INSURANCE TRUSTS
An insurance trust is a collective of members that join together to obtain insurance coverage. Trusts are often compared to mutual insurance companies. Members have a voice in governing the trust, electing board members and serving on the board and/or committees. Bylaws explain how the trust is operated and can only be amended by the trust’s members. This means members control the trust and have input into its direction, operation and coverages.
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OUR HISTORY
The PennPRIME Liability Trust was formed in 1987 in response to commercial insurance carriers’ withdrawal from the municipal insurance market. The Trust was designed to provide broad, cost-effective and stable coverages to meet the special needs of municipal entities. The PennPRIME Workers’ Compensation Trust was formed in 1993 to provide an alternative to the workers’ compensation commercial insurance market. We believe in proactive, responsible claim handling and work directly with our claim adjusters at Inservco. All claims are assigned to an attorney which represents the nature of the claim to aid in settling suit.
MEMBERSHIP BENEFITS
The benefits of trust membership include broad coverages, personal service, input into trust operations, and a package of services that is much more specialized than those available from a commercial insurance company. Our goal is to help municipal management see the big picture in risk reduction and loss control. Over time trust members can expect stable rates, trustworthy service and cost saving opportunities.
FINANCIAL BENEFITS
After the PennPRIME Trusts pay for excess/reinsurance, administrative expenses, and claims, remaining funds earn interest that is returned to our members by way of premium discounts and annual credits. Commercial carriers bank the profits for themselves only. The PennPRIME Trusts only insure municipal entities which means coverage rates are based on loss experience with other municipalities that share the same exposures.
CLAIMS SERVICES
Claims Reporting Help
PennPRIME partners with Inservco Insurance Services, Inc. for claim services. Once a claim is reported a designated Inservco adjuster is assigned to the claim, for the life of the claim. This allows for a smoother process of claim handling. Of course, the PennPRIME staff is always available to aid in claim reporting and discussion of the claim.
Claims Filing Documents
Claims reporting documents and an online claim filing system is available in the link below. Using the correct documents, forms, and format for reporting claims ensures that the claims are promptly and properly set up. Getting claims set up properly from the beginning helps all parties feel secure during the entire process.
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CONTACT US
PennPRIME
414 North Second Street
Harrisburg, PA 17101
(800) 848-2040 (PA Only)
(717) 236-9469 Tel
(717) 236-9493 Fax
Email: info@pennprime.com
Lori Heenan, Director of Trusts
lheenan@pml.org 717-236-9469 ext. *251
Elizabeth Henry, Trusts Member Services Manager
ehenry@pml.org 717-236-9469 ext. *250
Day Hall, Insurance Services Representative
dhall@pml.org 717-236-9469 ext. *260
Our Vision
PennPRIME’s vision is to be the first choice for Pennsylvania municipalities in providing Risk Management Solutions.
Our Mission
PennPRIME is a member-driven, self-insurance trust that works with and is owned exclusively by Pennsylvania municipal entities.
Our uniqueness stems from the fact that we continually deliver added value through our specialized products and services including custom coverage, solutions that reduce our members’ risk, and building member equity.