B&H Insurance, LLC

B&H Insurance, LLC is a dedicated provider of diverse insurance solutions, catering to the needs of both businesses and individuals. They focus on comprehensive coverage to manage risks effectively across various markets. Founded in 1974 and headquartered in Newark, US, B&H Insurance, LLC specializes in providing tailored insurance solutions. The company was acquired by AssuredPartners Inc in June 2021, which is a portfolio company of Apax Partners and GTCR.

The firm has completed a total of 1 deal, with the most recent deal occurring on June 11, 2021. B&H Insurance, LLC offers a comprehensive suite of insurance solutions tailored for both businesses and individuals across various geographical markets, including the mid-Atlantic region and beyond. Their core product offerings encompass business insurance, personal auto and home insurance, as well as employee benefits. The company also provides specialized services such as safety and human resources consulting, which were introduced in the last two years to enhance their traditional brokerage services.

B&H Insurance serves a diverse client base that includes small to medium-sized enterprises, large corporations, and individual clients, addressing their unique insurance needs and risk management challenges. Through a client-focused approach, the company aims to establish long-lasting relationships, making it a trusted resource for insurance solutions. B&H Insurance, LLC generates revenue through a variety of client engagement structures, including business-to-business (B2B) transactions as well as direct-to-consumer services. The company earns fees and commissions based on the placement of insurance policies and the provision of consulting services.

Clients typically engage the firm to assess their insurance requirements, after which tailored policies are offered that align with their risk profiles. The revenue structure may include ongoing partnerships with businesses seeking comprehensive insurance coverage, as well as subscription-like arrangements for ongoing consulting services. B&H Insurance’s focus on employee benefits and safety consulting adds value to their offerings, facilitating a steady revenue stream through enhanced service provision and client retention. Following the acquisition by AssuredPartners Inc, B&H Insurance, LLC is strategizing on future growth through the development of new products and services that align with emerging market demands.

The company is also considering expansion into new geographic regions, particularly focusing on areas within the mid-Atlantic and potentially beyond by 2023. The funding received from the acquisition will support these initiatives, allowing for additional investments in product development and marketing efforts to reach broader markets.