Risk Management Solutions

As a member-driven organization our risk management offerings are custom-tailored to the needs of the Public Utility community. We provide comprehensive risk management services exclusively for our members, the majority at no cost. As Risk Managers we are committed to learning more about how PURMA can support your organization’s risk management needs.

Risk Management Services

By partnering with PURMA, you gain the knowledge and expertise of a top-notch risk management firm without the price tag. Membership is reserved exclusively for Public Utilities and Utility Cooperatives in the Northeast.

Comprehensive Annual Insurance Program Review

PURMA sits down with each member annually to review their individual insurance program and make recommendations for improvement.

Contract Reviews

PURMA reviews the risk transfer language and insurance specifications of third-party contracts on behalf of our members and makes recommendations for improvement.

Access to Member-Owned Captives

PURMA staff is responsible for the day-to-day operations of our Member-Owned Captives, PUMIC and PEIC which are offered exclusively to our members.

24/7 Risk Management Consulting

PURMA is here to serve all of your risk management needs during regular business hours and
on call 24/7 to respond to after-hours emergencies.

Commercial Insurance Placement

PURMA partners with Starkweather & Shepley Insurance to provide commercial insurance placement for all exposures that cannot be placed in our Member-Owned Captives. Many of our commercial placements are in group  programs specifically developed for our members.

Certificate of Insurance Management

PURMA Partners with Starkweather & Shepley Insurance to provide certificate of insurance record management to our members. We communicate directly with vendors to procure compliant certificates of insurance on their behalf. 

Appraisal Services

PURMA leverages our group buying power and negotiates discounted property appraisal rates with top tier firms. Property appraisals should be completed no less than once every five years to ensure proper reporting to your insurer.

Medicare Reporting

Medicare reporting is required prior to paying out a bodily injury claim to a third party regardless of the claimant’s age. PURMA partners with Starkweather & Shepley to offer reporting agent services directly to our members.

Claims Assistance

PURMA staff is available to assist our members with insurance claims and act as a professional liaison with insurance companies on behalf of our members.

Drivers Safety Training

PURMA partners with Liberty Mutual to provide online training modules for drivers, fleet managers, supervisors, and managers. 

Education and Training

PURMA offers education and training opportunities to its membership both individually and as a group.