Lovell Safety Groups Earn Dividends
Lovell Safety Management Co., LLC, announced the 2018-2019 dividend earnings of three of its Safety Groups:
- Master Painters and Decorators, Safety Group #135
- New York Paper Products Manufacturers, Safety Group #162
- Roofers and Sheet Metal Employers of Greater New York, Safety Group #411
Safety Group #135 paid a 25 percent dividend. Qualifying members received an advance discount of 25 percent on the 1/1/20 renewal.
Safety Group #162 paid a 25 percent dividend. Qualifying members received an advance discount of 25 percent on the 1/1/20 renewal.
Safety Group #411 paid a 25 percent dividend. Qualifying members received an advance discount of 25 percent on the 1/1/20 renewal.
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.
