South Risk again named one of 40 fastest-growing companies in SC
October 7, 2019
For the second year in a row, South Risk Management has been named one of South Carolina’s 40 fastest-growing companies by SC Biz News.
Twenty large companies and 20 small companies have been named to the statewide lists presented annually by the business publication. This honor recognizes the state’s fastest-growing companies based on both dollar and percentage increases in revenue from 2017-2018.
SRM was named to the small-company list. Company size was determined by gross revenue — small being $10 million or less; large being more than $10 million. Small companies must have had revenues of at least $500,000 each year for three years.
“It’s very rewarding to receive this award yet again,” said Patrick McKain, one of the founding partners of the firm. “We continue to grow at an exciting rate. We attribute this success to our commitment to work tirelessly and always put our clients’ best interests first.”
McKain noted that 2019 is so far the best in the company’s history.
South Risk Management’ founders started with a promise to clients and to each other to never settle for the status quo. South Risk provides clients – both companies and individuals – with the risk-management expertise they might not otherwise have access to. SRM leverages long-standing relationships with providers in order to provide clients with the best commercial insurance, employee benefits, surety bonds and personal insurance available for their needs.
In order to qualify for the Roaring Twenties designation, companies must have a physical presence in South Carolina and be a for-profit entity or a nonprofit organization.
Finalists were chosen and ranked according to growth and revenue. A formula awarded points based on dollar and percentage increases in revenue generated from S.C. operations from 2017 to 2018. This formula was used to create a level playing field among smaller and larger companies within the categories. Accounting firm Cherry Bekaert analyzed and verified the results.
About South Risk Management, LLC
South Risk Management was founded in 2006 in Columbia, S.C. It provides risk-management services and products in four areas: construction surety bonds, commercial insurance, personal insurance, and employee benefits. South Risk Management focuses on building strong relationships with both insurance carriers and clients, bridging the gap between the industry and the companies and individuals it serves. South Risk serves customers in South Carolina and across the Southeast. Read more at southrisk.com.
