Over $9 Million in Dividends Returned to ChamberChoice Participants
Penn National Insurance has announced a 10% dividend for the sixth program year of the ChamberChoice Business Insurance program. Members of the Chamber Choice 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 10% of their total business insurance premium (excluding Umbrella premium). Over the past five years, Penn National Insurance has returned an average of 7.4% in dividends and returned to the business community and region over $9 million in total.
“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,” said Linda Robbins, Director of Operations, Erie Regional Chamber and Growth Partnership.
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 Penn National Insurance program is just one of many benefits of chamber membership. For more information, contact the ERCGP office at 814-454-7191 for a list of member agents or visit our website at eriepa.com.