Farmers has paid over $180,000 in dividends to AGRMA this year and over $450,000 over the last ten years
Farmers Insurance Group of Companies has sealed an agreement with The Arkansas Grocers & Retail Merchants Association (AGRMA), and revised their ten-year relationship to strengthen member’s benefits.
Maryann Vitkievicz, commercial association manager, Farmers, said: The new and improved Business Insurance Program offers all The Arkansas Grocers & Retail Merchants Association Members an up front discount and reduced rates on their insurance, regardless of the company size. Farmers has paid over $180,000 in dividends to AGRMA this year and over $450,000 over the last 10 years.
This relationship allows Industry-specific services and benefits to all Association members. These cost savings and benefits can have an immediate effect on the bottom line of running a small business, he added.
The new program is expected to offer small retail, service providers and restaurants the ability to have the same benefits as larger retailers, service providers, restaurants and franchises. It is also likely to provide potential dividend to the association and its members. Specialised coverages include employment practices, property & casualty, workers compensation, commercial auto, business interruption, group life and long term care and financial suits.
Polly Martin, president of AGRMA, said: We are excited to offer an innovative program to our members. This is a mutually beneficial package that will enhance the business opportunities for any member who participates.