Chesapeake Employers Declares $15M Dividend| Staff Compensation Information

Wednesday, March 10, 2021 | 70 | 0 | min read

The board of directors of Chesapeake Employers’ Insurance Co. of Maryland on Tuesday approved a dividend of $ 15 million for qualified policyholders based on their security deposit.

The dividend will be available to policyholders based on their performance in 2021. Payments begin on May 1st. The carrier said dividends are based on performance and are not guaranteed.

Chesapeake announced it has paid out $ 10 million in dividends annually since 2018. With the latest payout, the airline announced that it had returned $ 55 million to policyholders over the past five years.

“Safety in action makes a difference for employers, employees and the bottom line,” said Tom Phelan, CEO of Chesapeake Employers Insurance. “Keeping workers safe at work every day requires commitment. This commitment should be rewarded. “

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