Inszone Los Angeles
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Inszone Los Angeles - overview
Established
1979
Location
Los Angeles, CA, US
Primary Industry
Insurance
About
Inszone Los Angeles is an insurance services provider specializing in a diverse range of personal and business insurance solutions, including auto, homeowner's, and workers' compensation policies. Founded in 1979 and headquartered in Los Angeles, US, Inszone Insurance provides various insurance products. In December 2020, the firm, previously known as Golden Ocean Insurance Center, Inc. , was acquired by BHMS Investments and rebranded to Inszone Los Angeles.
The founder's history is not specified, and no other companies founded by them are mentioned. Inszone Insurance offers a comprehensive range of insurance products and services designed to meet the diverse needs of both individuals and businesses. Their core offerings include personal insurance such as auto, homeowner’s, and renter’s insurance, alongside business insurance that covers general liability, workers' compensation, and commercial auto policies. The company also provides specialized solutions like cyber liability insurance and employee benefits.
Inszone Insurance aims to protect its clients from unexpected emergencies while ensuring they have the right coverage tailored to their specific situations. The firm serves a broad client base, including homeowners, small business owners, contractors, and real estate professionals, primarily across the states of California, Colorado, Virginia, and Connecticut, ensuring localized support and expertise for its users. Revenue generation for Inszone Insurance is largely driven by the sale of insurance policies to individuals and businesses. The company operates on a commission-based structure, receiving payments from insurance carriers for each policy sold, which can include both direct-to-consumer and business-to-business transactions.
For instance, a small business owner might engage Inszone Insurance for a comprehensive business policy that includes general liability and property coverage, leading to a multi-year contract arrangement with set premium payments. The firm strategically collaborates with numerous carriers to provide clients with competitive rates, thus enhancing its revenue streams through a volume-driven model. Inszone's diverse portfolio also allows for upselling opportunities, where existing customers are offered additional products, such as employee benefits or specialized coverage, further contributing to its financial performance. In December 2020, Inszone Insurance Services, Inc.
acquired Golden Ocean Insurance Center, Inc. , leading to its rebranding as Inszone Los Angeles. While specific new products or expansion plans have not been detailed, the firm is anticipated to leverage its recent acquisition to enhance market presence. The investment from BHMS Investments is expected to support ongoing growth initiatives and further consolidate its services within existing markets.
Current Investors
Inszone Insurance Services, Inc.
Primary Industry
Insurance
Sub Industries
Personal Insurance, Health Insurance, Commercial Insurance
Website
www.goinsurance79.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Inszone Los Angeles - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Inszone Los Angeles | - |
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