2020 NBAA Workers' Compensation Insurance Program Dividend Announcement
Old Republic Aerospace is pleased to announce in the spring of 2020, dividends in excess of $1.2 million will be paid in association with prior program years. Participants in the program will have received over $6.5 million in dividends since the program’s inception in 2009*.
NBAA members are eligible for the association’s Workers' Compensation Insurance Program, which offers aviation workers’ compensation coverage at competitive rates, as well as an additional benefit: the opportunity to earn a cash dividend.
The program, which is underwritten by Old Republic Aerospace for 10 longstanding years, was launched to provide NBAA member companies with cost-effective insurance solutions, tailored specifically to the needs of aviation businesses. All NBAA member companies are eligible to participate in the Workers’ Compensation Insurance Program.
Policies cover all employees involved with the company’s operation, including but not limited to pilots, maintenance technicians, flight attendants, schedulers, dispatchers and administrative personnel. There are also options for companies using contract pilots, contract flight attendants and other contract crew.
*Dividends are declared by Old Republic International Corp.'s Board of Directors and are dependent upon the NBAA group loss experience and therefore are not guaranteed. Past dividends should not be considered as an indicator of future performance.