Kraus-Anderson Insurance

What Kraus-Anderson Insurance does

Kraus-Anderson Insurance is a privately held, third-generation family-owned independent insurance agency headquartered in Minneapolis, Minnesota. The firm, founded in 1972 as the insurance arm of the Kraus-Anderson family of companies, delivers integrated commercial insurance, employee benefits, surety bonding, private client coverage, and specialty advisory services including risk management, workers' compensation, workplace safety, and HR consulting. It concentrates on five core commercial verticals: construction, real estate, manufacturing, architecture/engineering, and education, with an additional private client practice serving high net worth individuals. The agency is described as one of Minnesota's largest privately held independent agencies, with relationships spanning multiple decades in some cases.

The firm operates a relationship-driven, consultative go-to-market model anchored by dedicated advisors, supported by digital self-service through the KA Connect client portal (CSR24), the COMPTROL workers' compensation management platform, AppliedPay payment processing, Canopy personal insurance quoting, and ADP Workforce Now for HR. Revenue is generated from commissions on commercial and personal lines placements, employee benefits commissions, surety transaction fees, and professional services fees for HR and risk management consulting. Underwriting and policy administration rely on third-party carrier partners rather than proprietary insurance products, and the firm's technology layer is service-delivery focused rather than underwriting focused. Recent leadership transitioned to third-generation president Jon Diessner, with the agency reporting consecutive record sales years under his tenure.

Name

Kraus-Anderson Insurance

Legal name

Kraus-Anderson Insurance

Website

https://kainsurance.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

101–250 employees

Short description

Kraus-Anderson Insurance is a Minneapolis-based, third-generation family-owned independent insurance agency delivering integrated commercial insurance, employee benefits, surety, risk management, safety, and HR advisory services to mid-market and enterprise clients across construction, real estate, manufacturing, education, and architecture/engineering sectors.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)

SIC

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

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

Keywords

• Commercial insurance brokerage
• Risk management consulting
• Employee benefits advisory
• Surety bond services
• Workplace safety consulting

Headquarters

HQ city

Burnsville

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

Revenue model

1. Commercial Insurance Advisory: Revenue generated from commercial property & casualty insurance placements, professional liability coverage, and related commercial lines products. Commissions are earned on policy placements and renewals, with compensation based on premium volumes and carrier agreements.
2. Employee Benefits: Revenue from employee benefits consulting including health insurance program design, ACA navigation, wellness programs, and benefits administration. Earned through commissions on placed coverage and consulting fees.
3. Surety Bonds: Revenue from surety bonding services including bid bonds, performance bonds, payment bonds, and license/permit bonds for contractors and businesses.
4. HR Consulting Services: Revenue from human resources consulting including HR audits, handbook development, hiring/onboarding support, training, and leaves of absence management.
5. Workers' Compensation Services: Revenue from workers' compensation program management, experience modification factor verification, claims management, and loss prevention services (COMPTROL program).
6. Risk Management Consulting: Revenue from strategic risk management consulting including risk assessments, fractional Chief Risk Officer services, and risk modeling & analytics.
7. Private Client / Personal Insurance: Revenue from high net worth personal insurance including homeowners, personal auto, renters, recreational, umbrella, and life insurance products.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Kraus-Anderson Insurance is an independent insurance agency that places commercial insurance, employee benefits, and surety bonds, and delivers specialty advisory services including risk management, workplace safety, workers' compensation, and human resources consulting. It bundles coverage placement with risk, safety, benefits, and HR advisory under a single advisor relationship for clients in construction, real estate, manufacturing, architecture/engineering, and education. A smaller Private Client practice serves high-net-worth individuals with personal lines coverage.

