Chesapeake Employers Declares $15M Dividend

Wednesday, March 10, 2021 | 0

The board of directors for Maryland’s Chesapeake Employers’ Insurance Co. on Tuesday declared a $15 million dividend for qualifying policyholders based on their safety performance.

The dividend will be available to policyholders based on their 2021 performance, with payments beginning May 1. The carrier said dividends are based on performance and are not guaranteed.

Chesapeake said it declared $10 million dividends each year since 2018. With the latest disbursement, the carrier said it will have returned $55 million to policyholders over the past five years.

“Safety in action makes a difference for employers, workers and the bottom line,” said Tom Phelan, CEO of Chesapeake Employers Insurance. “Keeping workers safe on the job day in and day out takes commitment. That commitment should be rewarded.”