HistoryFounded in 1924, The Frates Company was started by Clifford L. Frates. The company got its start insuring businesses within the energy sector, and managing insurance programs for many of the early oil field wildcatters. At the time, Oklahoma’s capitol city was booming with vast quantities of oil and drilling opportunities, which created opportunity for the local agency to become an integral part of the business community.
As The Frates Company transitioned through the years, first into C.L. Frates & Company, and finally into Frates Insurance & Risk Management, the most notable partnership was formed on January 1, 2014. Frates Insurance & Risk Management joined forces with a Michigan-based company by the name of Acrisure, LLC. This alliance married a local agency, with over 90 years of insurance expertise, and a national agency with vast expansion plans. What began as a sole location has turned into a national powerhouse. With 170 locations in 25 states, 91 Agency Partners, and revenues exceeding $600 million, Acrisure and Frates can provide clients with a breadth of knowledge and resources when managing their risks. Together they have assimilated industry-specific expertise and developed notable insurance programs, as well as alternative risk financing, for a very diverse list of industries: Energy, Real Estate, Construction, Trucking, Aeronautical, Marinas, Telecommunications, Banks and Medical.
From large industry-related programs, to small businesses and personal insurance needs, Frates offers their clients educated & experienced insurance professionals who can analyze and develop customized programs to fit their needs.