Clients

“…Pleased to recommend the services of American Risk Managers.

“The immediate benefits of their services were a 47% premium reduction and much broader protection.

“Savings and protection of this magnitude will enable our companies to be more competitive, increase market share and profits, and most importantly, improve the safety and well-being of our staff.”

—Refreshments of Tennessee & Refreshments, Inc.

“Through their expertise and unique Risk Management methods, they have consolidated our coverage, upgraded our coverage, eliminated overlaps in coverage, eliminated gaps in coverage, and instilled a competitive environment by bidding our insurance to several reputable brokers and agents…

“Provided us with invaluable information which allowed us to evaluate the bids on an apples to apples basis.

“…Resulted in a savings of over 35% in annual premiums, which far exceeds their consulting fee.

“In addition, we will be reaping the benefit of these premium reductions for years to come.”

—Corinth Coca-Cola Bottling Works

“…Professional, conscientious and totally committed to serving our interests.”

—Thomasson Lumber Company

“We appreciate the assistance that the American Risk Managers team has been to Telapex and our affiliates…

“The sound advice that you have given to us has been very helpful. We appreciate the professional manner in which you represented us both in the evaluation of various offerings and in our relationship with the various agents/carriers with whom we have had an association over the years.”

—Telapex

“As a result of handling the bid process in placing of insurance coverages…we saved money on our annual premiums.

“In addition, we now have the assurance of having the right amount of coverage in all areas.”

—Warren County Utility District

“…Impressed with your insight, knowledge, and professionalism.

“…Enabled us to receive competitive proposals from the best in the insurance markets with a comfort level that someone was looking out for our best interest.

“American Risk Managers has been a valuable resource for Sunshine Mills for over 20 years. Their expertise in handling our insurance needs has been exceptional throughout the years.

“Their work resulted not only in a significant reduction of premium for us, but also in some improvements in coverage.”

—Southwest Tennessee Electric Membership Corporation

“It is with pleasure and lack of reservation that I recommend the services of American Risk Managers (ARM).

“The professionals at ARM provided practical information applicable to Jackson Energy Authority’s specific needs by keeping their presentations simple and to the point.

“The Authority saved a considerable amount in premiums while strengthening coverage in a number of areas each time ARM was employed.

“Not only are they professional and knowledgeable, they are prompt, reliable and sensitive to time constraints and deadlines.

“I am confident that anyone who selects ARM as a service-provider will experience the same level of outstanding service and commitment we have enjoyed.”

—Jackson Energy Authority

“…Enabled us to receive additional proposals from insurance companies of equal rating to our current carrier, with ultimate placement with our current carrier…

“…Resulted in increased coverage at substantial savings to the cooperative.”

—Baldwin EMC

“…Services handled in a very professional manner with all survey and bid specifications thoroughly researched and documented.

“Able to upgrade our coverage and assist us in placing our insurance with a company equally rated with our previous company, at substantial savings.”

—Farmers Telephone Cooperative

“American Risk Managers’ experience and unbiased advice has provided our company and the respective affiliates with a much better understanding of its insurance needs, which has created an improved overall insurance package.

“…The fees experienced by our company and affiliates have been more than offset by the lower insurance premiums.

“The results are conclusive. Walter Haney and his staff have provided a more competitive environment by bidding our insurance needs; improving our overall insurance coverage, and creating a more in-house awareness of what is insured, and most importantly, an understanding of what is not insured.”

—Brindlee Mountain Telephone Company

“Otelco has worked with and come to rely on Mr. Walter Haney and American Risk Managers for several decades. During this time, Otelco has been in a period of rapid growth, primarily through the acquisition of other companies in the telecommunications industry, as well as completing our initial public offering of OTT.

“…Helped guide us through these busy times by providing the expertise to avoid the risk inherent to corporate growth, assisting with the necessity of getting acquired companies under our coverage, and coaching us on how to minimize our insurance expense while retaining coverage necessary to protect our business and its shareowners.

“…Provided the expertise to allow us not to hire ‘Risk Management’ expertise on our small staff, thus lowering our internal workload.

“…Reduced our insurance costs while maximizing the protection of both our human and corporate assets. We feel that your annual retainer is well worth our ‘investment’ in the expertise, service and peace of mind you provide.”

—Otelco

Video Testimonials

A Savings Checkup

After turning their entire Risk Management operation over to American Risk Managers (ARM), a mid-sized hospital client said they enjoyed “a true partnership,” as well as many other benefits. Premium savings for this hospital were more than 50%.

Coverage enhancements included:

• Significant increases in limits for Directors & Officers Insurance. (Dealing with top management’s personal exposure when they’re not protected by the corporate shield.)
• A correction of property values. (Resulting from an in-depth asset analysis.)
• A correction of payroll classifications, which had led to inflated Workers’ Compensation premiums. (Discovered during an audit review.)
• Further dramatic premium reductions from changing a $250,000 deductible program to a no-deductible program. (Made possible by completing a detailed claims analysis.)

All of these improvements in premiums and coverage were realized by this client with their original agents through the assistance of ARM.

Besides these accomplishments, ARM also helped to prepare hospital management for meetings with their boards, banks and regulatory authorities on Property and Casualty Insurance issues.

And All Became One

One of American Risk Managers (ARM) smallest clients quickly grew into one of its largest and benefitted greatly from a consolidation of insurance programs before its rapid expansion.

Originally, this telecommunications giant was a small conglomerate, with each company purchasing its own insurance.

Coverages varied widely, from named perils to all risk on property. Deductibles ranged from $250 to $5,000. Some companies had Umbrella Policies, while others did not. Limits were all over the board.

In all, there were 47 different policies for this client.

With ARM on board, Risk Management results included a consolidation of all coverages with a total of two agents, a decrease to seven policies, and a savings of 40% in premiums.

• From close to $1 million in insured property values to approximately $500 million…
• From a few locations to more than 2,500 locations, including extensive coastal and earthquake exposures…
• From a small group of local companies to a giant corporation with a large fleet of service vehicles…

ARM has been pleased to help EVERY step of the way.

Service Leads To Sales Price Drop

Most companies believe there’s nothing they can do about their Workers’ Compensation costs.

Most companies are sadly mistaken. And many companies are paying a lot more than they should be.

Errors in payroll, errors in code entries, not including certain classification limits, and many other factors can affect Workers’ Compensation premiums.

For one large retail chain, being in an Assigned Risk Category was driving up costs.

Becoming a client of American Risk Managers was a beneficial first step for this client.

Under our direction, the next “best steps” were:

• An extensive review of Workers’ Compensation classifications and entries;
• A correction of their Experience Modification Factor. (A very costly, but common error); and
• Taking this client’s policies into the competitive private insurance markets.

These actions led to a drop of 28% in their Workers’ Compensation premium—saving THOUSANDS.

As this company expanded its 3-state operation into 14 states, ARM developed Risk Management Programs that continued to reduce their Workers’ Compensation premiums, as well as their General Liability claims.

With expansion areas that included the eastern seaboard, and wind and flood exposures, ARM also aided with the resolution of hurricane damage claim issues between this client and their insurance adjuster.

A huge part of this claim dealt with income and profit losses from the client’s business being down.

Because ARM requires its clients’ insurance carriers to provide for forensic accounting of business income losses, an independent review was completed.

An initial settlement amount of $36,000 was later increased to $170,000—$140,000 MORE than the original offer and all because this client had chosen ARM to handle their Risk Management needs.