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Amerisafe
Amerisafe

-4.22%

Insurance and reinsurance / Workers compensation insurance

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Company at a Glance

Overview
Amerisafe is an insurance company based in DeRidder, Louisiana. It was founded in 1986 and specializes in providing workers' compensation insurance to small and mid-sized businesses in high-risk industries. The company operates in 27 states, primarily in the southeastern and mid-western regions of the United States.
Amerisafe's mission is to provide quality insurance coverage and services to its policyholders while maintaining a fair and profitable business. The company prides itself on its strong financial stability and its commitment to prompt and fair claims handling.
In addition to its workers' compensation insurance offerings, Amerisafe also provides safety and risk management services to help businesses mitigate and prevent workplace injuries and accidents. The company also offers a variety of resources and tools for policyholders, including online claim reporting and safety training materials.
Amerisafe is a publicly traded company on the NASDAQ stock exchange under the ticker symbol AMSF. It has received numerous awards and accolades for its financial performance and customer service, including being named one of the "Best Places to Work in Insurance" by Business Insurance magazine.
Overall, Amerisafe is a reputable and established company that is dedicated to providing reliable insurance solutions and outstanding customer support to its policyholders.
What is special about the company?
1. Focus on high-risk industries: Amerisafe specializes in providing insurance solutions for high-risk industries such as construction, trucking, logging, oil and gas, and more. This allows them to have a deep understanding of the unique risks and challenges faced by these industries, resulting in tailored insurance solutions.
2. Strong financial stability: Amerisafe has a strong financial stability with high ratings from independent rating agencies such as A.M. Best and Standard & Poor's. This demonstrates their ability to meet their financial obligations and provide long-term security to their clients.
3. Expertise in workers' compensation: As a leading provider of workers' compensation insurance, Amerisafe has a team of experienced underwriters, claims adjusters, and risk management specialists who have in-depth knowledge of state regulations and industry trends.
4. Commitment to safety: Amerisafe's mission is to provide a safer workplace for their clients' employees. They offer various risk management services, including safety training and resources, to help prevent workplace injuries and reduce workers' compensation claims.
5. Outstanding customer service: Amerisafe is known for its excellent customer service. They have a team of dedicated professionals who provide efficient and personalized support to their clients, including claims management, loss control, and risk management services.
6. Innovative technology: Amerisafe utilizes advanced technology to streamline their processes and provide convenient online services for their clients. This includes online claims reporting, policy management, and training resources.
7. Community involvement: Amerisafe is committed to giving back to the communities where their policyholders and employees live and work. They support various charitable organizations and participate in volunteer activities to make a positive impact on local communities.
What the company's business model?
Amerisafe is a specialty provider of workers' compensation insurance for high-risk industries such as construction, manufacturing, and healthcare. The company's business model is to underwrite and sell insurance policies to businesses in these industries, collect premiums, and provide claims and risk management services. The company focuses on developing long-term relationships with its customers and providing specialized expertise and personalized customer service. Amerisafe also maintains financial stability by carefully managing risk and investing premiums to generate income.
Interesting facts about the company
Here are some interesting facts about Amerisafe:
1. Amerisafe was founded in 1985 as American Interstate Insurance Company with a focus on providing workers’ compensation insurance to small and mid-sized businesses.
2. The company changed its name to Amerisafe Inc. in 2002 and went public on the NASDAQ stock exchange.
3. Amerisafe is based in DeRidder, Louisiana and has approximately 1,500 employees.
4. The company operates in 31 states and insures more than 60,000 businesses.
5. Amerisafe has been recognized as one of the fastest-growing insurance companies in the United States.
6. In 2015, the company was named to Forbes’ list of America’s 50 Most Trustworthy Financial Companies.
7. Amerisafe has received numerous industry awards and recognition for excellence in customer service, underwriting, and overall performance.
8. The company has a strong focus on workplace safety and offers resources and services to help businesses prevent and mitigate workplace injuries.
9. Amerisafe is committed to giving back to the communities where its employees and policyholders live and work, through a variety of charitable initiatives and volunteer opportunities.
10. Despite its success, Amerisafe remains true to its roots as a small-town company with a strong sense of community, integrity, and service.
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