SourceOne Insurance
- Company typePrivate
- Founded1994
- HeadquartersFort Wayne, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
SourceOne Insurance firmographics
Firmographics- Name
- SourceOne Insurance
- Legal name
- SourceOne Insurance
- Website
- https://sourceoneinsurance.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where SourceOne Insurance is headquartered
LocationHeadquarters
- HQ city
- Fort Wayne
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
SourceOne Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Commissions: As an independent insurance agency, SourceOne earns commissions from insurance carriers for policies placed. Commissions are earned on new policy sales and renewals. The agency represents multiple insurance carriers and receives compensation based on premiums written.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based personalized pricing |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
SourceOne Insurance product offering
Product offeringCore offering
SourceOne Insurance is an independent insurance agency that sells commercial insurance, personal lines, employee benefits, and cyber liability coverage by representing 35+ insurance carriers. It provides personalized consultation, quote generation, policy placement, and ongoing service for businesses and individuals in Indiana through two physical offices, a website, live chat, and a client portal.
Product overview
SourceOne Insurance is an independent insurance agency offering a comprehensive portfolio of insurance products and services. The core offerings include Commercial Insurance (property, liability, workers' comp, commercial auto, cyber liability), Personal Insurance (home, auto, umbrella, life), and Employee Benefits (health, dental, vision, life, disability). The agency specializes in industry-specific coverages for trucking/transportation, tree services, construction, and manufacturing/tool & die sectors. SourceOne operates as a locally-owned independent agency in Fort Wayne and Columbia City, Indiana, providing personalized insurance solutions through multiple carrier partnerships. Client access is facilitated through an online client portal and carrier platform links.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Insurance Comprehensive commercial insurance coverage for businesses of all sizes, including property insurance, commercial liability, workers' compensation, commercial auto, cyber liability, professional liability, D&O, E&O, EPLI, surety bonding, aviation, international, and pollution coverage. Backed by a Commercial Lines team with over 100 years of combined experience.
- Personal Insurance Personal insurance products covering home, vehicle, and other personal coverage needs for individuals and families, including homeowners, renters, auto, comprehensive peril policies, flood, identity theft, umbrella, life insurance, motorcycle, classic car, ATV, motorhome, and golf cart insurance.
- Employee Benefits Group health and employee benefit programs for employers, including health insurance, dental, vision, life insurance, short-term and long-term disability, health reimbursement arrangements, health savings accounts, flexible spending accounts, voluntary benefits, and RX benefits. Supports small, medium, and large groups as well as level-funded and self-funded plans.
- Cyber Liability Insurance Cyber insurance coverage protecting businesses from data breaches, cyber threats, social engineering, ransomware, and associated financial and productivity losses. Includes risk analysis services to help businesses manage cyber exposures.
- Trucking and Transportation Insurance Specialized commercial insurance for the trucking and transportation industry covering fleet insurance, cargo insurance, trucking liability, commercial vehicle insurance, goods in transit insurance, warehouse and storage coverage, and employee benefits.
- Tree Services Insurance Insurance coverage for tree service companies and arborists, including tree trimming liability coverage, arborist insurance, workers compensation, general liability, auto, and property coverage tailored to the tree services industry.
- Construction Insurance Commercial insurance for the construction industry, including contractor liability insurance, builder's risk insurance, heavy equipment insurance, construction liability, tailored project insurance, and employee benefits packages.
- Manufacturing Tool and Die Insurance Specialized commercial insurance for the manufacturing tool and die industry covering CNC machine insurance, manufacturing liability, industry-specific milling insurance, equipment coverage, and employee benefits packages.
Quantifiable outcome
- Google rating of 4.64 out of 22 reviews indicating high customer satisfaction
Companies that use SourceOne Insurance
Customer profileNamed customers1 record
Segments8 records
Ideal customer profiles8 records
SourceOne Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
SourceOne Insurance partnerships and signals
Strategic signalPartnerships
33 partnerships are on record, tiered core.
