Acadia Insurance to Distribute Premium Dividends to Eligible PLC Safety Group Members
WESTBROOK, Maine (October 13, 2015) Acadia Insurance, a W. R. Berkley Company®, recently announced that it will pay approximately $250,000 in premium dividends to eligible policyholder members of the Professional Logging Contractors of Maine (PLC) Safety Group. Since 1999, Acadia has distributed over $6.2 million in premium dividends to eligible participants of this safety group.
Founded by Acadia Insurance, the PLC Safety Group dividend program rewards logging companies and sole proprietors for having a safe workplace by refunding a portion of their insurance premium if certain measures are met by the entire safety group. In addition, Acadia Insurance, in coordination with the PLC, provides risk management and mitigation expertise to members to help ensure the long-term sustainability of the logging industry in Maine.
“We value the longstanding relationship we have with the Professional Logging Contractors of Maine and its members and are proud to support them by offering comprehensive insurance and risk management services,” said Jonathan Becker, Regional Vice President of Acadia Insurance’s Maine office. “That is why our safety group program rewards participating members by returning a portion of their premiums to eligible group members when the group meets or exceeds established loss ratio targets.” The PLC of Maine has been serving loggers since 1995 and aims to give independent logging contractors a voice in the ever changing logging industry. The PLC focuses on advocacy, safety, quality operations and business innovation for loggers.
The PLC is a logging organization run by loggers that understands the importance of the logging industry and its impact on the Maine economy.
For more information about the Professional Logging Contractors of Maine Safety Group, please contact Kim Farquhar, Marketing Director, Acadia Insurance, at .