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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

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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