Arbormax Insurance

[timber12]

Anyone out there have experience with Arbormax Insurance? Good or bad?
Thanks

 

[CreTree]

Good luck! Call farm Family. Arbor max is hard to get if you are a small company.

 

[tomthetreeman]

I looked into it and the rates are almost double what I pay. I believe there are advantages, especially long term, but for a small company I feel like I'm already paying too much. Also, like CreTree said, there are company payroll size requirements (I believe for WC) that are not small company-friendly.

-Tom

 

[marlinspiker]

Arbor max offers the lowest WC rate I can find although the gl is twice that of farm family. The savings in WC trumps any savings I would get from a cheaper GL. Farm family does not currently offer WC in this market but when they do I will be reevaluating my situation. I will say Arbormax is extremely responsive to my needs. Oh yea, you have to be a CTSP to get the WC.

 

[tomthetreeman]

What's the rate? I am at 16.8% and 18.7%, respectively for MA and RI. These numbers may not be exact, but they are close.

-Tom

(PS - Apparently the rules have changed; when I talked to the AM guys in Bath, ME in Fall of 2011, you needed a minimum of 1 million in eligible payroll.)

 

[marlinspiker]

My payroll is 100k. My rate is 27.5. Rates vary from state to state but this is considered low for mine. I was at 38.

 

[timber12]

Thanks for the info

 

[craneguy1]

[ QUOTE ]
What's the rate? I am at 16.8% and 18.7%, respectively for MA and RI. These numbers may not be exact, but they are close.

-Tom

(PS - Apparently the rules have changed; when I talked to the AM guys in Bath, ME in Fall of 2011, you needed a minimum of 1 million in eligible payroll.)

[/ QUOTE ]


Wow. About 8-10 years ago the state of ohio jumped to 43% across the board...glad we are part of a private group, saved us about 50%. It does cost us about 10k per year to belong but still saves money in the long run...fyi our saftey record is stellar...knock on wood. "Aint no tree worth dying for" is our motto.

Edit to add..

A million in payroll? Holy crap...limited market there. Wouldn't that put you close to being able to be a "self insured" company? Is that still around or did obama 86 that too?

 

[tomthetreeman]

1 million in payroll is not that big a company, but bigger than I would like to be… Regardless, it may be irrelevant if ArborMax doesn't use that as a barometer anymore.

-Tom