Lovell Safety Groups Earn Dividends
Lovell Safety Management Co., LLC, announced the 2009 – 2010 dividend earnings of two of its Safety Groups:
New York Electrical Manufacturers, Safety Group #140
New York State Movers and Warehousemen’s Association, Safety Group #251
Safety Group #140 returned to members a 30 percent dividend. Qualifying members received an advance discount of 20 percent.
Safety Group #251 paid a 20 percent dividend. Qualifying members received an advance discount of 20 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.