Dividend Plan for Workers’ Compensation
Over the past several years, Green Tree has been growing its book of workers’ compensation business through placement with several A-rated national carriers. Through our partnership with AmTrust, we have created a specially designed Work Comp Group Dividend Program exclusively for Green Tree work comp accounts.
There is no better time to move your coverage. AmTrust is one of the largest writers of workers’ compensation insurance across multiple industries, including the wood niche through Green Tree. Now, through our exclusive program, all policies over $500 premium are eligible for the dividend plan.
If you are interested in this exclusive program and think your account will qualify, send in your WC submission to newbiz@plmins.com — or reach out to info@greentreerisk.com with any questions.
National Dividend Specifications
20% Maximum Group Dividend
The program will be effective on June 1, 2024.
More info and exclusive features of the dividend program are found below.
- ACORD 125 – General Information, ACORD 130 – Work Comp, applications
- A narrative or additional information about the operations and controls in place
- Payroll and employee count by class code
- Loss runs & summary for the current year and at least 4 prior years’ experience (explain any loss > $10K)
- Experience Mod Worksheet
- Expiring payroll and premiums
- Broker accounting contact info (for commission statements and checks)
Program Specifics
- No penalty should you decide to switch coverage from your current carrier
- You can carve out coverage from your PEO / payroll company
- The program is based on the group’s experience and not the individual’s experience. This provides a better chance to receive the dividend.
- Each program year is independent of one another
- Dividend will be paid to each insured based on their net earned premium as a percentage of the book
- Dividend will be paid annually
- Dividend payments will be made directly to insureds by AmTrust
- This program is underwritten by AmTrust North America
- Program is non-assessable – you will never be asked to make up shortfalls in premiums to cover losses
- Program contains a No Recapture Clause – once dividends are paid to you they will never be recalled
- Multiple payment options available
Ultimate Loss Ratio | Dividend |
---|---|
26% | 20.0% |
37% | 10.0% |
47% | 5.0% |
56% | 0.0% |
AmTrust North America has been a true partner to Green Tree Risk Partners for many years. With the resources of a company rated A- (Excellent) by A.M. Best, we are able to provide this exclusive dividend program that is like no other for the lumber, woodworking, and building materials industries.