Ralph Bargabos
Marysville, WA (USA)
Role(s):
Founder/Owner/Principal
RRB Marketing, Inc dba Insurance Services
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Startup
Location:
Marysville
Industry:
Insurance
Year Founded:
2004
Number Employees:
1-10 people
Description:
Type of Business Financial services, insurance
Products of Business All lines (types) of insurance with emphasis on the preferred business insurance (commercial) risks. Insurance Services has a very good mix of insurance companies.
Purpose of Business To grow a $8 million book of business by providing customers with the best possible prices and the best possible service.
Goals: Short Term Next twelve months: Hire a producer and customer service representative. Grow the agency book of business by $500,000 in sales.
Long Term One – five years: Move office to new location to provide for expansion. Grow business an average of 33% each year.
Industry Trends Industry is shifting from a harder market (higher premiums) to a softer market (lower premiums). That means a newer agency is more likely to write new business. The current agency is less likely to remarket the current clients (laziness or no companies to move the current client to). A new agency can capture the business easier.