Koverage Insurance Group
Koverage Insurance Group is an independent insurance agency in Connecticut distributing personal, commercial, and employee benefits coverage through licensed advisors, six physical offices, 30+ carrier partnerships, and licensing across 25-26 states.
- Company typePrivate
- Founded2017
- HeadquartersEnfield, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Koverage Insurance Group does
Koverage Insurance Group is an independent insurance agency distributing personal, commercial, and group benefits coverage through licensed insurance advisors. Founded in 2017 in Enfield, Connecticut, the company was formed by consolidating six legacy Connecticut agencies (including DiLorenzo Insurance and Stephen Rak Insurance Group) under a single brand, with subsequent tuck-in acquisitions of Jarrett Agency and Carrier-Ripley Insurance in 2017 and Strathman-Winch Insurance in January 2018. It operates six physical offices across Connecticut (Enfield, Clinton, Milford, New Britain, New Hartford, Suffield) while holding licenses to serve clients in 25-26 states. The agency is a partner agency of Patriot Growth Insurance Services, LLC and is currently transitioning to the Patriot brand.
The company offers a broad product portfolio organized into three lines: Personal Insurance (home, auto, individual life, condo, renters, high-net-worth, watercraft, motorcycle, RV, classic car, flood, travel, wedding, pet, individual health and dental), Business Insurance (BOP, general liability, commercial umbrella, business auto, commercial property, workers' comp, cyber liability, EPLI, E&O, D&O, crime, surety bonds, and industry-specialized coverage for breweries, farms, contractors, restaurants, and retail), and Employee Benefits (group health, group dental, 401(k), disability, long-term care, voluntary benefits, life/AD&D, and employee assistance plans). Distribution is sales-led, supported by digital tools including online instant quote integration via AgentInsure, a 24/7 client center portal, blog content marketing, and a Refer-a-Friend program.
Revenue is generated via commissions earned by placing policies with 30+ carrier partners on behalf of clients, with no subscription or fee-for-service revenue streams disclosed. The company employs a team of 20+ licensed advisors carrying 100+ years of combined agency experience. No external funding, no patents, no AI/ML capabilities, and no disclosed revenue figures are present in the available data; the business is privately held as a Connecticut LLC.
Koverage Insurance Group firmographics
Firmographics- Name
- Koverage Insurance Group
- Legal name
- Koverage Insurance Group LLC
- Website
- https://koverage.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Koverage Insurance Group is an independent insurance agency in Connecticut distributing personal, commercial, and employee benefits coverage through licensed advisors, six physical offices, 30+ carrier partnerships, and licensing across 25-26 states.
- Ownership category
- akta.pro rank
Where Koverage Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Enfield
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Koverage Insurance Group 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 Commission Revenue: Revenue generated from commissions paid by insurance carriers for policies placed on behalf of clients. As an independent agency representing multiple insurance companies, they earn commission-based compensation for arranging coverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based insurance pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Koverage Insurance Group product offering
Product offeringCore offering
Koverage Insurance Group is an independent insurance agency that places personal, commercial, and employee benefits coverage on behalf of clients by shopping across 30+ insurance carriers. Its advisors operate from six Connecticut offices, helping individuals, families, high-net-worth households, business owners, and employers secure policies such as home, auto, life, commercial property, general liability, workers' comp, cyber liability, group health, and 401(k) plans. Revenue is generated via carrier-paid commissions on placed policies.
Product overview
Koverage Insurance Group is an independent insurance agency providing a comprehensive suite of personal, business, and employee benefits insurance solutions. The company offers its products through a network of six Connecticut office locations and serves clients across 26 states. The personal insurance portfolio includes home, auto, life, condo, and specialty coverages such as classic car, RV, watercraft, and travel insurance. Business insurance encompasses general liability, commercial property, workers compensation, cyber liability, and industry-specific coverages for breweries, restaurants, and contractors. Employee benefits programs include group health, dental, 401(k) retirement plans, disability, and long-term care insurance. The agency distributes through digital platforms including online instant quote tools, a 24/7 client portal for policy management, and mobile-accessible services, while maintaining partnerships with over 30 insurance carriers and more than 100 years of combined agency experience.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Insurance Comprehensive personal insurance solutions covering home, auto, life, and specialty coverage for individuals and families.
- Home Insurance
Quantifiable outcome
- Over 100 years of combined agency experience across the team
- +2 more outcomes
Companies that use Koverage Insurance Group
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Koverage Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Koverage Insurance Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Patriot Growth Insurance Services, LLCcoreKoverage Insurance Group is a partner agency of Patriot Growth Insurance Services, LLC. The agency is transitioning to the Patriot name and brand while maintaining their commitment to personalized and local service. Same trusted team continues under the Patriot Growth umbrella.
- 30+ Insurance CarrierscoreAs an independent agency, Koverage represents multiple insurance companies (30+ carrier partnerships) to provide customers with the best blend of policy and product availability.
