Profit Sharing
In order to keep the cost to each member livery base as low as possible, the Board of the Livery Fund has entered into an agreement with Hereford Insurance Carrier, the carrier for the Fund, that will enable the Livery Fund to share in the profits each year depending upon, among other tings, the losses incurred in each particular year.
The most recent profit sharing Memo details the losses and profits for the applicable years to date (2010, 2011, 2012, 2013, 2014, 2015 and 2016)