Schoenfeld Insurance Associates

What Schoenfeld Insurance Associates does

Schoenfeld Insurance Associates, Inc. is a privately held, family-owned full-service independent insurance agency founded in 1964 and headquartered at 25 Hooks Lane, Suite 316, Pikesville, Maryland. The agency operates from a single location under consistent Schoenfeld-family leadership, with Judy Schoenfeld Morrison serving as President since 2010. It generates revenue primarily through commissions earned from placing and renewing insurance policies on behalf of clients, with access to nearly every major national insurance carrier and additional capacity through wholesale broker relationships. Its technology stack is industry-standard agency management software with no proprietary technology disclosed.

The agency serves three primary business units: Commercial Insurance (property, general liability, auto, workers' compensation, cyber, technology E&O, ocean marine, umbrella, bonding, and specialty coverages for manufacturing, technology, construction, nonprofit, staffing, and wholesale clients); Employee Benefits (group health, dental, vision, life, disability, voluntary, and ancillary benefits for employers ranging from two employees to publicly traded companies); and Personal Insurance (homeowners, auto, life, disability, boats/yachts). On top of this platform, Schoenfeld operates three niche specialty programs: The Designers Insurance Program (E&O and CGL for interior designers), the IAFF Program (D&O, EPLI, and fidelity bonds for International Association of Fire Fighters affiliate locals nationwide), and Cannabis Insurance (coverage for cultivators, dispensaries, manufacturers, security companies, landlords, and vendors). Distribution is relationship-led direct sales through a team of producers and account executives averaging 22 years of commercial insurance experience, supported by 24/7 claims coordination services.

Name

Schoenfeld Insurance Associates

Legal name

Schoenfeld Insurance Associates, Inc.

Website

https://schoenfeldins.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

11–50 employees

Short description

Schoenfeld Insurance Associates is a privately held, family-owned independent insurance agency founded in 1964 in Pikesville, Maryland, serving commercial businesses, employers, and individuals with commercial P&C, employee benefits, personal lines, and specialty programs for fire fighters, interior designers, and the cannabis industry.

Ownership category

akta.pro rank

Product category

Independent Insurance Agency

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Independent insurance agency
• Commercial property casualty
• Employee benefits brokerage
• Personal insurance coverage
• Specialty insurance programs

Headquarters

HQ city

Baltimore

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, Infrastructure, Technology or R&D

Revenue model

1. Insurance Agency Commissions: As an independent insurance agency, Schoenfeld Insurance Associates earns commissions from insurance carriers for placing and renewing insurance policies. They represent nearly every major insurance company and have access to hundreds more through wholesale brokers. Revenue is generated through commissions on commercial property and casualty insurance, personal insurance, employee benefit plans, life insurance, and disability insurance products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Schoenfeld Insurance Associates is a full-service independent insurance agency founded in 1964 that places and services commercial property and casualty insurance, employee benefit plans, personal insurance, life insurance, and disability insurance. The agency represents nearly every major insurance company and accesses hundreds more via wholesale brokers, earning commissions on policy placements and renewals.

Product overview

Schoenfeld Insurance Associates is a full-service independent insurance agency founded in 1964, offering a comprehensive portfolio of insurance products and services. The company operates with a platform-plus-specializations model, providing Commercial Insurance (Property, Liability, Workers' Compensation, Cyber, Specialty Coverages), Employee Benefits (Health, Dental, Vision, Life, Disability), Personal Insurance (Homeowners, Auto, Life), and specialized programs including The Designers Insurance Program for interior designers, IAFF insurance programs for fire fighters, and Cannabis Insurance. All products are offered through relationships with nearly every major insurance company with access to hundreds more via wholesale brokers.

Differentiator

Problem solved

Functional benefit

Brands

• The Designers Insurance Program: Insurance program specifically designed for interior designers covering property and liability risks unique to the interior design profession.
• IAFF Program
• Cannabis Insurance

Products and services

• Commercial Insurance

Quantifiable outcome

• 55+ years in business with consistent management at one location
• +1 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Brown & Brown, Inc. Large US insurance brokerage operating as a consolidator of independent agencies, providing a public-market benchmark for Schoenfeld's multi-segment brokerage model and acquisition-based growth trajectory.
• The Hilb Group: Mid-Atlantic independent insurance brokerage (now part of Acrisure) with a similar multi-line commercial and personal lines focus and comparable specialty program approach — the closest structural peer to Schoenfeld's regional independent agency model.
• AssuredPartners: National independent insurance brokerage built through acquisition of regional agencies, with product breadth and carrier access closely aligned to Schoenfeld's full-service independent agency offering.
• USI Insurance Services: Independent insurance brokerage with comparable mid-market commercial, employee benefits, and personal lines offerings, plus specialty practice areas analogous to Schoenfeld's vertical programs.
• Burns & Wilcox: Specialty insurance wholesale brokerage and managing general agent with vertical specialty programs and difficult-to-place risk expertise, comparable to Schoenfeld's specialty capabilities and wholesale broker access.
• RPS Insurance Brokerage: Specialty insurance brokerage and managing general agent with deep vertical program expertise (analogous to Schoenfeld's IAFF, cannabis, and designer programs) and wholesale distribution capabilities.
• Insurance Office of America: Privately held independent insurance agency offering commercial, personal, and employee benefits brokerage with similar relationship-driven distribution and family-business culture, comparable in scale and product breadth to Schoenfeld.

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with strong mid-market commercial and employee benefits practices, providing a larger incumbent comparable for Schoenfeld's product mix and distribution model.
• Acrisure: Tech-enabled global insurance brokerage built through rapid consolidation of regional independents, representing the platform competition Schoenfeld faces from PE-backed roll-up acquirers and the scale benefits Schoenfeld lacks.
• Marsh McLennan: Global insurance brokerage and risk advisory leader whose commercial brokerage and benefits consulting serve as a reference point for Schoenfeld's multi-line agency model, albeit at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/schoenfeld-insurance-associates-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Schoenfeld Insurance Associates