How It Works
A collection of insurance and occupational safety experts serving industry-specific members.
A Supervisory Board and service companies support the Group by underwriting membership applications, administering claims, developing safety programs for accident prevention, and managing end-of-year dividends.
Group Members Are Adequately Protected
The Group has an excess insurance policy provided by an A++ rated carrier, Safety National Casualty Company, along with protective funds that insulate the Group from the unforeseen financial burden of a catastrophic claim or unusual frequency of losses.
Member Premiums Are Protected by the Group
Each member pays its premium contribution to the Group. Premiums are invested until needed to pay claims and administrative costs. Lower overhead costs provide savings; however, the largest savings result from comprehensive underwriting, fair claims handling, managed care, and effective occupational safety and health services. These combined efforts reduce the overall risk of the Group and provide the greatest opportunity for dividend return.
