• Endorsed by the Maryland Forests Association
• Active logger, sawmill and related FPI members of MFA are eligible to particpate
• Workers Compensation, General Liability, Auto, Property and Equipment coverages

Underwritten by:

Member of the Old Republic Insurance Group

 Administered by:

To file an application or to receive more information about this Safety Group Program, contact the plan administrator, Buz Bonifant, at:

USI, Inc.
P O BOX 1407
Merrifield, VA 22116-1407

703-978-8235 or Buz_Bonifant@usisoutheast.com

 

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Program Pays Out Dividends for 2nd Year in a Row
December 1, 2004

USI Insurance Services and Bituminous Insurance Company are extremely proud to announce that a dividend was declared for the Maryland Forests Association Group Safety Insurance Program for the second year in a row. The 40% dividend represents $389,955 of returned insurance dollars to associate members for the 2003 policy year. This figure was up from the $95,853 dividend paid for the 2002 policy year. The dividend was calculated on the earned premium generated from all lines of insurance coverage, except the Umbrella, for each participant for the 2003 calendar year.

The Maryland Forests Association distributed these dividends during the month of December 2004, to all participants of the insurance program who were active members of the association during the 2003 calendar year. Delinquent membership dues for the 2003 year must be paid to the association prior to the distribution of a dividend.

The Maryland Forests Association encourages all of its members to investigate this insurance program if you haven't done so. Programs such as this should help in building our association and we suggest that you pass this success story on to any non member within the forest industry.

The Maryland Forests Association has endorsed a Safety Group Insurance Program for logging and lumbering companies, sawmills, planing and molding mills, and pallet manufacturers. This program is underwritten by Bituminous Insurance Companies and administered by Koch Insurance.

Active members of MFA are eligible to participate in the Special Group Dividend Plan. Each firm will be individually underwritten and priced based on their own merits. Individual policies will be issued to each participant. The safety group dividend plan will be applicable to Workers Compensation, General Liability, Automobile, Property and Inland Marine coverages. The Safety Group Plan offers dividends annually to each participating member, depending on the earned premium of all participating members and their overall loss experience. Dividends will be returned at a uniform rate in proportion to each policyholder's share of the total calendar year earned premium. This dividend percentage could be as high as 40%.

For more that 65 years, Bituminous has been providing the insurance protection and associated services needed by wood-related risks. Koch Insurance has been providing tailor made coverages for this unique industry for more than 20 years. Bituminous and Koch are specialists in the forest products industry and understand the special needs and risks of those business. They now have the endorsement of the Maryland Forests Association to offer this Safety Group Plan.