Lloyd S. Berkett Insurance Agency

What Lloyd S. Berkett Insurance Agency does

Lloyd S. Berkett Insurance Agency is a Los Angeles-based commercial and personal lines insurance brokerage founded in 1946. The firm distributes commercial insurance, home insurance, health insurance, and auto insurance products, operating across Property & Casualty, Employee Benefits, Personal Lines, and Specialty Programs lines of coverage. Its core business model is commission-based brokerage: licensed agents intermediate between clients and multiple insurance carriers, pricing each account via individualized risk assessment rather than disclosed standard tiers.

Berkett operates as a West Agency Partner inside Foundation Risk Partners (FRP), a national insurance brokerage headquartered in Ormond Beach, Florida. Through the FRP West regional collective, Berkett is integrated with at least nine other California-based agencies, including Apartment Insurance Consultants, Balsiger Insurance, George Petersen Insurance Agency, LBW Insurance & Financial Services, and O'Kane & Tegay Insurance Brokers. The combined network targets nine primary verticals — Healthcare, Construction, Financial Institutions, Technology, Professional Services, Property Management/Habitational, Public Entities, Manufacturing, and Automotive — and supports specialized practice areas covering automotive insurance, banking institutions, managed care stop-loss, high-net-worth personal lines, and professional risk/EPLI/D&O/E&O coverage.

The firm's technology footprint is limited to a corporate website with client portal access; there are no disclosed APIs, proprietary AI/ML systems, mobile applications, or patents. Marketing is conducted through LinkedIn and direct brokerage channels. Underlying the franchise is the FRP platform's stated mission to acquire growth-oriented agencies, indicating a roll-up growth model in which Berkett functions as one node within a broader multi-region, multi-vertical brokerage infrastructure rather than as an independent technology-enabled insurtech.

Name

Lloyd S. Berkett Insurance Agency

Legal name

Foundation Risk Partners, Corp.

Website

https://berkettinsurance.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

11–50 employees

Short description

Lloyd S. Berkett Insurance Agency is a Los Angeles-based insurance brokerage founded in 1946, distributing commercial, home, health, and auto insurance. It operates as a West Agency Partner within Foundation Risk Partners' national brokerage platform, serving multiple industry verticals across California.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

akta.pro secondary industries

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

Keywords

• Commercial insurance brokerage
• Personal lines insurance
• Employee benefits administration
• Property casualty coverage
• Insurance risk management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels2 records

Core offering

Lloyd S. Berkett Insurance Agency is a Los Angeles-based insurance brokerage that sells commercial insurance, home insurance, health insurance, and auto insurance to individual and business clients. As a member agency of the FRP West regional network, it distributes Property & Casualty, Employee Benefits, Personal Lines, and Specialty Programs through licensed agents with access to multiple carrier markets.

Product overview

Foundation Risk Partners operates as an insurance brokerage platform offering a unified portfolio of insurance products and specialty practices. The core offering spans three primary lines: Commercial Lines (property, casualty, professional liability, cyber, workers' compensation), Employee Benefits (group health, dental, vision, 401k, compliance), and Personal Lines (homeowners, auto, umbrella). The company also maintains distinct specialized practice areas branded as FRP Automotive Practice, FRP Banking Institutions Practice, FRP Managed Care Practice, FRP Private Client Practice, and FRP Professional Risk Practice, each serving specific industry verticals. Additionally, FRP West represents a regional consolidation of California-based agencies delivering these products across diverse industries including healthcare, construction, financial institutions, technology, and more.

Differentiator

Problem solved

Functional benefit

Brands

• FRP West: Western region operations representing the integration of leading insurance agencies in California, delivering comprehensive solutions across Property & Casualty, Employee Benefits and Specialty Programs.
• FRP Automotive Practice
• FRP Banking Institutions Practice
• FRP Managed Care Practice
• FRP Private Client Practice
• FRP Professional Risk Practice

Products and services

• Commercial Insurance
• Home Insurance
• Auto Insurance
• Health Insurance

Segments9 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core.

