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Commercial Insurance Premium Audit Services Company

South East

Commercial Insurance Premium Audit Services Company
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Asking Price: N/A

Cash Flow: $183,447

Gross Revenue: $2,089,989

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 1999

Commercial Insurance Premium Audit Services Company

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Business Description

Founded in 1999 and located in the Southeast, this acquisition opportunity is a commercial insurance premium audit services company. The company works with insurance carriers providing physical, telephone, and mail premium audits. State regulations require that many insurance policies, such as workers compensation, be audited annually to provide validation for classes of business and exposures. These factors determine the final premium due to the insurance carrier. The auditors also work to prevent premium leakage by mis-classification or attempts to hide exposure from the carrier.
The business has 28-field representatives (mostly W-2) with an average salary of $50K per year. The field auditors set their own schedules. No licenses or certifications are required; however, some do have an APA (Associate in Premium Auditing). The home office has nine fulltime team members. Office hours are M-F 8 a.m. to 5 p.m.

Key company highlights:
• Excellent Customer Service, Quality and Experience
• Highly respected name in the insurance risk management industry
• Geographic Expansion – easily grow revenues by expanding the geographic footprint by developing satellite staff or partnering with other premium audit service companies
• Service Area – Serving and located in the Southeast, the business could relocate easily anywhere!

Detailed Information

Real Estate:
Owned
Building SF:
4,800
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is operated from a standalone building in an office park. They occupy the complete building, 2,400 square feet upstairs and 2,400 downstairs, a mirror image. The real estate is available for purchase at Fair Market Value.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Jeffery E. Merry, Sr., MBA, J.D.

Business Listed By:
Jeffery Merry

The Business House Inc.

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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