Our Rhode Island Workers Compensation carrier, Beacon Mutual, announced the distribution of an average seven percent dividend to be distributed starting March 16th, 2023.
The dividend will be a one-time payment to all eligible policyholders. The dividend will be distributed to approximately 97% 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, 2022 and still in force as of February 28, 2023. 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.