Lovell Safety Groups Earn Dividends
Lovell Safety Management Co., LLC, announced the 2009 – 2010 dividend earnings of five of its Safety Groups:
- Launders and Cleaners, Safety Group #34
- Hospital Compensation, Safety Group #275
- Building Metal Trades, Safety Group #420
- Association of Governments, Safety Group #496
- Northeastern Retail Lumber Association, Safety Group #531
Safety Group #34 returned to members a 30 percent dividend. Qualifying members received an advance discount of 20 percent.
Safety Group #275 returned to members a 5 percent dividend. Qualifying members received an advance discount of 15 percent.
Safety Group #420 paid a 25 percent dividend. Qualifying members received an advance discount of 20 percent.
Safety Group #496 paid a 20 percent dividend. Qualifying members received an advance discount of 25 percent.
Safety Group #531 paid a 17.5 percent dividend. Qualifying members received an advance discount of 25 percent.
Lovell Safety Groups are fully insured, non-profit entities that return any underwriting profit to group members. Any extra premium dollars collected-not used to pay losses or expenses-can be returned to members in the form of a dividend. Lovell Safety Groups provide businesses with the benefits of a guaranteed cost premium with additional savings earned through dividends.
