Press Releases

Berkley Asset Protection Rewards Businesses for Keeping Their Employees Safe

It sends dividend checks to work comp policyholders.

Published

4 years ago

June 10, 2020

INSTORE Staff

(PRESS RELEASE) Berkley Asset Protection continues to help protect business and employees as it mails dividend checks to eligible policyholders in its Workers Compensation Safety Group & Dividend Plans. These dividends – which totaled nearly $93,000 in 2020 and 2019 when the program started – incentivize businesses to care for their employees, one of their most important assets.

The dividend is a percentage of policyholders’ 2018 earned premium based on the loss ratio of each group.

“The dividends paid in 2020 range from 8% to 35%, the maximum allowed by the plans,” stated Chip Dowd, President of Berkley Asset Protection. To be eligible for the dividend, policyholders must have been insured in the plan on Dec. 31, 2018.

Jewelers Plan policyholders earned an 8% dividend based on the 2018 loss ratio.
Fine Art Plan policyholders will receive the maximum 35% based on the 2018 loss experience.

Safety Group & Dividend Plans offer three major advantages:

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

Berkley Asset Protection’s Safety Group & Dividend Plans are offered exclusively to businesses in each plan’s specified industry. The Jewelers Plan includes 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.

The Safety Group & Dividend Plans are 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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