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Home > Property Insurance Coverage > Home Owners Insurance > Preferred Mutual Insurance Company
Preferred Mutual Insurance Company
Preferred Mutual has been providing quality insurance products for over 100 years. Their beginnings go back to 1896, when the Company was founded by Frank E. Holmes, in New Berlin, New York. Offices were located in New Berlin's Grand Opera House and employed six people.
Preferred Mutual Insurance Company is located in New Berlin, New York. Their values include Responsiveness to the needs of their policyholders, agents, and employees, and a personal caring attitude, Professional growth and well-being of their employees, Community spirit and support for projects that enhance the quality of life, financial strength and stability through progressive management and effective planning and Preferred is the insurer of choice, employer of choice.
Preferred Mutualproducts are marketed through over 400 independent agencies in New York, New Jersey, New Hampshire, and Massachusetts. Today,Preferred Mutual employs 242 people, has a surplus of $100.5 million and direct written premium of $176.3 million at year end 2004.
Their success in 2004 extends well beyond their favorable operating results. The Company continues to make very significant progress on a number of strategic objectives, including continued enhancement of their technology platform, refinement of their operational and strategic planning processes, enhancement of the level and quality of data for risk selection and rate-making decisions, and an update and refinement of their business recovery plan.
All of their strategic initiatives are squarely focused on the achievement of their two primary strategic objectives which are to become the insurance provider of choice in their market segment and the employer of choice in their geographic area. The most satisfying rewards for accomplishment come from external sources who grade you compared to your peers.
Insurance is a way to manage risk by providing you with the support to face financial losses due to a tragedy or accident. It involves paying a premium according to the property subjected of insurance and the type of protection you want to give it among other aspects.
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