What Elevate Insurance Services does

Elevate Insurance Services is a Philadelphia-based Managing General Agent (MGA) that specializes in guaranteed cost workers' compensation insurance for high-risk construction contractors. Founded in 2017, the company targets contractors in roofing, framing, scaffolding creation, and asbestos abatement who currently pay $150,000 or more in annual workers' compensation premium. The program is underwritten and serviced by Elevate but placed with Berkshire Hathaway Homestate Companies, an A.M. Best A++ XIII rated carrier, which provides the financial backing and capacity for the book of business.

The core product is a guaranteed cost workers' compensation policy, supported by three ancillary services: risk assessment (a 30-45 minute phone call and/or job site inspection), loss control, and proactive claims management. Submissions are accepted exclusively from appointed insurance agents and brokers, who submit complete packages including five years of loss runs, Acord and supplemental applications, five years of payroll by class code, experience modification worksheets, and recent financial statements; Elevate recommends a 45-day pre-inception window for quoting. The company operates under the dual brands Elevate Insurance Services™ and Elevate Employers Insurance Services™ and is licensed in Pennsylvania (Lic# 0E87149, Agency Lic# 0H45136) with coverage available in most US states. The company footer references Strategic Risk Solutions, suggesting a broader affiliated risk-services group.

The business model is commission-based: Elevate earns MGA commission on the workers' compensation premiums placed with Berkshire Hathaway Homestate Companies, with pricing determined per policy via underwriting rather than a publicly disclosed rate. Distribution is entirely indirect via the appointed agent channel, managed by President J.J. Purdy, with a small team (1-10 employees) handling intake, underwriting support, and broker relations. No funding history, revenue disclosure, M&A activity, or technology platform details are present in available data.

Name

Elevate Insurance Services

Legal name

Elevate Insurance Services

Website

https://elevate-ins.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Elevate Insurance Services is a Philadelphia-based MGA providing guaranteed cost workers' compensation coverage for high-risk U.S. construction contractors (roofing, framing, scaffolding, asbestos abatement) paying $150,000+ annually, placed exclusively with Berkshire Hathaway Homestate Companies through appointed agents.

Ownership category

akta.pro rank

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance Premiums: Elevate Insurance Services generates revenue through workers' compensation insurance premiums collected from contractors. They manage a guaranteed cost workers compensation program for high-risk contractor industries including roofing, framing, scaffolding, and asbestos abatement. The company targets contractors who pay $150,000 or more in annual premium.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elevate Insurance Services is a managing general agent that delivers guaranteed cost workers' compensation insurance coverage for contractors in high-risk trades such as roofing, framing, scaffolding, and asbestos abatement. The program is underwritten by Berkshire Hathaway Homestate Companies (A.M. Best A++ XIII rated) and is distributed exclusively through a network of appointed insurance agents to contractors paying $150,000 or more in annual workers' compensation premium. The offering is supported by proactive risk assessment, loss control, and claims management services.

Product overview

Elevate Insurance Services provides Guaranteed Cost Workers' Compensation coverage solutions exclusively for contractors in high-risk trades including roofing, framing, scaffolding creation, and asbestos abatement, requiring minimum annual premiums of $150,000. The company operates through its Elevate Insurance Services™ and Elevate Employers Insurance Services™ sub-brands, delivering a comprehensive insurance offering backed by Berkshire Hathaway Homestate Companies (A.M. Best A++ XIII rated). The portfolio centers on the core Guaranteed Cost Workers' Compensation product, supported by ancillary Risk Assessment Services, Loss Control Services, and Claims Management Services to provide end-to-end coverage and risk management for contractors.

Differentiator

Problem solved

Functional benefit

Products and services

• Guaranteed Cost Workers' Compensation Coverage A guaranteed cost workers' compensation insurance program written by Berkshire Hathaway Homestate Companies for contractors in high-risk trades including roofing, framing, scaffolding, and asbestos abatement operations, requiring minimum annual premiums of $150,000.
• Risk Assessment Services Risk assessment phone calls (30-45 minutes) and job site inspections conducted by Elevate Insurance Services or BHHC loss control representatives as part of the underwriting process, covering insured operations, management practices, and safety initiatives.
• Loss Control Services Proactive loss control services provided to help contractors reduce risk and improve workplace safety, conducted by Elevate Insurance Services or BHHC loss control representatives.
• Claims Management Services Proactive claims management services to efficiently handle workers' compensation claims for covered contractors.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Berkshire Hathaway Homestate CompaniescoreStrategic or Co-development PartnerElevate Insurance Services has partnered with Berkshire Hathaway Homestate Companies, an A.M. Best A++ XIII rated insurance company, to bring contractors a competitive workers' compensation program. The partnership provides financial strength and security backed by Berkshire Hathaway's strong ratings. Elevate manages the program including underwriting and submissions while BHHC provides the insurance capacity and financial backing.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Amtrust Financial Services: Workers' comp-focused carrier and program administrator with a sizable small-to-mid-market contractor book distributed through MGAs and appointed agents. Comparable because it underwrites and prices similar contractor workers' comp risks and supports MGA-style delegated programs.
• Burns & Wilcox: National wholesale broker and MGA with specialty placement expertise across excess & surplus lines, including workers' comp for difficult construction risks. Comparable because it serves as a delegated program and placement partner for retail agents seeking high-hazard workers' comp coverage.
• Amwins: Largest US wholesale insurance broker with extensive specialty workers' comp placement capabilities and program-administration services. Comparable because it places difficult workers' comp risks for retail agents, including contractor accounts, competing for the same producer relationships Elevate cultivates.
• Berkshire Hathaway Homestate Companies: The carrier partner that underwrites 100% of Elevate's workers' comp premium and provides the A++ XIII A.M. Best rating Elevate markets. Comparable because it is the same workers' comp risk pool and pricing engine Elevate distributes; Elevate effectively operates as a delegated program within BHHC's portfolio.

Direct peers

• Employers Holdings: Workers' comp specialist carrier focused on small and mid-market businesses, including high-hazard contractor classes. Comparable because it uses appointed agent distribution and targets the same mid-premium contractor segment with similar underwriting rigor.
• Zenith Insurance Company: Workers' comp carrier within the Berkshire Hathaway group that targets high-hazard construction and contractor classes. Comparable because it shares BHHC's appetite for difficult workers' comp risks and competes for the same mid-to-large contractor accounts that Elevate distributes to through agents.
• ICW Group: Workers' comp-focused carrier with a strong construction and contractor franchise, including programs for high-hazard trades. Comparable because it targets the same mid-market contractor segment with similar underwriting discipline and producer-driven distribution.
• RPS (Risk Placement Services): Wholesale broker and MGA platform that places specialty workers' comp coverage for retail agents, including high-hazard construction classes. Comparable because it competes for the same producer-driven submission flow into specialty workers' comp carriers.
• Breckenridge Insurance Services: Wholesale broker and program administrator with construction and contractor-focused specialty programs, including workers' comp placements for high-hazard trades. Comparable because it distributes specialty workers' comp through appointed agents and competes for similar mid-market contractor submissions.

Emerging players

• NEXT Insurance: Tech-enabled workers' comp and commercial lines carrier focused on small and mid-market contractors, distributed online and through partner networks. Comparable because it targets the same contractor end-customer with workers' comp, though via a digital-first model rather than Elevate's traditional appointed-agent MGA structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elevate-insurance-services-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Elevate Insurance Services