In January, the American Booksellers Association announced a near-record dividend for policyholders of its LIBRIS (League of Independent Book Retailer Insurance Services) insurance program. Now, dividend checks representing three percent of a business' annual premium are on their way to participating ABA member bookstores. (Non-ABA participants will receive a one percent dividend.)
This year's dividend is the second highest to be distributed since 1999 and the sixth dividend issued since the LIBRIS program was developed by ABA and insurance brokerage firm Beecher Carlson in 1997.
LIBRIS offers independent bookstores business property, liability, and workers' compensation insurance, as well as coverage for property at book fairs and expositions, for cafés and restaurants, and Internet service protection (available to ABA members only.)