Anabaptist Group Insurance Program

Tuesday, August 14, 2018  |  Trent Hess
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Are you interested in a Mennonite Group Business Insurance Plan that gives you the opportunity to earn back some of your premiums?

The Mennonite Group Business Insurance Plan is an insurance program for business owners who are members of Anabaptist-related churches. Eligible business owners who purchase business insurance through BCF Group could earn an annual dividend, depending on the total group premium and claims experience.

Participating in the program provides an opportunity for like-minded Anabaptists to bring their resources together with the goal of earning returns, in the form of dividends, for the group’s good loss performance.

*Eligible denominations are: Mennonite, Brethren in Christ, and Church of the Brethren.

Eligible lines* offered through this program include:

  • Businessowners
  • Property
  • General Liability
  • Commercial Auto
  • Workers’ Compensation
  • Inland Marine

This program provides the comprehensive coverages you need at competitive pricing:

  • PennPac® – our enhanced coverages on auto, businessowners, property, workers compensation, and general liability – giving you added protection at no additional cost
  • Equipment breakdown coverage automatically included with businessowners and property policies
  • Eligible Anabaptist-related churches include all Anabaptist-related churches except Old Order Amish.
  • Information and services to help reduce losses – the payoff is greater dividend potential
  • Outstanding, local claim and customer support service

* Subject to individual risk characteristics, loss experience and underwriting guidelines.

How It Works

Dividend earned is based on the total group premium and claims experience of eligible lines.

For example: If group premium is: $2 Million and group loss ratio is: 16%

Group dividend is: 15%

If member premium is: $10,000

Dividend earned will be: $1,500

Dividend payments are based upon program eligibility and are not guaranteed.

 

To get started, contact Trent Hess, Business Insurance Professional, 717.560.7730 • TrentH@BCFGroup.net

 

 

 

Read 251 times Last modified on Sunday, 19 August 2018 11:13

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