FirstService Residential Buildings Net Nearly $1 Million in Dividends through Safety Group

Posted on Monday April 18, 2016

FirstService Residential is pleased to report that 265 properties in our management portfolio collectively received $981,639 in dividends by participating in Safety Group #561—the largest and most successful Workers’ Compensation Safety Group for real estate in New York State.
The Safety Group declared a dividend of 22.5% for the 2014–2015 policy period. In the majority of cases, this dividend is in addition to the 20% upfront discount FirstService Residential clients receive off the standard rates.
A safety group is a program that enables employers to pool their insurance premiums with the goal of reducing Workers’ Compensation costs. When claims for a safety group come in significantly below the industry standard, a dividend is declared and returned to the employers.
Dividend checks have been deposited in the operating account of participating buildings.

For more information, contact FirstService Residential or fill out the form below.

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