Towson, MD – Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, recently introduced its “Safe Returns” Dividend Plan. The plan rewards policyholders who prevent workplace accidents, keep workers safe, and losses low. Eligible policyholders could receive up to 25 percent of their premium in the form of a dividend.
“When an insured is demonstrably and successfully invested in maintaining a safe workplace, everybody benefits,” says Kama Kolbe, Vice President of Underwriting and Safety Services for Chesapeake Employers. “Dividends are Chesapeake Employers’ way of sharing its mutual success.”
The Safe Returns Dividend Plan is available to qualified new and renewal business effective on or after July 1, 2017 that meet the following eligibility requirements:
- Minimum annual standard premium of $30,000
- 5-year incurred loss ratio not to exceed 40 percent
Other eligibility requirements apply. Dividends are not guaranteed. They are declared at the sole discretion of the Chesapeake Employers’ Board of Directors.
Source: Chesapeake Employers