Fifteen agencies participating in the Association’s Workers’ Compensation group purchasing program will share a sizable dividend for the 7/1/13 – 6/30/14 policy year. This is the fourth year in a row that participants have received dividend payments. USI Financial Services recently mailed checks to the eligible agencies.
The Association partners with USI to offer a group premium discount to agencies participating in the program. The insurer is AmTrust; risk management and educational services are provided by FutureComp. In addition to the significant premium savings, a dividend is triggered when the group’s aggregate loss ratio is under 50%. Agencies with an individual loss ratio below 50% receive a pro-rated share of the dividend.
All 20 of the participating agencies benefit from the outstanding premium discounts. If you would like a quote to determine if your agency can save money by participating in the HCANH Workers’ Comp program, contact Terry Abbott. The Workers’ Compensation group insurance program is a significant member benefit. Take advantage of it!