Ledgestone

What Ledgestone does

Ledgestone Insurance Group is a privately held, independent insurance agency headquartered in East Peoria, Illinois, with a secondary office in Bloomington, IL. Founded in 2009 and operating as a family-led firm (Don Endress as Founder/COO/CFO; Austin Endress as CEO), the agency is structured around four product pillars: Business Insurance, Employee Benefits, Personal Insurance, and Surety/Commercial Bonding. It serves small-to-large commercial accounts across 60+ industry verticals including construction, manufacturing, farming, non-profits, and wholesale/distribution, alongside individual consumers in the Illinois market.

The agency distributes products from multiple insurance carrier partners through a relationship-driven, licensed-advisor sales motion supported by a digital portal (Service Center), website-based quote requests, and the Clickable Coverage educational interactive. Surety bonding — particularly for contractors — is a documented center of gravity, with dedicated carrier relationships to underwrite small, medium, and large contractor needs. Adjacent offerings include safety services via ExergyPro and a workforce-engagement platform called employeeInsite; the firm cites use of data and machine learning for safety assessment, programming, and continuity planning, though no proprietary technology platform is disclosed.

Commercially, revenue is generated on a commission basis from the multi-carrier book across commercial, personal, and bonding lines, with annual billing cycles and no publicly disclosed pricing. The firm's strategic signals — a 2023 funding round, the Bloomington expansion, and the build-out of engagement/safety adjacencies — are consistent with a regional independent agency scaling its book and service mix rather than pursuing a national brokerage footprint or insurtech platform play.

Name

Ledgestone

Legal name

Ledgestone Insurance Group

Website

https://ledgestone.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Ledgestone Insurance Group is an independent insurance agency in East Peoria, IL, distributing commercial, personal, employee-benefits, and surety-bonding products from multiple carriers to Illinois businesses, contractors, and individuals through licensed advisors and a digital Service Center.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Surety Insurance (6351)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industries

Nonprofit / Social Services BOP (FSAJAFAM), Healthcare Offices BOP (Medical/Dental/Vet Clinics) (FSAJAFAL)

Keywords

• Commercial insurance brokerage
• Surety bonding services
• Employee benefits solutions
• Personal insurance coverage
• Independent insurance agency

Headquarters

HQ city

East Peoria

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency, Ledgestone generates revenue through commissions from multiple insurance carrier partners. The agency represents different insurance companies offering a variety of policies, earning commissions on each policy sold or renewed. This commission-based model is standard for independent insurance agencies.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Ledgestone Insurance Group is an independent insurance agency that places commercial insurance, employee benefits, personal insurance, and surety/commercial bonds on behalf of clients by representing multiple carrier partners. The agency operates across four pillars — Business Insurance, Employee Benefits, Personal Insurance, and Bonding — with industry-specific programs covering more than 60 verticals such as contractors, manufacturers, farms, non-profits, and wholesalers/distributors. Additional value-added services include data-driven risk management, safety assessments, organizational health reviews, and continuity planning.

