Chambers of Commerce Service Corporation (CCSC) is pleased to announce that Penn National Insurance has declared a 3% dividend for the ChamberChoice Business Insurance programís eighth consecutive year.† Members, who placed their insurance coverage with Penn National Insurance during the 2017/2018 program year and remained active chamber members and policyholders through the end of the program year, will receive a dividend check during the month of June. This yearís dividend totaled over $897,000. Since the programís inception, total dividends returned to business communities throughout Pennsylvania exceed $9.7 million.
The ChamberChoice Business Insurance program is just one of many benefits of that CCSC offers its member Chambers. The partnership between Penn National Insurance and CCSC was designed to provide a value-added membership benefit that would help Chambers attract and retain members.
An important aspect of this group insurance program is preventing loss and controlling claims costs. Because dividends are based on the groupís collective loss experience, a business that may have had a significant loss may still be eligible to receive a dividend.
The program is sold exclusively through local, independent agents who can offer chamber members a variety of coverages and pricing on property and casualty insurance, including businessowners, commercial auto, property, general liability, inland marine and workersí compensation. Dividends are paid on all of these coverages. In addition, through safety consulting, Penn National Insurance and local independent insurance agencies encourage member businesses to develop safety practices to substantially reduce or eliminate workplace injuries.