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HomeInsuranceWhy one insurance coverage firm 'offers a FIG' about giving again

Why one insurance coverage firm ‘offers a FIG’ about giving again


Just a few years in the past, Bell got here up with the tongue-in-cheek title for the initiative utilizing Falvey Insurance coverage Group’s initials, and it caught on. Workers dedicate volunteer hours and donate items to native causes all year long, and Falvey’s management matches all donations.

“We Give a FIG” additionally got here at a time of nice want: the COVID-19 pandemic. The initiative, spearheaded by Bell’s co-chair Amanda Langlais, offered staff with a significant strategy to assist frontline well being employees. “2020 was the yr we began formalizing. We shaped the Rhode Island chapter of Frontline Meals, an effort to accomplice with native eating places to make meals for frontline employees. We helped them accumulate donations, so our staff may safely take part from residence,” Bell stated. 

Falvey additionally supported Frontline Meals in 2020 by internet hosting a charity golf event and donating proceeds to the group. Up to now yr, “We Give a FIG” shifted focus to assist causes intently aligned with Falvey’s enterprise. Falvey Insurance coverage Group makes a speciality of marine cargo, air pollution, and shippers’ insurance coverage.

Earlier this yr, Falvey Shippers Insurance coverage tied up with Haymakers for Hope, a corporation giving individuals the chance to combat again – actually – in opposition to most cancers. Haymakers for Hope helps people prepare for and compete in charity boxing occasions to boost funds for most cancers analysis, care, and survivorship. Falvey Shippers’ vice chairman Jay Jeannotte entered the ring for the charity match, elevating over $52,000 for most cancers analysis.

Learn extra: Falvey exec to compete in charity boxing match

Via “We Give a FIG”, subsidiaries of Falvey Insurance coverage Group have participated in numerous philanthropy efforts. Their companions embrace Protected Harbor, which affords the biggest spill response within the vessel air pollution trade; The Mission to Seafarers, which helps seafarer welfare; and Operation Stand Down Rhode Island, which advantages the veteran group.

Native teams are additionally near Falvey Insurance coverage Group’s coronary heart. The Rhode Island-based agency has pledged over $30,000 to Hasbro Youngsters’s Hospital, a high pediatric care supplier primarily based in Windfall. 

“The hospital just lately made quite a lot of developments of their behavioral and psychological well being amenities, and our donation supported that as a result of psychological well being care is such an enormous want proper now,” defined Bell. “We additionally sponsored and volunteered for his or her Heroes Ball, their annual fundraising gala. This yr the hospital raised their highest quantity, over $1 million.”

The team-up with Frontline Meals throughout the begin of the pandemic had a “transformational influence” on the corporate. Bell stated: “I believe everybody felt linked as a result of it was when individuals felt so helpless. You couldn’t go wherever or do a lot, so it was a method for us all remotely make a distinction.”

Inspiration to volunteer and provides again throughout COVID-19 additionally got here from Falvey’s high ranks. “Our C-suite was simply so obsessed with ensuring that we had every part we would have liked to run this program,” Bell recalled.

“After we began to earn a living from home, they stated, ‘we’re all good, all people’s protected, and all people’s job is protected – so what can we do for others?’ I believe that was such a tremendous factor for our staff to listen to. It made us all need to assist and take part.”

Learn extra: You may make ’a significant influence in insurance coverage,’ says IBA Younger Gun

Shifting ahead, Bell stated “We Give a FIG” desires to deal with its charitable partnerships, forging new ties and strengthening current ones. “We need to have stronger partnerships that we are able to stay lively with all year long,” she stated. 

Falvey’s efforts by “We Give a FIG” haven’t gone unnoticed. The group acquired a number of awards final yr, together with the Frequent Good Award from Rhode Island Month-to-month in partnership with the Rhode Island Basis. “We Give a FIG” was additionally awarded Better of Present by the Insurance coverage Advertising and marketing and Communications Affiliation.

“These awards imply loads as a result of, as an employer these days, it’s tough to talk to your tradition with out sounding such as you’re simply saying, ‘we’re fantastic!’ The truth that organizations select to provide again speaks loads to their integrity,” stated Bell. “It reveals that we do genuinely care. We give a ‘FIG,’ and that’s one thing on the coronary heart of our tradition.”

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