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Your Risk Management
Partner 
In today's complex
economic times, IRMA offers public entities an
extraordinary opportunity to stabilize costs, reduce risk and better
serve
their constituencies. As a member-owned, self-governed public
risk pool,
we exist solely to provide high quality risk management
services at
substantial savings to municipalities like yours. We have
been
championing our members' needs for thirty years and are proud
to be
one of the nation's most highly regarded risk pools. Please
take a
moment to discover what IRMA can do for you.
The Value of IRMA
Money matters at IRMA and members benefit financially in myriad
ways, among them:
- A full spectrum of services to manage risk and prevent loss.
As a result, members' claims frequency has been reduced
during the past five years.
- Surplus revenue is returned to members, not private owners
or stockholders. Since 1989, the pool has given back over
$78M in interest income credits to members.
- Administrative costs are 9%-11% versus an estimated 25%
for
commercial providers.
- IRMA's pricing averages more than 30% less than the
commercial market according to Towers and Perrin
Insurance Market Study.
- Members have access to grants, awards and valuable online
services such as Police Law Institute courses and supervisor
training through My Community Workplace.
Our Advantage is Your Advantage
Our risk sharing pool
is "by the people, for the people." Professionally
managed for the benefit of its members, IRMA is dedicated entirely
to addressing the risk management needs of local governments like
yours. As a group, spreading and sharing the cost of risk with other
high performing local governments, IRMA members gain many
valuable advantages such as:
- Customized public entity coverage that exceeds the
offerings of commercial carriers and is one of the most
comprehensive programs available anywhere.
- Long-term stability of pricing and membership. The IRMA
contribution rate has increased an average of less than half a
percent
annually since 1995, and of the 92 public entities that
have
participated in IRMA since 1979, 71 remain members
in 2012.
- Flexible deductibles up to $250,000.
- Exceptional in-house claims department that responds to
members' needs beyond short term cost considerations, and
is willing to defend rather than settle when warranted.
- Litigation team comprised of experienced, proven trial
attorneys specializing in municipal defense.
- Extensive high quality risk management services including a
comprehensive risk management program evaluation,
consulting services, on-site inspections and training, and
technical services along with expansive regional training
offerings.
It is because of the participation and guidance of our members that
IRMA
continues to be one of the most distinguished public risk pools
in our
state and nation. With a delegate from each entity sitting on
the Board
of Directors, members have a direct voice in shaping the
policies and
procedures that help create success for all. We would
welcome the
opportunity to discuss further the many ways IRMA
can assist you in
building and sustaining public confidence in your
entity, and encourage
the progress that enables your town to thrive.
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