“A dollar’s worth of service for every premium dollar.” J O H N W. O V E R T O N J R .
Through a sharp
focus on our clients’ objectives,
opportunities and risks, we provide guidance that helps them make better decisions. These informed decisions enable our clients to succeed in ways they couldn’t with another broker.
A
LEGACY
OF
SERVICE
Founded on a true entrepreneurial spirit in 1934 by Tilgham A. Turner, the company was established on the principles of strong leadership, corporate stability and
financial security. Knowing that superior service was the key to building long-term relationships with clients, Mr. Turner’s first step to success in the risk consulting business was forming a company of impeccable integrity. In the 1940s, John W. Overton bought Turner Insurance and quickly established the agency as one of the premier surety operations in the United States. Over the years, the company’s success has been achieved by our client focused philosophy and our commitment to developing and marketing a wide range of products. Today, Turner Insurance & Bonding operates across a number of different market sectors and offers a diverse range of products and services.
We go above and beyond traditional insurance and bonding for your projects. Our team of risk-management professionals is well-versed in technological, logistical, environmental, and regulatory advancements in business, industries, finance, insurance, alternative risk financing, and surety. This makes Turner your trusted advisor and a truly valued business partner.
SUPERIOR SERVICE IS THE KEY TO BUILDING LONG-TERM R E L AT I O N S H I P S WITH CLIENTS
UNPARALLELED
COMMITMENT
We’re all about working hard, working smart and providing unequaled service to our business partners and customers. Our philosophy is at the heart of our business operations:
Our passion for excellence delivers outstanding customer experience. We provide attention to detail and personal consideration that you won’t find anywhere else. Our people are our greatest strength. Exceptional effort and commitment by our people is at the heart of our culture. Turner has strong professional ethics. We are committed to raising professional standards across the industry and our corporate responsibility flows throughout our business from the way we operate in our marketplace, treat our people and support our local communities.
YOUR
ADVANTAGE
Privately Owned and Independent We have the flexibility and control to make decisions that are in the best interest of our clients. We are not driven by quarterly results or special regional initiatives; rather, we are focused on our clients, first and foremost.
Agile and Aggressive Our staff is empowered to make quick, strategic and tactical decisions. These decisions are made without delay and, most importantly, on the basis of your best interest. Our success depends on your ability to achieve your bottom line objectives.
Actively Involved, from Top to Bottom A senior team dedicated to your program will stay with you throughout our relationship and assist if issues arise. Your core team assumes full responsibility for your satisfaction and will ensure you receive the services and resources to meet our commitments. Everyone in our organization works diligently and collaboratively to meet your objectives and exceed your expectations. We have a culture of teamwork at all levels of the company.
Delivers Better Results We are committed to delivering results that are part of your financial and corporate objectives. We have a systematic approach to analyzing exposures, negotiating with the markets and providing options to our clients.
While these fundamental principles have proven to be
ENTERPRISE
RISK
MANAGEMENT
Analysis of the economic factors affecting your company
critical in our long-term success,
Management consulting
it is our approach to you and the
Wellness and employee benefit (utilization and return on investment)
risks you face that set us apart. We feel that we bring unparalleled commitment, the strength of
Corporate benefit plan design assistance Risk management program support Perpetuation planning Estate/net worth conservation
traditional expertise along with non-traditional experience to help you navigate the waters of emerging risks. We believe that our approach to enterprise risk management, alternative risk
A LT E R N AT I V E
RISK
FINANCING
Group captive Rent-a-captive Single parent/single cell captives Retrospective rated programs High deductible/SIR programs
financing and fee based consulting/education sets us
Private Insurance Company (PIC/831B) Health insurance captives
apart from the average risk management organization.
FEE
BASED
C O N S U LT I N G / E D U C AT I O N
Risk Management 101 “Toolbox Talks”—supervisor training Contractual risk transfer support Employment “best practices” Defense driving education OSHA compliance (audits and training) Personal financial planning
OUR
SERVICES
Regardless of the nature of your business, Turner’s array of services—combined with the talent of our risk management professionals—can be an invaluable part of your company’s overall bottom line.
Turner Risk Consultant Services Include:
Surety
Performance Based Insurance
Employee Benefits
Traditional Insurance
Risk Management
I N D U S T RY A S S O C I AT I O N M E M B E R S H I P S Alabama Asphalt Pavement Association Alabama Branch of AGC Alabama Subcontractors Association Alabama Utility Contractors Association Associated Builders and Contractors Florida Transportation Builders’ Association Mobile County Road Builders Association National Asphalt Pavement Association National Association of Surety Bond Producers
info@turnerfirst.com turnerfirst.com 2601 Bell Road, Montgomery, AL 36117 PO Drawer 230789, Montgomery, AL 36123
M O NTG O M E RY
Tel 334 244 0004 TF 800 828 8015 Ins Fax 334 244 0350 Bond Fax 334 244 6556
M O B I L E
Performance Based Insurance
Performance Based Insurance (PBI) is a risk management strategy that provides businesses with a significant opportunity to reduce their insurance costs. These programs are sometimes called “alternative risk financing.” Companies that are financially secure, desire to control their own insurance destiny, have an entrepreneurial spirit, have a good loss history and effective risk management culture in place are ideal candidates. Some examples of PBI are:
Captives (single cell, group, rent-a-captive)
Retrospective rated programs
Large deductible programs
Until now, PBI has only been available to a very select group of
more predictable pricing, and avoidance of traditional insurance
large businesses with significant premium resources. Now, PBI
carrier market swings. The net result is the company, not the
can be suitable for companies with premiums as low as
carrier, can reap the reward called “underwriting profit” when
$250,000 with a combination of general liability, automobile and
losses are low.
workers compensation coverage.
