Diversified Insurance Group is different from institutional brokers. Firstly, the company is independently owned and operated. There are 9 equity shareholders and 65 amazing team members. The company model is focused on insuring public, emerging growth, and private equity-backed companies. We rank among the top such brokers in the U.S. Diversified has won numerous awards and has served hundreds of satisfied customers from start-ups to Fortune 500 companies.
A Privately-Owned Broker
Diversified differs from most of our competitors, especially the large institutional brokers, in that we are private by design. We don’t have salespeople, instead, we have experts and our experts are our owners. That places the power directly with the people most invested in your satisfaction. This is how we keep our clients front and center. This structure also attracts the best and brightest in our industry and gives them the flexibility to work in a flat and collaborative environment that fosters innovation and initiative at all levels. Through our steady growth over the years, our commitment to this structure is why our clients say we are just the right size.
Simplifying the Insurance World
At Diversified, we pride ourselves on being experts in the insurance world. That means when you hire us to oversee your risk management, we do exactly that so you don’t have to worry about it. Insurance can sometimes feel incomprehensible. Transforming the incomprehensible to comprehensible is where we shine. We bring clarity and direction to complex issues and help you understand the options, so you can make good decisions with transparency and confidence. We want to do outstanding work and we want you to look good, too. Our people are our assets and our work is our legacy.
Emerging Growth Companies
Diversified serves more emerging growth and public companies in the intermountain west than any other broker. The current count is over 200 growth and public company clients, including 87% of the unicorn companies in Utah, 7 of the top 10 fastest growing companies [according to Utah Business], and 23 out of the last 29 IPOs in the state [79%]. In addition, we are the largest provider of Directors and Officers Liability and Cyber Insurance in Utah. Our entire service model and focus is on managing the risk of growth companies.
We have built an outstanding reputation for providing a consistent, remarkable client experience for our partners. Most of our employees have come from large international brokers who wanted to be in an environment that was much more client-facing, collaborative, and innovative. Our people are our assets, and our work is our legacy. Diversified has been recognized as one of the “Best Companies to Work For” by Utah Business magazine.
The Diversified service model is unique because there is no segmentation of sales, service, and account stewardship. Senior members of the firm are involved in the day-to-day servicing of your account. Our most senior colleagues value your time and bring you sophisticated expertise and creative ideas in meeting your ongoing service needs. It’s just the way we do business, and it is how we know that our clients will always get the very best products and service from Diversified.
The senior members of your team are the same individuals who will negotiate with underwriters on your behalf. This same team will be involved with you every step of the way in the event of a claim. Our long-time clients will tell you that continuity of the service team, and particularly the senior members of the team, is a hallmark of how we do business. Of course, we will add resources to the team as your needs change.
Business Built on Relationships
Diversified differs from most brokers because we have direct broking relationships with our insurance carriers, not the global broking methods of our competitors. Diversified has established deep relationships with many first-tier domestic and international insurance markets. Working closely with primary underwriters, as well as senior management on a regional and national level, we are able to achieve our goals. Diversified ranks in the top few brokers in Utah with global carriers such as WCF, Chubb, Cincinnati, Travelers, QBE, Liberty Mutual, AIG, CNA, Hanover, and Hartford. Having access to the largest insurance carriers in the world and working with them on a local level to deliver the best possible results to our clients is of utmost importance.
While we may not have the same premium volume as the national and larger regional brokers, we can offer something they cannot or will not typically offer. That’s access to regional underwriting centers for these global insurers. This approach augments transparency in the placement process, lends greater accessibility to the underwriters. It also helps to reduce capacity saturation issues which can occur in a crowded marketplace in larger underwriting hubs. This is especially important in today’s market where capacity is an issue on virtually all lines of insurance.
Diversified would love to help you with all of your insurance needs. Go here to contact us.