Plastridge Insurance

What Plastridge Insurance does

Plastridge Insurance Agency, Inc. is a privately held, family-owned independent insurance brokerage founded in 1919 in Delray Beach, Florida, and operated for three generations by the Lynch family. The firm operates four physical offices across South Florida (Delray Beach, Boca Raton, Palm Beach Gardens, and Stuart), is licensed in approximately 30 states, and is recognized as a Top 100 Property & Casualty Agency by Insurance Journal in 2024 and 2025. As of 2019 the firm reported approximately 95-100 employees and roughly $16 million in revenue.

The agency is organized into three primary divisions—Commercial Lines, Personal Lines, and Employee Benefits—with eight specialty verticals inside Commercial Lines: Healthcare Facilities (1,200+ served), Condo & HOA Associations (1,000+ served), Restaurants & Breweries, Child Care & Independent Schools, Manufacturing & Distribution, Nonprofits, Municipalities, and Small Business. Plastridge distributes insurance products from multiple national and regional carriers as a member of the ISU Insurance Agency Network, holds exclusive co-developed programs with Lloyd's of London for healthcare and child care facilities, and operates risk management, claims advocacy, ACA compliance, and certificate-of-insurance services including a 24x7 EOI Direct integration for HOA accounts. Core technology includes the EPIC agency management system and comparative rating programs from carrier partners.

Plastridge generates revenue primarily through insurance commissions on commercial, personal, and group benefits policies (recurring annual premiums), with a smaller transaction-fee stream from certificate-of-insurance delivery. Pricing is quote-based and customized per client risk profile, with billing on an annual cadence. The go-to-market is sales-led through licensed agents at the four Florida offices, complemented by phone consultation, a website "Get A Quote" form, client portal for claims and proof of insurance, and referral channels via industry association partnerships and community involvement.

Name

Plastridge Insurance

Legal name

Plastridge Insurance Agency, Inc.

Website

https://plastridge.com

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

51–100 employees

Short description

Plastridge Insurance is a family-owned independent insurance brokerage founded in 1919 in South Florida, serving commercial, personal, and employee benefits clients across nine specialty verticals including healthcare facilities and HOAs, distributed via four offices and multiple carrier partnerships.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Individual Health Insurance Brokerage & Distribution (FSAIAEAL)

akta.pro secondary industry

Directors & Officers (D&O) Liability (FSAJADAF)

Keywords

• Commercial insurance brokerage
• Personal insurance agency
• Employee benefits brokerage
• Healthcare facility insurance
• HOA association insurance

Headquarters

HQ city

Delray Beach

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commissions - Commercial Lines: Commission-based revenue from commercial insurance policies including healthcare facilities, restaurants, HOAs, nonprofits, municipalities, manufacturing, and small business coverage
2. Insurance Commissions - Personal Lines: Commission-based revenue from personal insurance policies including home, auto, boat, and umbrella coverage
3. Employee Benefits Commissions: Commission revenue from group health, dental, vision, life insurance, and voluntary benefits for employers
4. Certificate of Insurance Services: Fee-based service for delivery of condominium and HOA certificates of insurance through EOI Direct partnership. Fees charged for new loan certificates ($27.95-$37.95) while renewals for existing loans are free

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Plastridge Insurance is an independent insurance agency that brokers commercial, personal, and employee benefits insurance products on behalf of multiple national and regional carriers. The agency operates specialized divisions for verticals such as healthcare facilities, condo/HOA associations, restaurants/breweries, child care, municipalities, manufacturing, and nonprofits, while also offering risk management consulting and claims advocacy services to clients across South Florida and approximately 30 states.

Product overview

Plastridge Insurance is an independent insurance agency offering a comprehensive portfolio of insurance products and services organized into three main divisions: Commercial Lines (business insurance covering restaurants, healthcare facilities, municipalities, nonprofits, HOAs, small business, manufacturing, and risk management), Personal Lines (home, auto, boat, umbrella coverage), and Employee Benefits (group medical, dental, vision, life insurance, and ACA compliance). Founded in 1919 and family-owned, the agency serves South Florida with multiple office locations and represents various national insurance carriers. Key specialty divisions include Healthcare Division with an exclusive Lloyd's of London program, Condo & HOA Associations serving over 1000 community associations, and Restaurants & Breweries hospitality coverage. The agency provides ancillary services including claims filing, proof of insurance certificates, risk management consulting, and a client portal. As an independent agency, Plastridge accesses multiple insurance markets to provide competitive pricing and customized coverage options.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Lines Insurance Business insurance products protecting companies from claims, lawsuits, and liability risks. Covers various commercial sectors including restaurants, healthcare facilities, municipalities, nonprofits, and manufacturing.
• Personal Lines Insurance Insurance coverage for individuals protecting personal assets including homes, vehicles, boats, and excess liability protection.
• Employee Benefits Group benefits programs for employers including group medical, dental, vision, life insurance, disability coverage, and ACA compliance services.
• Healthcare Division Insurance Specialized insurance program for healthcare facilities including assisted living communities, home health agencies, nursing facilities, rehabilitation centers, and urgent care centers. Features an exclusive program with Lloyd's of London.
• Condo & HOA Associations Insurance Risk management and insurance programs for condominium and homeowner associations throughout Florida, covering over 1000 community associations.
• Restaurants & Breweries Insurance Hospitality risk insurance for restaurants, breweries, bars, and nightclubs with specialized coverage analysis and risk management.
• Child Care Facility & Independent School Insurance Specialized insurance for child care facilities and independent schools covering property, liability, professional liability, abuse/molestation, employment practices, and workers compensation.
• Manufacturing & Distribution Insurance Insurance coverage for manufacturing and distribution businesses with strategic programs based on unique operational needs.
• Nonprofit Insurance Insurance tailored to nonprofit organizations with specialized coverage for unique operations and budget considerations.
• Municipalities & Public Entities Insurance Public entity insurance for tax funded entities including municipalities, utilities, schools, airports, and police/fire departments with unique coverage options.
• Small Business Insurance Insurance advisory and coverage customization for small businesses including claims guidance and employee benefit packages.
• Risk Management Consulting Risk consulting services including identification, analysis, and evaluation of risk potential with recommendations for comprehensive coverage.
• Hurricane & Flood Insurance Specialized coverage for hurricane and flood damage including wind insurance, FEMA flood policies, and LOMA/grandfathering assistance for changed flood zones.
• Home Insurance Homeowners insurance protecting property and assets, required by mortgage lenders and essential for property owners.
• Auto Insurance Vehicle insurance with comparative rating programs and discounts for safety features like airbags and antilock brakes.
• Boat & Yacht Insurance Coverage for recreational boaters including agreed hull value, actual cash value, liability, and towing options.
• Umbrella/Excess Liability Insurance Supplemental liability insurance above basic auto, home, or renters policies protecting assets from unforeseen events.
• Private Client Insurance Personalized insurance packages for high-net-worth individuals with coverage tailored to unique lifestyles for over 50 years.
• Life Insurance Life insurance coverage for families with policies adapted to different life stages from children to retirement.
• Certificate of Insurance Services Delivery of condominium and HOA certificates of insurance through EOI Direct partnership with 24x7 online access. Fees range from $27.95 to $37.95 for new loan certificates, with renewals for existing loans provided free of charge.

