Purchase, NY -(BusinessWire)- Friedlander Group announces a 35% dividend paid to members of the Retail Group of New York Workers’ Compensation Safety Group #544. The 35% paid dividend is in addition to the 25% advance group discount clients have already received on their policies effective from March 1, 2018 – March 1, 2019.
The combination of the 25% advance group discount and 35% dividend resulted in retailers saving more than half on their workers’ compensation costs. A member with a standard premium of $10,000, only paid $4,875 after discounts and dividends. That represents a total savings of 51%.
“By focusing on keeping their employees working and safe, clients have benefited from increased productivity and profits, along with unparalleled workers’ compensation savings,” says Adam Friedlander, President and Group Manager.
Clients across multiple industries have now been paid a total of $244 million in dividends and, when combined with advance discounts, saved a total of $550 million on their workers’ compensation costs. Friedlander Group manages seven Workers’ Compensation Safety Groups for retailers, restaurants, wholesalers, hotels, oil dealers, and home health care and residential care facilities.
In addition to the Safety Groups, Friedlander Groups’ Workers’ Care program specializes in workers’ compensation for clients that struggle with safety or are outside of the mentioned industries.