Pennsylvania Lumbermens Mutual Insurance Company (PLM) in conjunction with the Kentucky Forest Industries Association (KFIA) is pleased to announce the formation of a Property/Casualty Insurance Safety Group Dividend Plan available to the primary and secondary manufacturing members of KFIA. To be eligible to join the KFIA/PLM Safety Group Dividend Plan, you must be insured by Pennsylvania Lumbermens Mutual Insurance Company.
Why should you join the KFIA/PLM Safety Group Dividend Plan?
· PLM is an insurance company that has focused on the lumber industry for over 100 years. We understand your
business insurance needs.
· Our insures consistently give our claims handling service high marks!
· We will work with your current broker or with any broker of your choice.
· PLM is rated “A Excellent” by A.M. Best
· When the group reaches an earned premium threshold of $1 million for the plan year, a dividend calculation will be
performed and dividends, if earned, will be paid based on the following schedule:
|
GROUP LOSS RATIO
|
DIVIDEND PAYABLE*
|
|
0.00% to 10.00%
|
10.0%
|
|
10.01% to 20.00%
|
7.5%
|
|
20.01% to 44.99%
|
5.0%
|
|
45.00% to 50.00%
|
2.5%
|
|
50.01% and over
|
0.0%
|
Click here to download the form: /Portals/137/documents/KFIADividendForm.pdf
For more information or to receive a quote contact Susan Cho at 267-825-9350