Quantifiable outcome

• $650 million+ in claims facilitated for Hurricane Wilma recovery
• +3 more outcomes

Named customers8 records

Segments9 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Lloyd's of LondoncoreStrategic or Co-development PartnerExclusive partnership with Lloyd's of London to provide proprietary insurance programs specifically designed for healthcare facilities including Assisted Living, Home Care, and Home Health organizations. This exclusive program allows clients to access specialized coverage not generally available in standard markets.
• Florida Assisted Living Association (FALA)coreStrategic or Co-development PartnerPaladium Partner of FALA, providing exclusive insurance programs and support for assisted living facilities in Florida. Active member and supporter of the organization.
• Florida Senior Living Associations (FSLA)minorStrategic or Co-development PartnerActive member of FSLA, supporting the senior living industry through specialized insurance programs and industry advocacy.
• Home Care Association of Florida (HCAF)minorStrategic or Co-development PartnerMember of HCAF, providing home care agencies with access to specialized insurance coverage and risk management resources.
• Clear Advantage Risk ManagementminorImplementation/ SI/ Consulting PartnerRisk management consulting partner providing additional risk analysis and evaluation services for clients.
• ISU Insurance Agency NetworkcoreChannel Partner/ Reseller/ DistributorMember of ISU Insurance Agency Network that unites independent insurance agencies across the nation, providing access to additional markets for clients in both Commercial and Personal Lines.
• EOI DirectcoreTechnology or IntegrationPartnership with EOI Direct for online delivery of Condominium & HOA certificates of insurance. Provides 24x7 online access to certificates with delivery fees of $27.95-$37.95 for new loans and free renewals for existing loans.
• Lloyd's of London (Child Care Program)coreStrategic or Co-development PartnerExclusive Liability Insurance Program built specifically for the child care industry, developed in partnership with Lloyd's of London to address specialized coverage needs for childcare facilities.
• Various National Insurance CarrierscoreChannel Partner/ Reseller/ DistributorRepresents various national and regional insurance carriers, allowing licensed agents to effectively negotiate rates and tailor coverages. Provides access to multiple markets for comprehensive coverage options.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Brown & Brown, Inc. Daytona Beach-headquartered insurance brokerage that grew via the same playbook: serial acquisitions of independent agencies across multiple geographies and specialty lines. The closest Florida-rooted comparable and a natural acquirer of agencies like Plastridge.
• Foundation Risk Partners: Florida-based, fast-growing insurance brokerage built through systematic acquisitions of mid-size independent agencies. Highly comparable operating profile and a potential acquirer or roll-up peer for Plastridge.
• Heffernan Insurance Brokers: Independent insurance brokerage with similar multi-line structure across commercial, personal, and employee benefits and comparable employee scale, providing a benchmark for mid-size independent agency economics.
• The Hilb Group: Mid-Atlantic independent insurance agency grown via acquisitions; comparable multi-line, multi-vertical model and similar revenue scale.

Emerging players

• World Insurance Associates: PE-backed insurance agency roll-up that acquires small and mid-size agencies nationally at premium multiples. Comparable acquisitive playbook but with outside capital and national scope.

Broad incumbents

• Acrisure: PE-backed global insurance brokerage that has acquired hundreds of agencies; the largest roll-up consolidator with substantially different scale and capital structure from Plastridge.
• Hub International: PE-backed North American insurance brokerage with a similar multi-line, multi-vertical strategy and a meaningful Florida presence — comparable operating model at much greater scale.
• USI Insurance Services: Large national insurance brokerage; compares as a scaled multi-line, multi-vertical agency that has executed the same specialty-division strategy more broadly across the U.S.
• Burns & Wilcox: Specialty insurance wholesale brokerage with vertical specialty expertise analogous to Plastridge's healthcare, HOA, and hospitality divisions.
• Risk Placement Services (RPS): Specialty insurance brokerage and underwriting firm; comparable vertical specialization and similar approach to niche, hard-to-place commercial risks in Florida.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/PlastridgeI

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Plastridge Insurance