Beacon Mutual Offering 5% Dividend to Qualifying Customers

Beacon Mutual Offering 5% Dividend to Qualifying Customers

January 13, 2022

Our Rhode Island Workers Compensation carrier, Beacon Mutual, announced the distribution of an average five percent dividend to eligible policyholders to be paid in March 2022.

Beacon will complete dividend distribution in March 2022 as a one-time payment to all eligible policyholders. The dividend will be distributed to approximately 96% of Beacon policyholders, 11,000 Rhode Island businesses, based upon their loss history.

This dividend program is designed to reward Beacon’s best performing policyholders and will be distributed based on premium size and safety results for policies in force as of December 31, 2021 and still in force as of February 28, 2022. This dividend recognizes policyholders who have contributed to Beacon Mutual’s financial strength by demonstrating safety as a priority in order to keep workers safe and losses low.

Please note, not all of Beacon Mutual customers will qualify for this dividend due to current claims activity but it is estimated that 96% of our clients will receive this much needed and well timed dividend. "It is in the mutual best interest of Beacon and our policyholder owners to distribute these funds to be invested back into their businesses. We hope that the dividend will allow business owners to invest in improvements in their workforce, facilities, training, safety and prevention programs," Brian Spero, President & CEO of The Beacon Mutual Insurance Co.