Business Description

The California S-Corp Insurance Brokerage, established in 2008, has experienced steady growth over the past 16 years with a current annual premium revenue of $6.4 million from 620 policies. The business prides itself on a strong work ethic that emphasizes urgency, compassion, and top-notch customer service, resulting in a high retention rate of 99.72% over the past 36 months and a very low loss history below 5%. With a net commission of $575,000 in 2023 and expectations of increasing profits in 2024 due to historical growth trends and rising premium rates, the company primarily focuses on commercial policies (80%) along with property-casualty, group health benefits, and personal lines coverage (20%). Operations are described as turnkey, with renewals and new business managed efficiently by competent staff members under minimal daily oversight from the owner. The Insurance Brokerage operates smoothly with the assistance of two commission-only outside insurance producers handling a portion of