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Many working parts: Synergy going strong in Houma-Thibodaux area
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Since 1960, Terrebonne Insurance has grown to be a name businesses and individuals can trust.
Founded by a Houma businessman, the late Fred Thibodeaux, the firm is now operated by his daughters, Kelly and Kitty, who took to heart the lessons he taught them in business and kept building on the company’s successes.
“Local service and being independent so that we can have markets to help people,” are the foundations of those wins, Kelly said.
The independent brokerage offers automobile, home and other forms of coverage, and also supplies local businesses with workmen’s compensation coverage.
In existence since 1992, the Louisiana Workmen’s Compensation Corporation has provided an option for new companies, or others that might have difficulty writing workmen’s comp with other companies. LWCC is a private, nonprofit mutual insurance company, and the largest comp carrier in the state.
Its services are among the options offered by Terrebonne Insurance.
LWCC was created under the administration of Gov. Mike Foster to bolster a workman’s comp system in flux and near collapse.
Kelly said she and her sister are pleased to offer the LWCC coverage to their customers who may need it.
“They can give you the coverages you need because you might not have been in business long or have no prior experience,” is what Kelly identified as one of the positives attendant to LWCC.
Being new or having a history of multiple claims are not the only reasons businesses may have difficulty getting coverage under LWCC, Kelly said.
There may be special circumstances because of the nature of a business, like inshore marine companies requiring longshoreman’s compensation coverage.
Providing LWCC as a coverage option, Kelly said, helps fulfill her firm’s mission of giving local customers a wide range of choices, and that gives her a lot of satisfaction.
“We can be a person helps a business start to provide what they need,” Kelly said. “We have a lot of small and medium sized customers and we try and develop personal relationships and grow with them.”
As with other comp insurance companies, LWCC provides services that include in-house attorneys who specialize in handling defense and pursuing fraud investigations.
“Our legal team has an in-house attorney dedicated to second injury fund claims litigation, which has resulted in significant claims expense reduction,” promotional materials for LWCC state. “LWCC’s special investigations unit aggressively fights fraud, which has saved policyholders millions of dollars since its inception.” •
