Beehive Insurance

What Beehive Insurance does

Beehive Insurance is a Salt Lake City-based independent insurance agency founded in 1961 and operating as a subsidiary of Clyde Companies, a Utah construction conglomerate. The firm distributes commercial, personal, employee benefits, and specialty insurance products on behalf of multiple A-rated carriers, earning commissions on placement and renewal. Its core technology stack is not proprietary; instead, the agency layers third-party platforms — Zywave for HR and compliance content, Employee Navigator for benefits administration, AppliedPay for payments, and Indudio for trucking quote intake — on top of agent-led, consultative distribution.

The agency's product portfolio spans four business units. Business Insurance covers general liability, commercial property, commercial auto, workers compensation, inland marine, umbrella, cyber liability, professional and management liability, and captive programs. Employee Benefits serves large and small employer groups, association health plans, and individual health/life/Medicare needs. Personal Insurance covers homeowners, renters, auto, and recreational vehicles. Specialty Industries target trucking, contractors, manufacturing, surety bonding, hospitality, technology, self-storage, and agriculture.

Beehive earns revenue through standard insurance agency commissions from carriers, with possible contingency bonuses tied to loss-ratio and production performance. Its go-to-market is sales-led and relationship-driven, anchored by Clyde Companies and a network of more than 10 Utah industry association partnerships (including the Utah Trucking Association, AGC of Utah, and Utah Manufacturers Association). The agency operates from three Utah offices — Salt Lake City (headquarters), Cedar City, and St. George — and serves clients throughout the Intermountain West and across the United States.

Name

Beehive Insurance

Legal name

Beehive Insurance

Website

https://beehiveinsurance.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

51–100 employees

Short description

Beehive Insurance is a Utah-based independent insurance agency distributing commercial, personal, employee benefits, and specialty insurance on commission from multiple carriers, primarily serving construction, trucking, and manufacturing clients across the Intermountain West and the broader United States.

Ownership category

akta.pro rank

Product category

Independent Insurance Agency Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Employer-Sponsored Dental & Vision (Group) (FSAIAHAH)

akta.pro secondary industries

Basic Group Term Life (Employer-Paid) (FSAIADAA), Business Overhead Expense (BOE) Disability Insurance (FSAIAIAJ)

Keywords

• Commercial insurance agency
• Employee benefits brokerage
• Personal lines insurance
• Surety bonding services
• Specialty industry insurance

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Agency Commissions: Beehive Insurance generates revenue as an independent insurance agency by earning commissions from insurance carriers for placing business. As a broker, they represent multiple insurance carriers and earn commissions based on the policies sold and renewed. They also may earn contingency bonuses based on performance and loss ratios.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Beehive Insurance is a full-service independent insurance agency that places business, personal, employee benefits, and specialty industry insurance coverage on behalf of clients by brokering policies through multiple insurance carriers. The agency earns commissions from carriers for policies placed and renewed, and also delivers value-added services such as Zywave HR tools, Employee Navigator benefits administration, and Beehive Perks.

Product overview

Beehive Insurance is an independent insurance agency offering a comprehensive portfolio of insurance products across business, personal, and employee benefits categories. The core business insurance offerings include General Liability, Commercial Property, Commercial Auto, Workers Compensation, Inland Marine, Umbrella Liability, Cyber Liability, Professional & Management Liability, and Captive Programs. Employee benefits include Large and Small Group Benefits, Association Benefits (for Utah industry associations), and Individual Health/Life/Medicare. Personal insurance covers Homeowners/Renters, Auto, and specialty items like motorcycles and boats. The agency also specializes in industry-specific coverages including Trucking, Contractors, Manufacturing, Surety Bonding, Hospitality, Technology, Self-Storage, Agriculture/Farm, Nonprofit, and Firearm Industry insurance. They partner with numerous carriers and offer value-added services through Zywave (HR tools) and Employee Navigator (benefits administration).

