MELBOURNE, Fla. /PRNewswire/ — Crump Insurance Services, Inc. (Crump P&C) the Property & Casualty division of Crump Group, Inc., has acquired the assets of Self Funded Alternatives, LLC (SFA). SFA is an insurance intermediary specializing in the development, placement and maintenance of self-insured workers compensation programs for individual and group risks in the public and private sectors. SFA is based in Langhorne, PA and has associates in Las Vegas, NV and Woodland Hills, CA.
SFA’s business is highly complementary to the existing workers compensation capabilities within Crump P&C and specifically 5Star Specialty Programs, a division of Crump Insurance Services. The combined solutions for Workers Compensation available through SFA and 5Star create the ability to develop a customized plan to address the individual business needs of each account – including self insurance products and existing programs.
According to Dave Obenauer, president of Crump Insurance Services, “The acquisition of SFA brings a team of dedicated professionals who are experts in assisting organizations on the most innovative, comprehensive and cost-effective self insurance options.”
The addition of SFA enhances the Workers Compensation options offered by 5Star. David Tooley, President of 5Star Specialty Programs remarked, “When deciding on a self-insured program, the expertise required to compile the information needed, summarize the data, submit applications and negotiate pricing is phenomenal. The ability to access this expertise at SFA will bring value to our retail agents.”