Lovell Safety Groups Earn Dividends
New York, NY... Lovell Safety Management Co., LLC, announced the 2017-2018 dividend earnings of four of its Safety Groups:
- Launderers and Cleaners, Safety Group #34
- Building Metal Trades, Safety Group #420
- Municipalities, Safety Group #496
- Retail Lumber Association, Safety Group #531
Safety Group #34 returned to members a 22.5 percent dividend. Qualifying members received an advance discount of 25 percent on the 7/1/19 renewal.
Safety Group #420 returned to members a 25 percent dividend. Qualifying members received an advance discount of 25 percent on the 7/1/19 renewal.
Safety Group #496 returned to members a 17.5 percent dividend. Qualifying members received an advance discount of 25 percent on the 7/1/19 renewal.
Safety Group #531 returned to members a 20 percent dividend. Qualifying members received an advance discount of 25 percent on the 7/1/19 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.
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