A Short but Deep History in Workers Compensation
AmTrust Financial Services began in 1998 in downtown Manhattan by entrepreneurs George and Michael Karfunkel, and current Chairman, CEO and President Barry Zyskind. When started the organization was founded it had a plan to focus on niche specialty property and casualty markets. The group of founders believed these markets were underserved by larger insurance carriers. AmTrust attempted to focus on classes of business with lower risk loss profiles. An additional commitment was to innovation in small business insurance. AmTrust Insurance has more than 7,000 employees and serves approximately 70 countries.
How has AmTrust Established Trust so Quickly?
AmTrust North America is one of the fastest growing insurance companies in the comp industry. The company has grown from $526 Million in 2006 to over $4.1 Billion in 2014. The company has an “A-” rating from A.M. Best. Additionally the carrier ranks as the 3rd largest workers’ compensation carrier in the United States. With their dominance in the workers’ compensation market the business tries to focus on offering a Business Owners Package in addition to small businesses workers compensation solutions so business owners can secure all coverages with one company.
Amtrust has been able to gain the trust of many agencies throughout the country by offering low rates for very specific target class codes by focusing on claims management, by focusing on employee recovery time, by offering a free loss control website for policyholders, and by developing one of the strongest Pay as You Go Workers Compensation Programs in the industry. Since it was founded in 1998, AmTrust has focused on steady stable growth through acquiring multiple similar companies. Some of the key targeted acquisitions have allowed the carrier to offer one of the most diverse underwriting portfolios in the industry. Like most insurance carriers, AmTrust is extremely targeted in which appetites they have are hungry to quote, but each additional acquisition has allowed them to ad to their strong portfolio. They grow increasingly strong in the small and medium size markets.
AmTrust Specific Pricing
AmTrust has gained a competitive advantage by focusing primarily on small and medium sized businesses, that leadership believes are underserved by larger insurance carriers. Leadership has found five industries where the company is hungry to offer coverage. those industries include: Food, Contractors and Construction, Auto Repair, Apparel Manufacturing, and the Service Industry. This specific focus on these industries and businesses in the small to medium size allows AmTrust to offer more then competitive rates.
Our agency works with AmTrust Insurance Company throughout the United States to offer some of the very best prices on workers compensation coverage for the industry class codes they target. If your listed in one of the above classes an AmTrust quote may definitely benefit your business.
Get started online with a quote or give us a call today at 888-611-7467 to find out if one of our Specialist can help save you money on insurance.