The ABC of Wisconsin Sentry Insurance Safety Dividend Program is making substantial payments to 2021 participants. The total dividend paid to participants was $430,000, which is a return of more than 12% of the non-workers compensation lines premium. The dividend is made possible by a loss ratio of 35.1% on the non-workers compensation lines.
A loss ratio dividend, based on performance of the group on non-workers’ comp. business lines, has been paid in each of the last four years; essentially since the program was large enough. As always, payments are being delivered to participants through respective agents.
“The program is performing the way we had hoped it would when it was established more than five years ago,” said John Mielke, ABC of Wisconsin president. “We are very pleased with the partnership and optimistic about its potential growth and dividends in the future.”
The partnership between ABC of Wisconsin and Sentry was established because both share a mutual interest in promoting safety. Sentry was interested in offering a program that provides additional financial rewards to ABC of Wisconsin members who demonstrate their commitment to running safe businesses.
This dividend applies to non-workers’ compensation insurance package lines, excluding equipment breakdown and umbrella coverage.
Learn more about the program and find participating agents through this link.