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Chesapeake Employers Declares $15 Million Corporate Dividend

March 10, 2021 - WorkCompWire

Towson, MD – The Board of Directors of the Chesapeake Employers’ Insurance Company is pleased to declare $15 million in corporate dividends for calendar year 2022 to qualifying policyholders based on their safety performance.

This dividend is in addition to the $10 million corporate dividend the company declared for each calendar year 2018, 2019, 2020 and 2021.

In total, Chesapeake Employers will have issued $55 million in corporate dividends through 2022. The dividends are possible due to Chesapeake Employers’ financial performance.

The latest dividend will be awarded to qualifying policyholders for their 2021 performance with payment beginning May 1, 2022.

“Safety in action makes a difference for employers, workers, and the bottom line,” explains Tom Phelan, CEO of Chesapeake Employers Insurance. “Keeping workers safe on the job day in and day out takes commitment. That commitment should be rewarded.”

Dividends are based on performance and are not guaranteed. The corporate dividend was approved by the Maryland Insurance Administration.

Source: Chesapeake Employers

Filed Under: Industry News, Top Stories, Workers' Compensation

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