Granite Insurance retains its Best Practices status for the sixth consecutive year, once again becoming a part of an elite group of independent insurance agencies around the United States.
Granite Falls, NC – Granite Insurance retains its Best Practices status for the sixth consecutive year, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices. Independent agencies aren’t tied to one insurance carrier in particular but explore the insurance marketplace to find the best fit for their clients.
Since 1993, the Big “I” and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the third year of the current three-year study cycle (2019-2021), where over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual Study in 2019, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
Granite Insurance Agency serves the national climbing gym community and specializes in working with adventure & entertainment industries. While the agency serves over 3,000 total clients, the Adventure and Entertainment team consists of over 300 clients and $17+ million in annual premium.
Learn more about the insurance offerings for climbing gyms here:
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CBJ press releases are written by the sponsor and do not represent the views of the Climbing Business Journal editorial team.