Safety Group Dividend Plan

Pennsylvania & Indiana Lumbermens Mutual Insurance Company (PLM/ILM) 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