Established in 2005, this property and casualty insurance agency is located in an upscale area of Palm Beach County. Carriers include Progressive, Ocean Harbor, Hartford, Universal, Federated, Citizens, Kemper, United, and Anchor among others. Gross premiums for 2015 were approximately $1,400,000 with gross commissions of $170,000. Total number of customers – 597; total number of policies – 801. The agency is fully computerized using QuickFile and QuickQuote Web Rater to automate operations. Approximately 85% of billing is direct between the carriers and consumer, and 15% is agency billed. The average loss ratio is 6%; retention rate is 95%.
The agency covers primarily the tri-county area of South Florida. However, referral business comes from a much larger geographic area. Walk-ins are generally from the surrounding communities. The current business breakdown is as follows:
• Auto – 25%
• Homeowners – 58%
• Commercial – 10%
• Flood – 2%
• W/C – 5%
Please refer to listing number 6401-62136 when inquiring

Posted Aug 1, 2016

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