In summary, under a PBI program, your premium, the cost to
In a PBI program, a company looks and acts like a traditional
cover your risk, is determined by your historical performance and
insurance carrier and can gain ownership, more control of all
exposures. About 40-60% of your premium is used to pay your
aspects, and all costs associated with their insurance program,
claims and represents the opportunity, or profit, you have to get
such as how claims are managed/settled, loss control services,
back. The remaining goes to fixed expenses to run your program.
Surety
Turner has been in the surety bonding business since 1934 and is
Through a surety bond, the surety agrees to uphold, for
considered to be one of the largest and most experienced agencies
the benefit of the obligee, the contractual promises
in the Southeast.
(obligations) made by the principal if the principal fails to uphold its promises to the obligee. The principal will
A surety bond is a contract among at least three parties:
pay a premium in exchange for the bonding company’s
The Obligee
The party who is the recipient of
an obligation
The Principal
The primary party who will be performing
the contract
The Surety
The party who assures the obligee that
the principal can perform the task
financial strength to extend surety credit. In the event of a claim, the surety will investigate and if the claim is valid, the surety will pay the damages and then turn to the principal for reimbursement of the amount paid on
Some of the surety and bonding services Turner provides: In-house financial statement analysis In-house authorization (for a faster turnaround) Multiple market areas Annual surety face-to-face meetings Third-quarter planning with major stakeholders
the claim plus any legal fees incurred.
Department of Transportation specific services: Electronic registration assistance
| Digital notice to contractors
| Bid tabulations
Provide proposal forms and follow-up materials
| Selected plan documents
| Bid bonds
Website “Live Feed� of highway letting
| If low bidder, provide contracts and final bonds to client | If prime low bidder, provide surety authorization
Employee Benefits
As an independent agent, Turner Insurance & Bonding has the knowledge and experience to assist your organization in the following areas of employee benefits:
EXAMPLES
OF
EMPLOYEE
BENEFITS
Group and individual insurance Plan evaluation, design, communication and implementation Disability income protection Carrier, product or service evaluation, negotiation, and placement Retirement benefits Day-to-day claim/provider assistance Daycare Employee benefits include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. These benefits may be
Dental Vision
pre-tax or after tax deductions to employees or fully employer sponsored. The purpose of employee benefits is to increase the economic security of staff members and in doing so, improve worker retention and performance across the organization.
Tuition reimbursement Sick leave Vacation Social security Profit sharing Funding of education Long-term care Wellness
Traditional Insurance
Turner specializes in creating highly personalized client relationships that allows us to deliver exceptional insurance solutions. Our size, experience, independence, and personal dedication to our clients allows us to craft protection with the understanding, attention to detail and personal consideration that is rare today. Since day one, we have never lost sight of the first principle of the insurance brokerage industry—this is a people business.
SERVICES
CONSTRUCTION
TRADITIONAL
S P E C I A LT Y
PRODUCTS
General contractors
Property
Street and road contractors
General liability
Bridge contractors
Automobile
between client and carrier
Utility contractors
Excess/umbrella
Stewardship reporting to management
Trade contractors
Inland marine
Pro-active servicing and
Residential contractors
Workers compensation
Assessment of market trends and market opportunities Independent carrier/product selection and placement Constant evaluation of the right fit
renewal processes
MALPRACTICE Medical Legal Engineering Consulting
DBA-Defense base act EXECUTIVE
Foreign liability
PROTECTION
Aviation
Directors and officers Employment practices liability Fiduciary liability Crime/employee dishonesty
Risk Management
Risk management is a broad subject but is comprised mainly of techniques and efforts used to help predict, eliminate, avoid, transfer, or minimize losses within your operation.
AT T U R N E R , W E H AV E T H E A B I L I T Y T O A S S I S T Y O U W I T H T H E F O L L O W I N G A R E A S
Risk Assessment
Claims Evaluation
Using evaluations of existing and potential risk factors we
We have around-the-clock access to claims data, flexible,
oversee design and coordination of a loss mitigation plan
immediate and customized reporting as well as trending analysis
tailored to your operations. We include both traditional and
with adjuster and counsel interface.
non-traditional areas of risk.
Loss Control
Risk Management
Companies need to have quantifiable, on-site audits and a
We work with you in the development of a comprehensive plan
program of “strength versus weakness� analysis, with an
that moves from assessment to prioritization, implementation,
establishment of realistic, cost-conscious management and
evaluation, and concludes with executive reporting on results.
safety goals. We can help or handle any of these areas with or
We also handle loss and incident data evaluation, trending
for you.
and reporting.