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Berkley Asset Protection Pays 29% Dividend for Work Comp Plan

It offers three major advantages.

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(PRESS RELEASE) NEW YORK — Berkley Asset Protection (a Berkley Company) announced that it will pay a 29% dividend to eligible policyholders in its Workers Compensation Safety Group & Dividend Plan, which was created specifically for jewelry businesses in the United States. The dividend is a percentage of policyholders’ 2017 earned premium.

“We’re very pleased with the jewelers’ loss control efforts, which resulted in an 8.4% loss ratio and a large dividend percentage for 2017, our first year offering the program,” stated Joe Dowd, president of Berkley Asset Protection.

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The Safety Group & Dividend Plan offers three major advantages:

1. Dividends up to 35% of policy premium paid to policyholders based on the group’s loss experience
2. Loss control help for a safer workplace
3. Return-to-work program to reduce costs and manage expenses when losses do occur

To be eligible for the dividend, policyholders must have been insured in the plan on December 31, 2017. The first dividend checks will be mailed to policyholders in mid-May. The Safety Group & Dividend Plan is offered exclusively to businesses in the jewelry and related trades, which include sale of retail jewelry, wholesale and manufacturing of jewelry, findings and parts, industry tools, gift boxes, etc.

A short video about the program is available on the company’s website here.

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The Safety Group & Dividend Plan is available in all states, except Minnesota and Florida. Berkley Asset Protection’s standard Work Comp Program is available in all 50 states.

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SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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