Penn National Insurance is pleased to support commercial policyholders participating in the Tri-County Business Insurance Program by declaring a 6% dividend ahead of schedule.
The program offers chamber members of the Burlington County Regional, Camden County Regional and Gloucester County chambers of commerce affordable, comprehensive coverages on property and casualty insurance, including businessowners, commercial auto, general liability, property, inland marine and workers’ compensation. In addition, through safety consulting, Penn National Insurance encourages member businesses to develop safety practices to substantially reduce or eliminate workplace injuries.
Not only is this program a great benefit for chamber members, it also has an economic impact to the region, because dollars generated through premium and then paid in dividends stay in the region. Over $1.5 million has been returned to members since the program’s inception in 2012.
Dividend payments accelerated in response to economic challenges presented by COVID-19
Tri-County Business Insurance Program is one of six safety group programs that will receive dividend payments totaling $2.5 million up to four months ahead of schedule. Accelerating the calculation and distribution of the dividend payments is aimed at assisting business owners confronting the economic consequences of the pandemic.
The Tri-County Business Insurance Program is just one of many benefits of Burlington, Camden or Gloucester County Chamber membership. For more information, on the program, visit www.tccbip.com
Penn National Insurance (www.pennnationalinsurance.com), founded in 1919, in Harrisburg, Pa., sells property-casualty insurance in 11 states, through a network of more than 1,200 independent agency operations. The company wrote $749.6 million in net written premium in 2019 on $663.7 million in policyholders’ surplus, and total assets exceeded $1.8 billion. The company employs approximately 830 people in its 11-state sales and service territory.
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