ROBBINSVILLE, NJ – Insurance broker Balken Risk Management Services, LLC, recently received an honorable mention from the New Jersey Association of School Business Officials (NJASBO) for the organization’s 2016 Partner of the Year Award. NJASBO presents this annual award to companies that have gone above and beyond in assisting school districts with whom they work. Balken Risk Management received the honorable mention for saving school districts money on insurance.
Balken Risk Management was nominated by Barbara Murphy, Business Administrator for Butler Public Schools.
“Two years ago I reached out to David Balken because I felt like I had more questions than answers after meeting with my insurance agent,” said Murphy. “David gave me the personalized service I was looking for.”
According to Murphy, Balken helped Butler Public Schools save $68,000, or 19 percent over the previous year, by leaving an insurance group and splitting coverage between two new separate insurance groups. Costs were reduced again during the 2015-2016 school year, when most districts were experiencing a rise in insurance costs, according to Murphy.
“These savings were welcome gifts in times of financial stress and I am so happy that I found Dave when I did,” said Murphy! “Dave continues to give Butler the personal attention it deserves, and whenever I have any questions or concerns, he is there for me.”
 “Since opening our doors, we have strived to maintain healthy relationships with every school insurance market in New Jersey so we can bring a portfolio of options and significant cost savings to schools seeking property/casualty insurance. The highest honor is being recognized by our clients and NJASBO, an organization we respect for its professionalism and the insight it provides regarding a business administrator’s role within a school district. NJASBO has been a huge asset in helping our company become even better at building productive relationships with our school district customers,” said David L. Balken, President of Balken Risk Management.
Balken’s clientele completely comprises public entities, the vast majority of which are public school districts in New Jersey. Balken and his wife, Balken Risk Management Vice President Shannon Balken, each have been insuring schools in New Jersey for about 25 years.
Representatives from Jersey City Public Schools, Wayne Township Schools, and Passaic County Technical Institute also nominated Balken for the award. The company was chosen by the NJASBO Associate Business Member Executive Committee, led by President Christine Messina.
“We are proud to give Balken Risk Management an Honorable Mention recognition for its dedication to school districts in New Jersey. Our students are our most precious resource. Balken recognizes the hard work of all School Business Administrators. Business partners such as Balken provide our school leadership with the support they deserve, in order to provide our students with the best educational environment possible,” said Messina.