LancasterThriving_WinterSpring2017 - 40
WITH DIVIDEND POTENTIAL
Business insurance that could pay you back?
Absolutely! Since 1994, bizSure, a cash back
insurance program, has paid more than $3 million
in dividends to eligible members*.
In the United States, a benefit corporation is a type of
for-profit company currently authorized in 30 states,
including Pennsylvania, and the District of Columbia.
The Commonwealth requires state businesses to have a
"corporate purpose" of creating public benefit in order to
file articles of incorporation or amend existing articles to
elect benefit corporation status. So incorporated companies
must provide an Annual Benefit Report to shareholders
describing its public benefit during the preceding year.
Over $3 million
in dividends paid since 1994
Available only to eligible Lancaster
Chamber members, bizSure is a
complete business insurance program,
including discounted premiums on
Workers' Compensation, Property,
General Liability and Automobile Liability.
To learn more about
bizSure, current and
members should visit
*By law, dividends cannot be guaranteed. They must be declared by the board of directors of the insurance company. Standard underwriting
criteria and eligibility rules apply to all applicants. Chamber membership does not guarantee acceptance into the bizSure program.
Modo, a web and web application design studio in
Lancaster, became a benefit corporation last year. The
company, which has national and international clients
working to drive social change, earned its B Corp
certification in 2010.
"Many of the clients we had were B Lab certified, so we
thought, 'we're in great company, they're our clients, we
share similar philosophy in how we work,' so we wanted
to be B Lab certified as well," recalls Kristine Newswanger,
co-founder and managing principal at Modo. "We enjoyed
being the first B Corp in Lancaster County and the southcentral PA region, and still do believe in the social
But Modo made the decision to discontinue certification in
favor of reincorporating.
"While the social impact mission is still paramount to us,
the certification did not hold more value for us than the
Benefit Corporation incorporation," she says, pointing to
the significant staff time for their small firm and annual fees
associated with maintaining certification status.
Whether it's certification or incorporation, Coleman, of
ASSETS, says it's all about "using the power of the private
sector and business to transform communities."
"It's not a zero sum game," he says. "A business doesn't thrive
unless the community's thriving." LT
BY ADAM AURAND,
Director of Marketing and Public Relations,
Thaddeus Stevens College of Technology
Contact Adam at:
40 | LANCASTERTHRIVING! | Winter/Spring2017