Differentiator

Problem solved

Functional benefit

Products and services

• General Liability Protection for injury and property damage caused by business operations, products, and premises, offered to commercial clients.
• Commercial Property Coverage for buildings, contents, income, and other physical assets of businesses, including specialized self-storage facility coverage.
• Commercial Auto Liability, comprehensive, and collision coverage for commercial vehicles and fleets.
• Workers Compensation Coverage for injured employees' medical expenses, lost wages, and protection of the business from related lawsuits.
• Inland Marine Coverage for mobile property, builders risk, property under construction, and special property risks.
• Umbrella Liability Excess liability coverage that supplements standard general liability, commercial auto, and workers compensation policies.
• Cyber Liability First and third party coverages for data breaches including notification expenses, credit monitoring, data restoration, and third party defense costs.
• Professional & Management Liability Errors and Omissions, Directors and Officers, Fiduciary, and Employment Practices Liability coverage for professionals and business managers.
• Captive Programs Risk financing alternatives including Group Captive, Homogeneous/Heterogeneous Group Captive, Single Parent 831b Captive, and Risk Retention Groups for midsize to large companies.
• Group Benefits (Large and Small Employer) Comprehensive health coverage solutions for large and small employers including medical, dental, vision, life, disability, worksite plans, and Medicare navigation assistance.
• Association Health Plans Collective insurance plans for Utah associations including Utah Trucking Association, Associated General Contractors, Utah Manufacturers Association, and other industry groups, providing medical, dental, vision, life, disability, and telehealth risk pools.
• Individual Health, Life and Medicare Insurance Individual health insurance with HMOs, PPOs, and HDHPs with HSAs; term and permanent life insurance; Medicare Advantage and Supplement policies.
• Homeowners and Renters Insurance Protection for residences, belongings, and financial loss from accidents, including owner-occupied homes and rental properties.
• Personal Auto Insurance Personal auto coverage for vehicles through multiple leading personal auto insurance carriers.
• Other Personal Insurance (Motorcycles, RVs, Boats, ATVs, etc.) Coverage for motorcycles, motorhomes, ATVs, side-by-sides, snowmobiles, boats, collectible autos, and high-value homes.
• Trucking Insurance Specialized coverage for trucking companies from owner-operators to large fleets, including liability, physical damage, workers compensation, occupational accident, and cargo coverage.
• Contractors Insurance Insurance solutions for contractors including artisans and general contractors serving horizontal and vertical construction projects.
• Manufacturing Insurance Protection for manufacturing businesses from equipment breakdowns, supplier disruptions, and product liability risks.
• Surety Bonding Wide variety of contract and commercial bonds including bid bonds, performance and payment bonds, license and permit bonds, and notary bonds.
• Hospitality Insurance Specialized coverage for hospitality businesses including hotels, motels, extended care services, and assisted living facilities.
• Technology Insurance Coverage for technology companies including Technology Errors & Omissions, Cyber Liability & Data Breach, and Enterprise Risk Management Captive for intangible assets.
• Self-Storage Insurance Specialized insurance for self-storage operators including property coverage, customer goods legal liability, sale and disposal liability, and tenant insurance programs.
• Agriculture and Farm Insurance Customized coverage to protect farming and agricultural business assets.

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

17 partnerships are on record, tiered minor and core.

• Certified Insurance ServicesminorStrategic or Co-development Partner · 1 January 2018Acquired Certified Insurance Services in 2018, which was started in 1991 by James Froyd and became one of the leading agencies in Southern Utah with offices in Cedar City and St. George.
• Affiliated InsuranceminorStrategic or Co-development Partner · 1 January 2003Merged with Affiliated Insurance in 2003, bringing talents of Rand Austin, Mark Austin, and Jim Dickson to Beehive Insurance.
• Clyde CompaniescoreStrategic or Co-development Partner · 1 January 1961Parent company of Beehive Insurance. Founded in 1961 by construction mogul Wilford W. Clyde. Beehive was originally established to serve the insurance needs of Clyde Companies and its subsidiaries including W.W. Clyde, Geneva Rock Products, Suncore Construction, Sunpro, and Clyde Capital Group. Now operates as a sister company within the Clyde Companies portfolio.
• Utah Trucking AssociationcoreChannel Partner/ Reseller/ DistributorPartnership to form and manage medical, dental, vision, life, disability and telehealth risk pools for trucking industry members. Mike Valentine works closely with the association to provide tailored benefits solutions.
• Associated General Contractors of UtahcoreChannel Partner/ Reseller/ DistributorStrategic partnership to provide insurance and benefits solutions for construction industry members. Todd Valentine has helped build and grow association health plans serving general contractors.
• Utah Manufacturers AssociationcoreChannel Partner/ Reseller/ DistributorPartnership to offer group benefits and insurance programs to manufacturing industry members across Utah.
• Utah Association of Certified Public AccountantsminorChannel Partner/ Reseller/ DistributorPartnership to provide tailored benefits solutions for CPA firm members.
• Utah Plumbing & Heating Contractors AssociationminorChannel Partner/ Reseller/ DistributorPartnership to provide insurance and benefits coverage for plumbing and heating contractor members.
• Utah Steel Fabricators AssociationminorChannel Partner/ Reseller/ DistributorPartnership to serve steel fabrication industry members with specialized insurance needs.
• Intermountain Electrical AssociationminorChannel Partner/ Reseller/ DistributorPartnership to provide electrical industry-specific insurance and benefits programs.
• Utah Petroleum AssociationminorChannel Partner/ Reseller/ DistributorPartnership to serve petroleum industry members with tailored insurance coverage.
• Utah Mining AssociationminorChannel Partner/ Reseller/ DistributorPartnership to provide insurance solutions for mining industry members.
• Home Builders AssociationminorChannel Partner/ Reseller/ DistributorPartnership to offer insurance programs for home builder members including coverage for Aaron Griffith who was recognized as Associate of the Year.
• ZywavecoreTechnology or IntegrationTechnology partnership providing award-winning online HR library and benefits compliance tools including interactive compliance guides, HR tools for job descriptions and salary benchmarking, and downloadable forms and posters.
• Employee NavigatorcoreTechnology or IntegrationTechnology partnership providing all-in-one benefits administration platform with integrations to over 400 insurance carriers and 80+ payroll providers. Enables real-time data syncing for benefits enrollment and management.
• ACE American Insurance CompanycoreOthersInsurance carrier partner providing Occupational Accident Insurance for trucking industry clients. Coverage meets Utah Labor Code requirements for independent contractors.
• Insurance Carriers and PartnerscoreOthersBeehive represents many of the nation's finest insurance carriers and has access to markets that other agencies don't have access to. Multiple A-rated carriers support their self-storage insurance program including admitted and non-admitted coverage options.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/beehive-insurance-agency-inc.
• Xx.com/BeehiveIns
• Facebookfacebook.com/beehiveins

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 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 Beehive Insurance