 dividend earnings of five of its Safety Groups:
  • Launders and Cleaners, Safety Group #34
  • Hospital Compensation, Safety Group #275
  • Building Metal Trades, Safety Group #420
  • Association of Governments, Safety Group #496
  • Northeastern Retail Lumber Association, Safety Group #531
Safety Group #34 returned to members a 30 percent dividend.  Qualifying members received an advance discount of 20 percent.

Safety Group #275 returned to members a 5 percent dividend.  Qualifying members received an advance discount of 15 percent.

Safety Group #420 paid a 25 percent dividend.  Qualifying members received an advance discount of 20 percent.

Safety Group #496 paid a 20 percent dividend.  Qualifying members received an advance discount of 25 percent.

Safety Group #531 paid a 17.5 percent dividend.  Qualifying members received an advance discount of 25 percent.

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.

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