This Book of Business presents an attractive acquisition opportunity for Buyers looking to expand their presence in the commercial insurance sector. The portfolio consists of approximately 50% commercial trucking, 20% Household Goods Movers, 15% Commercial General Liability (CGL), Employment Practices Liability Insurance (EPLI), and Workers’ Compensation, and 15% personal Property & Casualty (P&C) lines. The Book of Business includes 552 policies across 412 clients, generating approximately $5.5 million in annual premiums. With approximately 90% of policies representing renewals, the portfolio offers an established base of recurring business and an opportunity for an acquiring agency to build upon an existing client base. Policies are placed with leading carriers including National General, Berkshire Hathaway and A-One Commercial.
There is no physical office associated with the Business, and it operates with five offshore employees, whom the Buyer may choose to retain or release, offering flexibility and making it an ideal book roll for the right acquirer.
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