James R Favor

Our Story

At Favor & Company, we've been helping organizations thrive for over 40 years. Founded in 1979 by James R. Favor, our company has evolved to become a trusted insurance broker and risk management advisor for various industries. Initially, we focused on serving fraternal organizations, manufacturing operations, non-profit associations, tourist show caves, and natural attraction destinations. Over time, we've expanded our expertise to cater to the unique insurance needs of each client.

Our Philosophy

We believe that proactive collaboration is key to effective risk management. We work closely with our clients to identify and mitigate potential losses, ultimately resulting in lower insurance costs and a stronger, more resilient organization. This philosophy has guided our company since its inception and has enabled us to build long-term relationships with our clients.

Our History

Favor & Company has a rich history that spans over four decades. Our story began in 1979 when James R. Favor founded the company and developed the first insurance programs for sororities. In the following years, we expanded our services to include insurance programs for fraternities, fraternal organizations, and natural attractions. We've since earned recognition as the exclusive provider of Lloyd's of London insurance products for certain niche industries.

Our Lloyd's Relationship

As a Lloyd's Coverholder, we have earned the respect and confidence of Lloyd's, one of the world's most renowned marketplaces for insurance buyers and sellers. This designation allows us to underwrite and accept certain types of risks on behalf of Lloyd's. We develop, customize, and tailor our insurance programs to meet the unique needs of each client, all while being fully bound by Lloyd's decisions.

Our Expertise

At Favor & Company, we have developed a deep understanding of the insurance needs of various industries and organizations. We offer a range of insurance products, including:

• Commercial Insurance
• Fraternal Insurance
• Business Travel Accident
• Commercial Auto
• Commercial Crime
• Cyber Security
• Liability
• Directors & Officers Liability
• Equipment Breakdown & Technology
• Excess Liability
• General Liability
• Hired & Non-Owned Automobile Liability
• Property
• Workers' Compensation
• and many more

Our Mission

Our mission is to provide expert insurance guidance and risk management advice to organizations of all sizes and industries. We strive to build long-term relationships with our clients, delivering tailored solutions that meet their unique insurance needs. Our goal is to help organizations navigate today's risk landscape and thrive for years to come.