Bastion Insurance Brokerage

What Bastion Insurance Brokerage does

Bastion Insurance Brokerage Inc. is a privately held Property & Casualty insurance brokerage headquartered at 1217 Castle Hill Avenue in the Bronx, New York, founded around 2013 and operating with 1-10 employees. The firm functions as a traditional retail broker, earning transaction commissions from carriers for placing and binding policies, and does not underwrite risk itself. Its core product set spans Business Owners Policies, Commercial Package, Property, General Liability, Workers Compensation, Homeowners, Disability Benefits, Surety Bonds, and Excess Lines, with 90% of policies commercial and 95% of business sourced from small businesses.

The firm is explicitly oriented toward small local businesses and immigrant entrepreneurs in the New York metropolitan area, differentiating through bilingual (English/Spanish) service and personalized guidance for clients who may know English as a second language. Distribution is direct: word-of-mouth referrals and in-person engagement rather than digital marketing campaigns. The operating technology stack is lightweight and off-the-shelf, centered on Salesforce, QuickBooks, RingCentral, Trello, and PropertyShark, with no proprietary platform, no app, and no disclosed AI capabilities.

Revenue is commission-based and not publicly disclosed; the firm reports thousands of clients served, a 99% retention rate, and twelve-plus years of continuous operation. There are no recorded funding rounds, no institutional investors, no acquisitions, and no parent company. The business is founder/independently owned and geographically concentrated in the Northeast US, with a single office location and no evidence of multi-state expansion.

Name

Bastion Insurance Brokerage

Legal name

Bastion Insurance Brokerage Inc.

Website

https://bastion.co

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Bastion Insurance Brokerage Inc. is a privately held Property & Casualty insurance brokerage based in the Bronx, New York, serving small local businesses and immigrant entrepreneurs across the New York metro with bilingual English/Spanish service and commission-based placement of commercial and personal lines.

Ownership category

akta.pro rank

Product category

Property & Casualty Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Property casualty insurance
• Insurance brokerage services
• Commercial insurance coverage
• Small business insurance
• Surety bonding services

Headquarters

HQ city

New York

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. Insurance Brokerage Commissions: The agency earns commissions from insurance carriers for binding and placing insurance policies on behalf of clients. They assist thousands of clients in obtaining essential coverages such as Business Owners Policies, Commercial Package, Property, General Liability, Workers Compensation, Homeowners and Excess Lines.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bastion Insurance Brokerage is an independent Property & Casualty Insurance Brokerage that places coverage with insurance carriers on behalf of clients. The agency offers Business Owners Policies, Commercial Package, Property, General Liability, Workers Compensation, Homeowners, Disability Benefits, Bonds, and Excess Lines coverage, and earns commissions from carriers for binding and placing these policies. It primarily serves small local businesses and immigrant entrepreneurs in the New York metropolitan area.

Product overview

Bastion Insurance Brokerage operates as a single-product-focused Property & Casualty Insurance Brokerage. Their core offering is insurance brokerage services, not a software platform. The company offers a comprehensive portfolio of insurance products including Business Owners Policies, Commercial Package, Property Insurance, General Liability, Workers Compensation, Homeowners, Disability Benefits, and Excess Lines. These products are delivered as traditional insurance services with a focus on personalized guidance and support, particularly for small businesses and immigrant entrepreneurs. The company does not appear to offer a technology platform with modular components; instead, it provides insurance products as a unified brokerage service with a modernized customer experience approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Owners Policy Combined coverage package for small businesses typically including property, liability, and business interruption protection.
• General Liability Coverage protecting businesses against third-party claims for bodily injury, property damage, and personal injury.
• Workers Compensation Insurance coverage providing wage replacement and medical benefits to employees injured during employment.
• Disability Benefits Benefits providing income replacement for employees who become disabled due to non-work-related injuries or illnesses.
• Homeowners Insurance Coverage protecting homeowners against property damage, liability, and loss of personal belongings.
• Bonds Surety bonds providing financial guarantees for contract performance, license requirements, or legal obligations.
• Commercial Package Customizable bundle combining multiple commercial coverages tailored to business-specific needs.
• Property Insurance Coverage protecting commercial and personal property against damage, theft, and loss.
• Excess Lines Surplus lines coverage for risks that do not qualify for standard insurance markets.

Quantifiable outcome

• 99% client retention rate
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves3 records

Expansion highlights3 records

Emerging players

• Embroker: Digital commercial insurance broker focused on small and mid-sized businesses, offering streamlined quoting across multiple P&C lines. Comparable to Bastion in target customer (SMBs needing P&C) but with a tech-enabled acquisition model.
• Next Insurance: Digital-first SMB insurance carrier/broker targeting the same small business segment as Bastion. They offer online quoting and binding for GL, Workers Comp, BOP, and professional liability, competing for the same NYC SMB customer but through a self-service technology model.
• Thimble: On-demand small business insurance offering monthly BOP and GL policies to freelancers, contractors, and small businesses. Overlaps with Bastion's small commercial and entrepreneur segments but with a flexible short-term, digital product.
• CoverWallet: Digital commercial insurance broker (now part of Aon) that helps small businesses compare and purchase P&C policies online. Same product focus (BOP, GL, Workers Comp) and same SMB target as Bastion, with greater scale and brand.
• Coterie Insurance: API-driven small commercial insurance provider focused on BOP and GL for SMBs, including gig workers and small entrepreneurs. Targets a similar customer profile to Bastion's small business and immigrant entrepreneur segment via a fully digital experience.

Direct peers

• Simply Business: Insurance brokerage and marketplace focused exclusively on small businesses, comparing quotes across multiple carriers for BOP, GL, and professional coverage. Directly comparable customer base and product set to Bastion.
• Insureon: Online small commercial insurance brokerage specializing in BOP, GL, Workers Comp, and professional lines for SMBs. Serves a very similar customer profile to Bastion's small local business segment, though with a digital-first acquisition motion.

Broad incumbents

• Hiscox: Specialty insurer and broker focused on small businesses and the gig economy, offering BOP, GL, professional liability, and cyber. They compete with Bastion in the same niche but as a much larger, multi-product global player.
• The Hartford: Large incumbent carrier and broker with a dedicated small business unit offering BOP, Workers Comp, GL, and commercial auto. Competes with Bastion in the same SMB commercial P&C category but with national scale and direct-to-customer capabilities.
• Paychex Insurance Agency: Insurance agency arm of Paychex, offering Workers Comp, health, and P&C coverage to small businesses, often bundled with payroll services. Competes for the same small business customer in the Northeast, especially those needing Workers Comp.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Bastion Insurance Brokerage