- Acuity InsurancecoreInsurance carrier represented by SourceOne Insurance for property and casualty coverage. SourceOne acts as independent agent selling Acuity products to customers.
- AlwaysCarecoreInsurance carrier partner providing supplemental insurance products through SourceOne's agency
- AmerisafecoreInsurance carrier providing workers compensation and property insurance solutions through SourceOne
- Anthem BlueCross BlueShieldcoreMajor health insurance carrier providing medical coverage options through SourceOne's employee benefits and personal insurance lines
- OneAmerica | AULcoreFinancial services and insurance carrier partner for life insurance and retirement products through SourceOne
- ArrowheadcoreInsurance carrier partner for various property and casualty coverage products
- Auto-Owners InsurancecoreRegional insurance carrier providing auto, home, and commercial insurance through SourceOne
- Berkshire Hathaway HomestatecorePart of Berkshire Hathaway portfolio, providing workers compensation and commercial insurance solutions
- CNAcoreCommercial insurance carrier specializing in business insurance products sold through SourceOne
- Erie InsurancecoreRegional insurance carrier providing auto, home, and business insurance in the SourceOne service area
- EyeMedcoreVision insurance carrier providing eye care benefits through SourceOne's employee benefits offerings
- Foremost Insurance GroupcoreInsurance carrier specializing in specialty products including mobile home, landlord, and classic auto coverage
- Frankenmuth InsurancecoreRegional insurance carrier providing commercial and personal insurance products in the Midwest
- HagertycoreInsurance carrier specializing in classic car and collector vehicle insurance through SourceOne
- Imperial PFS | IPFScorePremium financing solutions partner for insurance premium financing arrangements
- Key Benefit AdministrationcoreThird-party administrator for employee benefits providing administration services
- Liberty Mutual InsurancecoreNational insurance carrier providing auto, home, and business insurance through SourceOne
- MetLifecoreMajor insurance carrier providing employee benefits, life insurance, and other coverage through SourceOne
- NationwidecoreNational insurance carrier providing auto, home, business, and employee benefits coverage through SourceOne
- Philadelphia Insurance CompaniescoreSpecialty insurance carrier providing niche commercial insurance solutions through SourceOne
- Physicians Health Plan | PHPcoreHealth insurance carrier providing medical coverage options for employee benefits through SourceOne
- PrincipalcoreFinancial services and insurance carrier providing employee benefits and retirement solutions
- Pro-Claim Plus, InccoreClaims management services partner for processing insurance claims
- ProgressivecoreNational insurance carrier providing auto and commercial insurance through SourceOne
- Safeco InsurancecoreInsurance carrier providing auto, home, and umbrella coverage through SourceOne
- TravelerscoreMajor commercial and personal insurance carrier providing comprehensive coverage through SourceOne
- United HealthcarecoreLarge health insurance carrier providing medical coverage through SourceOne's employee benefits and personal lines
- United Fire GroupcoreInsurance carrier providing commercial and personal property/casualty coverage through SourceOne
- US AssurecoreInsurance carrier providing various commercial and personal coverage products
- Voluntary Benefits AgencycorePartner providing voluntary workplace benefit products through SourceOne's employee benefits offerings
- VSPcoreVision insurance carrier providing eye care coverage through SourceOne's employee benefits lines
- West BendcoreRegional insurance carrier providing business and personal insurance products in the Midwest
- Wolverine MutualcoreRegional mutual insurance carrier providing coverage options through SourceOne
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
SourceOne Insurance competitors and assessment
Company assessmentBroad incumbents
- Acrisure: Acrisure is one of the largest independent insurance brokers globally, built by aggregating small independent agencies into a national platform. Directly comparable business model to SourceOne (independent agency earning carrier commissions) but operated at vastly greater scale across commercial, personal, and benefits lines.
