The Manufacturer & Business Association (MBA) is pleased to announce that 56 eligible member companies participating in its Workers’ Compensation Group Dividend Program through Eastern Alliance Insurance Group (EAIG), will receive a dividend payment. These eligible members were participants during the Program’s 2011-
2012 group dividend year and will receive their proportionate share of the $70,000 group dividend payment, based on their audited premiums for that time period. The 2011-2012 group dividend year covers Program policies with effective dates from July 1, 2011 through and including June 30, 2012.
According to the Association, “The group dividend is one of the unique features of our Program and a driving reason why the MBA chose to sponsor it. Through our partnership with EAIG, we are proud to make available to our members, both small and large, the opportunity to earn a dividend on their efforts to maintain a safe work environment.”
Since 2009, the MBA and EAIG have partnered on the workers’ compensation program to provide competitive rates, superior claims and risk management service, with the potential to earn a group dividend. The dividend potential is contingent upon the entire group qualifying from an overall premium standpoint, and the group’s program year loss ratio (in the aggregate) being favorable for that given year.
For more information, contact the Association at 814/833-3200 or 800/815-2660.