Product overview

Ledgestone Insurance Group is an independent insurance agency offering a comprehensive portfolio of insurance products and services organized into four core pillars: Business Insurance, Employee Benefits, Personal Insurance, and Bonding. Business Insurance includes commercial property, general liability, workers compensation, and industry-specific coverages (manufacturer, contractor, farm, non-profit, wholesaler/distributor). Employee Benefits encompasses group health, dental, vision, accident, and disability insurance. Personal Insurance covers home, auto, renters, condo, and umbrella coverage. The Bonding program provides surety and commercial bonds. Additional service modules include an online Service Center for claims and policy management, and Clickable Coverage interactive educational graphics. The agency operates as a people-focused organization leveraging data-driven approaches for risk management.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Insurance Commercial insurance solutions for businesses including business owners insurance, general liability, workers compensation, commercial property, business auto, cyber liability, environmental insurance, and risk management, tailored for SMB through enterprise accounts.
• Employee Benefits Group employee benefits packages for employers including group health, dental, vision, accident, disability, voluntary benefits, employee assistance programs, FSAs, HRAs, and HSAs to help attract and retain talent.
• Personal Insurance Personal insurance coverage for individuals and families including home, auto, renters, condo, umbrella, high net worth, classic car, earthquake, flood, identity theft, motorcycle, and RV insurance.
• Surety Bond Surety bond services including bid bonds, performance bonds, payment bonds, license and permit bonds, court bonds, and fiduciary bonds for contractors and businesses, placed through a network of carrier partners.
• Commercial Bonds Commercial bonding solutions including contract bonds, license bonds, lost instrument bonds, maintenance bonds, probate bonds, and subdivision bonds to protect parties in business transactions.
• Manufacturer Insurance Specialized insurance coverage for manufacturers including product recall insurance, business interruption, product liability, motor truck cargo, ocean cargo, and manufacturers selling price coverage.
• Contractor Insurance Insurance solutions for contractors covering builders risk, business auto, commercial property, contractors equipment, general liability, inland marine, and workers compensation.
• Farm Insurance Comprehensive insurance for farms covering property, livestock, crops, equipment, pollution liability, ATV vehicles, products liability, and farm-specific risks including custom farming activities.
• Non-Profit Insurance Insurance coverage tailored for non-profit organizations including directors and officers liability, general liability, employment practices liability, business income, and professional liability.
• Wholesaler and Distributor Insurance Insurance solutions for wholesalers and distributors covering commercial property, inventory, cargo, transit insurance, cyber liability, and business interruption.

Named customers10 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Insurance Carrier Partners (Surety)coreChannel Partner/ Reseller/ DistributorLedgestone maintains a portfolio of carrier partner relationships that support small, medium, and large contractor needs for surety bonding. These partnerships enable the company to identify underwriters suited to individual contractor profiles and develop bonding programs. The carrier network provides competitive limits and financial benchmarking capabilities.
• Multiple Insurance CompaniescoreChannel Partner/ Reseller/ DistributorAs an independent agency, Ledgestone represents different insurance companies to offer variety of policies unique to each client. This multi-carrier model allows the agency to shop and compare coverage options for clients, providing competitive pricing and coverage options.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• INSURICA Insurance Network: Independent insurance agency network offering commercial, personal, and surety bonding products across multiple U.S. states with a similar multi-carrier brokerage model and industry-vertical specialization closely matching Ledgestone's go-to-market.
• Leavitt Group: Regional independent insurance agency network providing commercial, personal, and employee benefits products to businesses, with a family-influenced ownership culture and multi-carrier distribution model paralleling Ledgestone.
• TrueNorth Companies: Mid-market insurance brokerage and risk management firm offering business insurance, employee benefits, and personal lines with industry-specific practice groups, closely aligned with Ledgestone's service mix and target client size.
• IMA Financial Group: Mid-market independent insurance brokerage offering commercial, surety, and employee benefits solutions with industry-specific expertise, operating with a similar relationship-driven sales motion and specialty practice model.
• Assurance: Mid-market insurance brokerage (an Marsh McLennan company) with strong employer benefits and commercial property/casualty practices; closely comparable in target client size, employee benefits emphasis, and relationship-driven service model.

Broad incumbents

• RPS (Risk Placement Services): National specialty broker and wholesale insurance distributor with deep construction surety expertise, representing a larger incumbent offering overlapping bond placement capabilities and contractor industry specialization relevant to Ledgestone's surety book.
• Hub International: Large-scale insurance brokerage serving commercial, personal, and benefits clients across North America with regional offices; competes with independent agencies for mid-market commercial and construction surety accounts.
• Acrisure: Tech-enabled insurance brokerage that acquires and partners with independent agencies; represents a strategic acquirer and competitor combining scale, capital, and proprietary technology that traditional agencies like Ledgestone lack.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with strong surety practice and broad mid-market presence; represents a large incumbent competitor across commercial, benefits, and bond lines.
• Brown & Brown, Inc. Diversified insurance brokerage serving commercial, personal, and benefits markets through a network of regional offices; competes with independent agencies for the same SMB and mid-market accounts and pursues agency acquisitions in the Midwest.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ledgestoneassociates

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ledgestone