- Hub International: Hub International is a major North American insurance brokerage operating an independent-agency-style platform with commercial, personal, and employee benefits practices. Comparable because it distributes through acquired local offices and represents multiple carriers, similar to SourceOne's model but at much larger scale.
- Brown & Brown Insurance: Brown & Brown is a large publicly traded insurance brokerage distributing commercial, personal, and benefits coverage through both organic growth and agency acquisitions. Comparable to SourceOne as a multi-line independent agency model, with peer emphasis on placing business across many carriers.
- Arthur J. Gallagher & Co. Arthur J. Gallagher is one of the largest global insurance brokerage and risk management firms, focused on commercial and benefits placements across multiple carriers. Comparable to SourceOne in product breadth (commercial, personal, benefits, specialty) but operating as a national/international incumbent rather than a local independent agent.
- Lockton Companies: Lockton is the world's largest independent insurance broker, offering commercial, personal, employee benefits, and specialty coverage via multiple carriers. Comparable because of multi-line agency/brokerage distribution model but at vastly greater scale and geographic reach than SourceOne's two Indiana offices.
- Marsh McLennan Agency: Marsh McLennan Agency is the US middle-market arm of Marsh, focused on commercial lines, employee benefits, and personal lines for businesses and individuals across multiple states. Comparable to SourceOne in multi-line independent-distribution model and target SMB/employer customer, but with national reach.
- Erie Insurance: Erie Insurance is a regional P&C carrier distributing auto, home, and commercial coverage through exclusive and independent agents in the Midwest and Mid-Atlantic. Comparable because SourceOne is one of Erie's independent agent partners, and Erie represents the direct/regional-carrier alternative SourceOne competes with for personal lines.
Direct peers
- Leavitt Group: Leavitt Group is a network of independently operated insurance agencies across the western and central US offering commercial, personal, and employee benefits through multiple carriers. Comparable to SourceOne as a closely matching independent-agency model serving regional SMBs and individuals with multi-line offerings.
Others
- Frankenmuth Insurance: Frankenmuth Insurance is a regional mutual carrier whose products are distributed through independent agents in the Midwest, including SourceOne. It is comparable as a regional insurance counterpart whose distribution partner (SourceOne) places business on its behalf for personal and commercial lines.
- Westfield Insurance: Westfield Insurance is a regional carrier distributing commercial, personal, and agribusiness coverage via independent agents across the Midwest. Comparable as a carrier partner whose independent distribution model overlaps SourceOne's go-to-market approach for commercial and personal lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
SourceOne Insurance social profiles
Digital presenceSourceOne Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
SourceOne Insurance leadership team
Management profileNumber of profiles
Profiles7 records
SourceOne Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SourceOne Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SourceOne Insurance
What does SourceOne Insurance do?
SourceOne Insurance is an independent insurance agency that sells commercial insurance, personal lines, employee benefits, and cyber liability coverage by representing 35+ insurance carriers. It provides personalized consultation, quote generation, policy placement, and ongoing service for businesses and individuals in Indiana through two physical offices, a website, live chat, and a client portal.
Is SourceOne Insurance a public or private company?
SourceOne Insurance is a private company. It is classified as management employee owned and is currently operating.
When was SourceOne Insurance founded?
SourceOne Insurance was founded in 1994. It employs 11 to 50 people.
Where is SourceOne Insurance based?
SourceOne Insurance is headquartered in Fort Wayne, United States, in the North America region.
How does SourceOne Insurance make money?
One revenue line is on record: insurance Commissions.
Who are SourceOne Insurance's main competitors?
Broad incumbents on record are Acrisure, Hub International, Brown & Brown Insurance, Arthur J. Gallagher & Co., Lockton Companies, Marsh McLennan Agency and Erie Insurance. Leavitt Group is listed as a direct peer. Others are Frankenmuth Insurance and Westfield Insurance.
Does SourceOne Insurance have an API?
No public API is recorded for SourceOne Insurance.