We had another great year of speakers at the Annual Tennessee
Association of Mutual Insurance Companies education seminar. Now the next step: implementing what we have learned. With our company,
one of the biggest things we came away with was strengthening our board. We are
very fortunate to have a very progressive board who are focused on the future
of our company and who will do what it takes to keep our company viable in the
future. However, we have to continually evaluate ourselves as individuals and
as a board. Ask: What do I bring to the Board/Company? What are my personal
strengths/weaknesses and how does that affect our company? What is our company’s
strength/weaknesses? What can I do to help our company grow? What steps can I
take to make sure I am making the best decisions for the company? Are we as a
board making sure we are making the best decisions for strength and growth of
our company?
We as multi-generational companies, often get stuck in the idea that “it has always been done this way, why change it” mentality. Our company
is not afraid to step outside this mentality and explore different avenues to
open our company to growth and future success. Seven of our nine directors have
their NAMIC (National Association of Mutual Insurance Companies) Farm Mutual
Director Certifications (FMDC), meaning they have attended and continue to
attend education seminars focused on directors and their roles in our
companies/organizations. Our manager has gotten the Professional Farm Mutual
Manager Designation through NAMIC and our assistant manager is currently taking
the required courses to get this designation as well. This means is that we
have strong leaders who are constantly looking for ways to improve our company
and do what is best for the future.
Educating, setting high standards and challenging ourselves are
the key elements used to guarantee the success and growth of our company.
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