- Agency Partnership NetworkminorAgency partnerships include Birarelli Insurance Agency, Carrier-Ripley Insurance, Clinton Insurance Center, DiLorenzo Insurance, Ethos-Koverage, Jarrett Agency, Olde Liberty Insurance, Remark Insurance Agency, Stephen Rak Insurance Group, and Tranquist operating under the Koverage brand.
- Big I (Independent Insurance Agents & Brokers of America)minorIndustry membership affiliation providing access to resources, training, and networking for independent insurance agents.
- PIA (National Association of Professional Insurance Agents)minorIndustry membership affiliation supporting professional insurance agents with advocacy, education, and business resources.
- Hanover Insurance GroupminorKoverage offers the Hanover SafeTeen Program providing specialized auto insurance solutions for teen drivers including education, monitoring apps, and deductible options.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Koverage Insurance Group competitors and assessment
Company assessmentDirect peers
- Cross Insurance: Cross Insurance is a regional independent insurance agency and brokerage headquartered in Maine, representing multiple carriers and offering personal, commercial, and benefits products much like Koverage. Its multi-state New England footprint and agency-partnership model make it a directly comparable independent agency of similar size.
- Higginbotham: Higginbotham is one of the largest independent insurance agencies in the U.S., offering personal, commercial, and employee benefits through multiple carrier partnerships. The independent agency model with broad product coverage closely mirrors Koverage's go-to-market approach at a much larger scale.
- Berry Insurance Group: Berry Insurance Group is an independent insurance agency in Massachusetts offering personal, business, and employee benefits products through multiple carrier partners. The comparable independent agency model, geographic proximity, and similar product breadth make it a direct peer to Koverage.
Broad incumbents
- Burns & Wilcox: Burns & Wilcox is a national specialty insurance wholesaler and brokerage providing commercial and personal lines across multiple states. Its multi-carrier, multi-product distribution model is comparable to Koverage's independent agency approach in the commercial specialty segment.
- USI Insurance Services: USI Insurance Services is a large national insurance brokerage offering property/casualty, employee benefits, and personal lines through carrier relationships and consultative advisors. Its scale, similar product mix, and multi-state operation make it a broad incumbent peer comparable to an expanded Koverage.
- World Insurance Associates: World Insurance Associates is a PE-backed insurance agency roll-up that has acquired independent agencies across the U.S. Its operating model of consolidating agencies onto a single platform closely resembles the Patriot Growth strategy that Koverage has joined.
- Brown & Brown Insurance: Brown & Brown is a publicly-traded national insurance brokerage distributing personal, commercial, and benefits products through a vast agency network. As a major incumbent that acquires and partners with agencies like Koverage, it represents the strategic exit opportunity and competitive benchmark for independent agency peers.
- Acrisure: Acrisure is a top-tier global insurance brokerage that has grown rapidly through acquisitions of independent agencies and tech-enabled platforms. Its strategy of acquiring agencies like Koverage and investing in digital infrastructure makes it both a direct competitor and a strategic acquirer comparable to Patriot Growth's approach.
Others
- Breckinridge Insurance Group: Breckinridge Insurance Group is an independent insurance agency in Kentucky that provides personal, commercial, and benefits products through multiple carriers. As another independent agency of similar size and structure, it is an adjacent comparable benchmark for Koverage's operating model.
Regional players
- Rogers & Gray Insurance: Rogers & Gray Insurance is a New England-based independent insurance agency providing personal, business, and benefits coverage with similar carrier-direct distribution model. Geographic overlap in the Northeast and comparable agency structure make it a regional peer to Koverage's Connecticut operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Koverage Insurance Group social profiles
Digital presenceKoverage Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Koverage Insurance Group leadership team
Management profileNumber of profiles
Profiles3 records
Koverage Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Koverage Insurance Group 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 Koverage Insurance Group
What does Koverage Insurance Group do?
Koverage Insurance Group is an independent insurance agency that places personal, commercial, and employee benefits coverage on behalf of clients by shopping across 30+ insurance carriers. Its advisors operate from six Connecticut offices, helping individuals, families, high-net-worth households, business owners, and employers secure policies such as home, auto, life, commercial property, general liability, workers' comp, cyber liability, group health, and 401(k) plans. Revenue is generated via carrier-paid commissions on placed policies.
Is Koverage Insurance Group a public or private company?
Koverage Insurance Group is a private company. It is classified as corporate owned and is currently operating.
When was Koverage Insurance Group founded?
Koverage Insurance Group was founded in 2017. It employs 11 to 50 people.
Where is Koverage Insurance Group based?
Koverage Insurance Group is headquartered in Enfield, United States, in the North America region.
How does Koverage Insurance Group make money?
One revenue line is on record: insurance Commission Revenue.
Who are Koverage Insurance Group's main competitors?
Direct peers on record are Cross Insurance, Higginbotham and Berry Insurance Group. Broad incumbents are Burns & Wilcox, USI Insurance Services, World Insurance Associates, Brown & Brown Insurance and Acrisure. Breckinridge Insurance Group is listed as an others. Rogers & Gray Insurance is listed as a regional player.
Does Koverage Insurance Group have an API?
No public API is recorded for Koverage Insurance Group.