Return to search results

Commercial Insurance Premium Audit Services Company

South East

Commercial Insurance Premium Audit Services Company
Contact Seller

Asking Price: N/A

Cash Flow: $183,447

Gross Revenue: $2,089,989


FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 1999

Commercial Insurance Premium Audit Services Company

Save Print Share Valuation Report

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:
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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:
Contact Seller

Contact the Seller

(from currently available funds)
Contact Seller Loading

Jeffery E. Merry, Sr., MBA, J.D.

Business Listed By:
Jeffery Merry

The Business House Inc.

Show Phone Number

View My Listings

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

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1618472 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Pirtek USA

Franchise Opportunity In GA
Cash Required: 150000