Dividend Declared for Chamber Business Insurance Program

Penn National Insurance has announced a one percent dividend for the fourth program year of the ChamberChoice Business Insurance program. Members who placed their insurance coverage with the program during the 2014/2015 program year will receive a dividend equal to one percent of their total premium. Over the past four years, Penn National Insurance has returned an average of 7% in dividends. In the four years of its existence, the program has returned over $132,000 to participating local member businesses of the Chamber.

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.

The Business Insurance program is just one of many benefits of Chamber membership. For more information about this year’s dividend, contact Fred Gaffney at fgaffney@cmpartnership.org.  To sign up for the program, call the Chamber at 570-784-2522.