Product overview

Kraus-Anderson Insurance is a privately held independent insurance agency offering integrated commercial insurance, risk management, safety, and HR solutions. The company operates as a unified platform combining Insurance Advisory products (Commercial Insurance, Employee Benefits, Surety, Private Client) with Specialty Advisory services (Risk Management, Workplace Safety, Workers' Compensation, Human Resources), all aligned with Core Markets including Construction, Real Estate, Architecture/Engineering, Education, and Manufacturing. The portfolio includes digital client service platforms (KA Connect portal, COMPTROL workers' comp management, AppliedPay payment processing) and specialized offerings like captive insurance advisory, serving clients from mid-market to large organizations across Minnesota and nationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Commercial insurance advisory balancing the cost of transferring, mitigating, retaining, and financing risk with a focus on total cost of risk for commercial clients.
• Employee Benefits Benefits strategy consulting covering program structure, ACA navigation, healthcare cost analysis, wellness guidance, and employee engagement for employer clients.
• Surety Bonding Surety bonding solutions including bid bonds, performance bonds, payment bonds, license and permit bonds, and court bonds for contractors and businesses.
• Private Client Insurance High-net-worth personal insurance including homeowners, personal auto, renters, recreational, umbrella, and life insurance coverage.
• Risk Management Consulting Strategic risk management consulting including risk assessments, fractional Chief Risk Officer services, and risk modeling and analytics for commercial clients.
• Workplace Safety Services OSHA compliance and workplace safety services including program development, safety committee facilitation, regulatory compliance, safety training, fleet safety, and jobsite and facility inspections.
• Workers' Compensation Management Workers' compensation management and experience modification reduction including claims management, mod verification, retroactive claims management, and return-to-work outcomes through the proprietary COMPTROL system.
• Human Resources Consulting HR consulting and compliance services including HR audits, handbook and policy development, on-call assistance, hiring and onboarding, training, and leaves of absence management.
• Construction Insurance & Risk Management Integrated insurance, surety bonding, and risk management solutions for contractors with deep operational understanding of bid, build, and crew management.
• Real Estate Insurance & Risk Property and casualty programs for real estate portfolios covering property valuation, catastrophe risk, liability, and tenant-related claims.
• Architecture & Engineering Insurance & Risk Professional liability, property, and umbrella coverage aligned with how architecture and engineering firms operate, including contract review and complex project support.
• Education Insurance & Risk Property and casualty programs for schools covering student safety, transportation, facilities, liability, and cyber exposure with HR and safety integration.
• Manufacturing Insurance & Risk Risk strategy aligned with operational performance covering equipment, workforce dynamics, production demands, and regulatory requirements for manufacturers.
• Captive Insurance Advisory Alternative risk structure consulting including group captive program evaluation, transition support, and ongoing captive management for commercial clients.

Quantifiable outcome

• Healthcare spending reduced by nearly half compared to projections
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Children's MinnesotaminorOthersCommunity partner for KA Has Heart volunteer program supporting healthcare initiatives and children's well-being in Minnesota communities.
• Minnesota Keystone ProgramminorOthersCommunity partner receiving financial and in-kind support through ongoing corporate giving focused on healthcare, education, and community well-being.
• Kraus-Anderson ConstructioncoreStrategic or Co-development PartnerFamily company providing construction industry expertise and operational perspective that informs insurance advisory services. Connection gives firsthand understanding of contractor challenges, project delivery, and industry dynamics.
• Kraus-Anderson RealtycoreStrategic or Co-development PartnerFamily company providing real estate industry expertise and market knowledge that informs property and real estate client advisory services.
• Insurance Carriers (Multiple)coreOthersStrong carrier relationships across commercial and personal insurance markets enabling competitive coverage placement, favorable policy terms, and advocacy on behalf of clients. Carrier partnerships support comprehensive coverage programs and pricing negotiations.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• IMA Financial Group: Midwest-headquartered independent insurance brokerage offering commercial insurance, surety, employee benefits, and risk management with similar vertical specialization and employee scale. Comparable as a privately held, relationship-driven agency competing for similar mid-market and enterprise accounts.
• Hub International: Large North American insurance brokerage with strong middle-market and commercial lines focus, vertically organized across industries including construction and real estate. Directly comparable in product breadth (P&C, benefits, surety, risk) and target customer profile.
• AssuredPartners: PE-backed insurance brokerage focused on middle-market commercial accounts with deep vertical specialization in construction, real estate, and manufacturing. Comparable in service mix including surety, benefits, and risk management consulting for similar customer segments.
• USI Insurance Services: Privately held insurance brokerage with strong middle-market and employee benefits focus, organized around industry verticals. Comparable in integrated advisory approach combining insurance placement with risk management and benefits consulting.
• Mesirow Insurance Services: Midwest-based independent insurance brokerage serving middle-market commercial clients with construction, real estate, and manufacturing emphasis. Comparable in regional Midwest positioning, vertical depth, and family/independent heritage.

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm serving mid-market through enterprise clients across all major verticals. Comparable offering portfolio (commercial, benefits, surety, risk management) though operating at significantly larger scale.
• Brown & Brown, Inc. Large publicly traded insurance brokerage with extensive middle-market and commercial lines coverage. Comparable in product breadth and vertical specialization, though operating at much greater scale across geographies.
• Marsh McLennan Agency: Middle-market focused subsidiary of Marsh McLennan providing commercial insurance, employee benefits, and risk management. Comparable in mid-market customer focus and integrated advisory services, with backing of a global brokerage parent.
• Aon: Global professional services firm with major insurance brokerage and risk management operations across commercial, benefits, and specialty lines. Comparable in product breadth, though operating as a multinational incumbent rather than a regional specialist.
• Marsh & McLennan Companies: Largest global insurance broker and risk advisor offering commercial insurance, surety, employee benefits, and consulting across all major verticals. Comparable in full-service capabilities and vertical specialization, but at enterprise scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kraus-anderson-insurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Kraus-Anderson Insurance