Friedlander Group Announces 30% Dividend for Restaurant Safety Group

Friday, May 1, 2020 | 0

Friedlander Group announced a 30% dividend paid to members of The United Restaurants of New York Workers’ Compensation Safety Group No. 556.

The dividend comes on top of a 25% group discount already provided to businesses with policies in effect from Sept. 30, 2018 to Sept. 30, 2019.

As a result, the work comp safety group manager said the combined discount and dividend resulted in savings of more than 47.5%. A member with a standard premium of $10,000 would pay $5,250 after discounts and dividends, Friedlander said.

Safety groups provide coverage to businesses in similar industries. Premiums are then pooled, and after paying claims and administration charges, profits are paid back to members in the form of a dividend.

Friedlander Group manages work comp safety groups for retailers; restaurants; wholesalers; hotels and motels; oil and fuel dealers; and home health care and residential care facilities.