California Commercial P&C Insurance Agency

Business Overview:

This family-owned agency has been in its northern California community for 18 years and in business since 2010.  The Company specializes in working with all types of contractors throughout the state of California, from sole proprietors to large companies.  The husband-and-wife partners work with one licensed employee to provide the specialized insurance products that contractors need to do business in California, and to service those accounts.

Much of the book of business is through MGAs – currently almost 486 active policies with about 275 contracting companies of various sizes located throughout the state of California.  Most of the clients have been with the Company for over 5 years, and almost half have been clients for over 10 years.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Property Features and Assets:

Everyone currently works out of an office in Contra Costa County.  However, the employee has indicated that she would be interested in transitioning to virtual if allowed.  Sellers are assuming that the Buyer of this Business will not be taking over the office – but this can be discussed.

Market Competition and Expansion:

Competition: There is enough business to go around, and individuals can build their businesses as big as they want if they work hard enough. This is a very sticky book of business that is accustomed to doing business over the phone – very little in person interaction has been involved.  As long as you continue to take care of these clients, they should stay with you.

Growth & Expansion: Primarily a renewal book.  However, any agency that also offers group health or other personal lines products may be able to increase revenue through cross selling.  There may also be an opportunity to move MGA policies into direct carrier codes if you have them, thus increasing commissions.

Reason for Selling:

Primarily to have more time for family, and because of some health issues. Ultimately, Sellers would like to explore opportunit

Additional Details:

Documents:

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