Retail Council Offers New Benefit to PSSNY Members!!
Call 800-442-3589 to learn more!!
Pharmacists can now save up to 60% on their workers' compensation insurance thanks to a new membership benefit in PSSNY. We're working in conjunction with the Retail Council of New York State to bring PSSNY members Safety Group 493, underwritten by the New York State Insurance Fund (NYSIF).
More than 170 pharmacies already participate in the Retail Council's Safety Group because it is simply the best deal available for our industry in New York State. Just look at the many benefits:
40% average savings thanks to annual dividend*
Eligible pharmacies who participate in the Retail Council's Workers' Compensation Safety Group just received checks for close to half of the premiums they paid in policy year 2006 back in the form of a dividend. The 40% dividend represents a return of more than $5 million to the 1,300 retailers who participate in the group.
Such savings isn't new to Retail Council members. Dividends have been awarded for 29 consecutive years averaging 40%, and since 1978, members of Safety Group have received more than $82 million in dividend returns.
Upfront policy renewals
In addition to the dividend, eligible pharmacies can receive an upfront premium discount of up to 20% each policy year. Add this to the 40% dividend and you can quickly see how the Retail Council's workers' comp coverage is hard to beat!
Additional Savings for 2008
Thanks to recently enacted legislative reform of the state's workers' compensation insurance system, rates for this insurance are being cut an average of 20% for 2008 policy renewals. Members of Safety Group 493 will also see a significant reduction in the NYS Assessment, an annual charge to all workers' compensation policyholders for administrative expenses and special funds. The assessment for our Safety Group policyholders with NYSIF will be only 6.6% for the 2008 renewal – that's a savings of 65% over what policyholders paid in 2007!
With the New Year right around the corner and many workers' comp policies up for renewal, now is the time to act on this money-saving program. Call the Retail Council at (800) 442-3589 for your free, no-obligation quote on workers' compensation through Safety Group 493. The Retail Council's website is another great resource – www.retailcouncilnys.com.
Safety and Security - The Retail Council's Safety Group is not self insurance, nor do our participants incur any "joint and several liability" risks as do those in self-insured trusts. The Retail Council's Safety Group is a fully insured plan and is completely underwritten by the New York State Insurance Fund.
* A dividend cannot be guaranteed.
Call 800-442-3589 to learn more!!
