Synergy Listed Among Inc.’s Fastest Growing

SHARON, Pa. – Since 2006, Synergy Comp Insurance Co., based in Sharon, Pa., has helped thousands of clients create safer workplaces, reduce injuries, improve productivity, increase profits, and realize a significant return on dollars expended. The monoline, workers’ compensation company grew 24% in 2018, reports CEO Lew Kachulis.

“Our high-energy, dedicated team, comprised of 47 employees, received various awards throughout the year,” Kachulis says.

Among them were being ranked, for the second consecutive year, as one of the best places to work in Pennsylvania, and inclusion, for the third consective year, on Inc. Magazine’s list of the 5000 Fastest Growing Private Companies.

Synergy Comp was also upgraded to Demotech’s highest financial stability rating of A’’ (A Double Prime), Unsurpassed.

Throughout 2018, 12 employees were hired. Positions filled include claims adjusters, claims supervisor, claims support specialists, safety professionals, marketing coordinator, office coordinator, underwriting analyst, and talent acquisition and development director

“We are a young, growing company with a unique company culture,” Kachulis says. “We are truly focused on making workplaces safer.”

Synergy Comp also expanded into New Jersey and Maryland, where it “delivered superior safety results through commitment and continuous improvement,” the CEO says.

With an eye toward advancements in technology, Synergy streamlined its internal IT processes through an online ticket system that improved project management and maintenance.

The company’s 24% revenue increase allowed the organization to contribute to the local community, foundations, and charitable organizations, Kuchulis says.

Synergy employees gave back to Adopt a Grandparent, American Heart Association, the Community Food Warehouse, Strayhaven, and The Arc of Mercer County, among others.

Growth allowed an increased ability for Earned Income Tax Credit funds to create educational opportunities for the community’s youth. Synergy Comp provided pre-K scholarships, supported local schools and programs, such as United Way’s Success by Six, The Buhl Club, Building Blocks Child Center and KidZone Learning Center.

As one of the best places to work, the Synergy team also participated in United Way’s Day of Caring and the American Heart Walk.

Synergy Comp’s 2019 plans include continued growth and giving back to the local community.

Copyright 2024 The Business Journal, Youngstown, Ohio.