Penn National Announces Dividend for Business Insurance Program for 7th Straight Year
Program summary
Penn National Insurance will return almost $900,000 in dividends for the seventh program year of the ChamberChoice Business Insurance program. Members of the ChamberChoice Business Insurance Program, who placed their insurance coverage with Penn National Insurance during the 2016/2017 program year and remained chamber members and policyholders through the end of the program year, will receive a dividend equal to 3% of their total business insurance premium (excluding Umbrella premium). Over the past six years, Penn National Insurance has returned an average of 7% in dividends and a total of over $9.7 million to the business community.
Columbia Montour Chamber members enrolled in the program received an aggregate total of $9,604 back in dividends. Over the last seven years, Columbia Montour Chamber members have now received over $240,000 in dividends.
“This program is not only a great benefit to our members, but has made a significant economic impact by putting dollars back into our local community and member businesses,” said Columbia Montour Chamber president Fred Gaffney.
An important aspect of this group insurance program is preventing loss and controlling claims costs. Because dividends are based on the group’s collective loss experience, a business that may have had a significant loss may still be eligible to receive a dividend.
The program is sold exclusively through local, independent agents who can offer chamber members a variety of coverages and pricing on property and casualty insurance, including business owners, commercial auto, general liability, inland marine and workers’ compensation. Dividends are paid on all of these coverages. In addition, through safety consulting, Penn National Insurance and local independent insurance agencies encourage member businesses to develop safety practices to substantially reduce or eliminate workplace injuries.
To see if this program could be a good fit for your business, contact Chamber members Associated Insurance Management at 570-275-0100, Hutchison Insurance Agency at 570-784-5550, or Henry Dunn Insurance at 570-416-0044 for a no-obligation quote.