Compensation Risk Managers, LLC (CRM) Trusts Reach $100 Million Mark in Written Insurance Premiums
CRM a New York State leader in the organization and administration of Workers’ Compensation Trusts, today announced that it has reached the $100 million mark in written insurance premiums. At present, more than 1800 businesses across the State participate in CRM-administered Trusts for contractors, real estate management firms, public entities, transportation companies, healthcare organizations, manufacturers, wholesalers and retailers. The Trust format is in increasing demand, according to Dan Hickey, founder and president of CRM, which employs 60 in its new Poughkeepsie headquarters and in satellite offices throughout the State. “More and more we are finding that New York businesses are turning to the Trust mechanism for statutory workers’ compensation coverage, as a means of controlling price through greater self-governance and self-determination in insuring.”
(PRWEB) June 18, 2003
Poughkeepsie, N. Y. (PRWEB) June 16, 2003 – Compensation Risk Managers, LLC (CRM) a New York State leader in the organization and administration of Workers’ Compensation Trusts, today announced that it has reached the $100 million mark in written insurance premiums. At present, more than 1800 businesses across the State participate in CRM-administered Trusts for contractors, real estate management firms, public entities, transportation companies, healthcare organizations, manufacturers, wholesalers and retailers.
The Trust format is in increasing demand, according to Dan Hickey, founder and president of CRM, which employs 60 in its new Poughkeepsie headquarters and in satellite offices throughout the State. “More and more we are finding that New York businesses are turning to the Trust mechanism for statutory workers’ compensation coverage, as a means of controlling price through greater self-governance and self-determination in insuring.”
According to Mr. Hickey, “In addition to the substantial savings realized, businesses benefit from CRM’s responding directly to participants and providing risk management expertise to control costs.”
Mr. Hickey also credits CRM’s growth to the dedication of key agents. “CRM’s guiding philosophy has always been to provide our products and programs through the independent agency system exclusively.” Mr. Hickey added, “Our agents understand the value of the Trust model and bring us those clients that are a good fit.”
CRM, founded in 1999, is an innovative, full service WorkersÂ’ Compensation Trust administrator specializing in several classes of businesses: construction, transportation, healthcare, wholesale, retail, real estate management, manufacturing and public entities.