• Apartment Insurance ConsultantscoreChannel Partner/ Reseller/ DistributorWest Agency Partner providing specialized insurance services as part of the FRP West collective network of integrated insurance agencies serving California markets.
• Balsiger InsurancecoreChannel Partner/ Reseller/ DistributorWest Agency Partner contributing to the FRP West network of integrated insurance agencies across California.
• FM FinancialcoreChannel Partner/ Reseller/ DistributorWest Agency Partner providing financial and insurance services as part of the FRP West network.
• George Petersen Insurance AgencycoreChannel Partner/ Reseller/ DistributorWest Agency Partner contributing specialized insurance expertise to the FRP West collective serving California.
• LBW Insurance & Financial ServicescoreChannel Partner/ Reseller/ DistributorWest Agency Partner providing integrated insurance and financial services within the FRP West network.
• O'Kane & Tegay Insurance BrokerscoreChannel Partner/ Reseller/ DistributorWest Agency Partner contributing to the FRP West integrated insurance agency network in California.
• Starboard Internal ConsultingcoreChannel Partner/ Reseller/ DistributorWest Agency Partner providing consulting and insurance services within the FRP West network.
• Trustco, Inc.coreChannel Partner/ Reseller/ DistributorWest Agency Partner contributing to the FRP West insurance agency collective serving California.
• HCITcoreChannel Partner/ Reseller/ DistributorWest Agency Partner providing specialized insurance services as part of the FRP West network.
• XL BenefitscoreChannel Partner/ Reseller/ DistributorWest Agency Partner contributing benefits-focused insurance services to the FRP West network.

Scale indicators1 record

Recent moves4 records

Expansion highlights5 records

Direct peers

• Brown & Brown: Large national retail insurance brokerage offering commercial P&C, personal lines, employee benefits, and specialty programs across multiple verticals — closely analogous business model to Berkett/FRP, just at much greater scale.
• Hub International: North American insurance brokerage built largely through acquisitions of regional agencies, offering the same multi-line P&C, benefits, and personal lines mix with strong West Coast presence.
• USI Insurance Services: Middle-market insurance brokerage with comparable commercial, personal, and benefits practices organized by industry verticals, very similar go-to-market to FRP West.
• Alliant Insurance Services: Specialty-focused national brokerage with strong California footprint, delivering commercial, benefits, and surety across construction, healthcare, and public entity verticals — directly comparable to FRP West.
• Acrisure: Tech-enabled insurance brokerage rapidly assembled through acquisitions of regional agencies; mirrors FRP's roll-up strategy and multi-line, multi-vertical model.
• Lockton: Largest independent insurance brokerage, organized around industry practices (including healthcare, construction, financial services) with comparable commercial and benefits capabilities.

Broad incumbents

• Arthur J. Gallagher: Global insurance brokerage and risk management firm with extensive commercial, benefits, and specialty practices serving the same verticals (healthcare, construction, financial institutions) as Berkett/FRP.
• Marsh McLennan: Global insurance brokerage and risk advisory giant whose commercial brokerage and benefits units serve overlapping verticals and product lines as Berkett/FRP.
• Aon: Global professional services firm offering risk, reinsurance, health and benefits brokerage directly overlapping Berkett/FRP's commercial, benefits, and specialty practice areas.

Regional players

• Heffernan Insurance Brokers: California-rooted insurance brokerage focused on commercial, personal, and benefits lines for mid-market clients — a strong regional peer for Berkett's California concentration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/lloyd-s.-berkett-insurance-agency
• Xx.com/LloydBerkettIns
• Facebookfacebook.com/Lloyd-S-Berkett-Insurance-Agency-Inc-105618739473904

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries15 records

Funding overview

Funding rounds

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 Lloyd S. Berkett Insurance Agency