Beacon Mutual Company Description
Safety's a beacon in the night (and day) at Beacon Mutual Insurance, a provider of workers' compensation, employers' liability insurance, and claim management services in Rhode Island. It is the state's largest writer of workers' compensation, where it has about 14,000 policyholders. The not-for-profit organization operates under statutory duties to provide coverage at the lowest possible cost and to serve as an insurer of last resort. It also offers loss prevention services, including workplace and construction safety, defensive driving, and industrial ergonomics programs. Beacon Mutual Insurance was founded as the State Compensation Insurance Fund in 1990; it began writing policies in 1992.
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The Company Description provides a historical perspective of Beacon Mutual's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Beacon Mutual's evolution in the marketplace.
