Retailers in New York Save 51% on their Workers’ Compensation

Friedlander Group announces a 35% dividend paid to members of the Retail Group of New York Workers Compensation Safety Group #544*.

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Provider: 
Business Wire, Inc.
Retrieved on: 
Wednesday, October 23, 2019
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Tags: 
Professional services, Retail, Other Retail, Insurance, Human resources, Consulting, Economy, Dividend, Shareholders, Retail, Workers' compensation, Microeconomics, Draft:Adam Friedlander
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United States, NEW YORK
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Summary
Key Points: 
  • Friedlander Group announces a 35% dividend paid to members of the Retail Group of New York Workers Compensation Safety Group #544*.
  • The combination of the 25% advance group discount and 35% dividend resulted in retailers saving more than half on their workers compensation costs.
  • Friedlander Group manages seven Workers Compensation Safety Groups for retailers, restaurants, wholesalers, hotels, oil dealers, and home health care and residential care facilities.
  • *The Retail Group of New York Workers Compensation Safety Group #544 and all mentioned Safety Groups are underwritten by the New York State Insurance Fund, 199 Church St. New York, NY 10007
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Friedlander Group announces a 35% dividend paid to members of the Retail Group of New York Workers’ Compensation Safety Group #544*. The 35% paid dividend is in addition to the 25% advance group discount clients have already received on their policies effective from March 1, 2018 - March 1, 2019.

The combination of the 25% advance group discount and 35% dividend resulted in retailers saving more than half on their workers’ compensation costs. A member with a standard premium of $10,000, only paid $4,875 after discounts and dividends. That represents a total savings of 51%.

“By focusing on keeping their employees working and safe, clients have benefited from increased productivity and profits, along with unparalleled workers’ compensation savings,” says Adam Friedlander, President and Group Manager. Friedlander shares his expertise knowledge of how employers can operate at optimal levels in Safety and Workers' Compensation Strategies to Unleash Productivity and Profits.

Clients across multiple industries have now been paid a total of $244 million in dividends and, when combined with advance discounts, saved a total of $550 million on their workers’ compensation costs. Friedlander Group manages seven Workers’ Compensation Safety Groups for retailers, restaurants, wholesalers, hotels, oil dealers, and home health care and residential care facilities.

In addition to the Safety Groups, Friedlander Groups’ Workers’ Care™ program specializes in workers’ compensation for clients that struggle with safety or are outside of the mentioned industries. Friedlander Group focuses on lowering these clients' premiums through expert Claims Solutions™, Self-pay techniques, Fraud Prevention Services, Audit Services, Safety Services, Unique Reporting and Underwriting Services.

For more information contact Cosmo Preiato, Executive VP., 800-394-7004, ext. 203 or email [email protected].

*The Retail Group of New York Workers’ Compensation Safety Group #544 and all mentioned Safety Groups are underwritten by the New York State Insurance Fund, 199 Church St. New York, NY 10007

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