Drass Insurance Agency

What Drass Insurance Agency does

Drass Insurance Agency is an independently owned insurance agency headquartered in Wilmington, Delaware, serving the Tri-State area of Delaware, Pennsylvania, New Jersey, and Maryland. Founded approximately 1957, the agency operates as a multi-line insurance distributor representing more than 50 national and regional carriers including Progressive, Travelers, Liberty Mutual, Hartford, Chubb, Nationwide, Aetna, and Blue Cross Blue Shield. Its leadership team has been stable since 2010 under President Lou Leoni (41 years with the agency) and Vice President Laurie Dunfee (33 years in the industry), supported by specialized staff such as TRIP-certified trucking specialist Michell Gallagher. The firm reports headcount in the 51-100 range and earns revenue primarily through insurance carrier commissions.

The agency operates across three core product pillars. Business Insurance encompasses Business Owners Package policies, Commercial Auto and Property, General Liability, Workers' Compensation, Trucking/Transportation, Contractors, Cyber Liability, Builders' Risk, Business Interruption, Cargo, Surety Bonds, and specialty verticals including restaurants, hotels, wineries, manufacturers, medical malpractice, and non-profits. Personal Insurance covers Auto, Homeowners, Renters, Motorcycle, Boat & Marine, Flood, Earthquake, High Net Worth, Personal Umbrella, and Collector Car coverage. A newer Health Insurance and Group Benefits practice adds ACA plans, Medicare, individual/family health, dental, vision, disability, long-term care, 401(k), and FSA/HRA products. The agency employs dedicated vertical specialists in trucking, contractors, and commercial lines.

Distribution is sales-led through phone, in-person consultations at the appointment-only Wilmington office, and digital channels including online quote request forms and a Refer-a-Friend program. The technology stack consists of third-party agency platforms: EzLynx for the 24/7 client service portal, AgentInsure for auto/home comparative quoting, Propeller Insure for surety bonds, and a WordPress/BrightFire website with an active insurance blog. Marketing leverages content marketing, local SEO, and organic social media (Facebook, LinkedIn, Instagram). The revenue model is commission-based with annual billing cycles and individualized, risk-adjusted pricing from multiple carriers. The agency carries a 4.9/5 customer rating across 30 reviews and is privately held with no disclosed parent company, investors, or acquisition activity.

Name

Drass Insurance Agency

Legal name

Drass Insurance Agency

Website

https://www.drassinsurance.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

51–100 employees

Short description

Independent insurance agency in Wilmington, Delaware serving the Tri-State area (DE, PA, NJ, MD), distributing personal, commercial, trucking, contractors, and health insurance through 50+ carrier partnerships with dedicated vertical specialists.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Full-Coverage Personal Auto Insurance (FSAJAAAF)

akta.pro secondary industry

Off-Exchange Individual Major Medical Plans (FSAIAEAB)

Keywords

• Independent insurance agency
• Commercial insurance brokerage
• Personal lines insurance
• Trucking insurance services
• Contractors insurance

Headquarters

HQ city

Newport

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commissions: As an independent insurance agency, Drass Insurance Agency earns commissions from insurance carriers for policies sold and serviced. They represent multiple national and regional insurance companies and offer comparative quotes to find best coverage at competitive prices for clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Drass Insurance Agency is an independent insurance agency that sells commercial and personal insurance products on behalf of 50+ carrier partners, including business owners package, commercial auto, workers' compensation, trucking/transportation, contractors, and cyber liability coverage for businesses, plus auto, homeowners, life, health, and specialty personal lines for individuals. The agency offers free comparative quoting across carriers and serves the Tri-State Area (Delaware, Pennsylvania, New Jersey, Maryland) from its Wilmington, Delaware headquarters.

Product overview

Drass Insurance Agency is an independent insurance agency serving the Tri-State area (Delaware, Pennsylvania, New Jersey, and Maryland) that offers a comprehensive, multi-carrier insurance portfolio. Rather than a unified software platform, the agency provides a broad range of insurance products organized across three main pillars: Business Insurance (including Business Owners Package Insurance, Commercial Auto, Commercial Property, General Liability, Workers' Compensation, Trucking/Transportation, Contractors, Cyber Liability, Builders' Risk, Business Interruption, Cargo, Commercial Earthquake, Commercial Umbrella, Directors & Officers, EPLI, Employment Practices, Non-Profit, Restaurant & Bar, Hotel & Motel, Technology, Vineyard & Winery, Farm/Agricultural, Manufacturers, Medical Malpractice, Liquor Liability, Product Liability, Garage, Key Person, Kidnap & Ransom, Wholesalers & Distributors, and Surety Bonds), Personal Insurance (including Auto, Homeowners, Renters, Motorcycle, Boat & Marine, Collector Car, Condominium, Earthquake, Flood, High Net Worth, Mobile Home, Motor Home/RV, Personal Umbrella, Personal Watercraft, Rental Property, Snowmobile, and Life, Health, and Group Benefits offerings), and an online Client Center (EzLynx Portal). As an independent agency, it represents multiple insurance carriers and provides free comparative quotes by selecting the best coverage options from its carrier network to match each client's unique risk profile.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Owners Package (BOP) Insurance Bundled commercial insurance combining property and general liability coverage for small to medium-sized businesses, offering streamlined risk protection at an affordable rate.
• Commercial Auto Insurance Coverage for businesses against financial loss from employee-at-fault claims involving property damage and medical expenses, covering owned, leased, rented, and employee-owned vehicles used for business purposes.
• Commercial Property Insurance Coverage for business-owned structures, fixtures, furniture, inventory, supplies, equipment, and signage against losses from storms, fires, natural disasters, theft, and vandalism.
• General Liability Insurance Protection for businesses against claims arising from bodily injury, property damage, damage to rented premises, medical payments, advertising errors, and harm to reputation.
• Workers' Compensation Insurance State-mandated insurance providing medical treatment and partial wage reimbursement for workers injured on the job, protecting employers against civil lawsuits from injured workers.
• Trucking Insurance Custom commercial insurance policies for the trucking and transportation industry, covering tractors, pickups, tow trucks, box trucks, dump trucks, vans, and other commercial vehicles with options for cargo coverage, liability, rental reimbursement, trailer interchange, and more.
• Contractors Insurance Insurance coverage tailored for contractors, combining commercial general liability and workers' compensation protections for construction and trade professionals.
• Cyber Liability Insurance Business insurance covering costs associated with data breaches, ransomware attacks, and other cyber incidents, including notification costs, credit monitoring, legal fees, and business interruption losses.
• Auto Insurance Personal auto insurance providing vehicle protection with flexible coverage options, including liability, collision, comprehensive, and uninsured/underinsured motorist coverage for families and fleets.
• Homeowners Insurance Insurance protecting the homeowner's dwelling, personal possessions, and liability against unexpected events including damage, vandalism, theft, and guest injuries.
• Renters Insurance Coverage protecting renters' personal possessions against loss from storm, fire, wind, theft, and other perils, including liability for damage caused to rental property and guest medical costs.
• Motorcycle Insurance Insurance coverage for motorcycles including collision/comprehensive damage, bodily injury, property damage to others, uninsured/underinsured motorist protection, and coverage for custom parts and classic bikes.
• Boat & Marine Insurance Watercraft insurance with options including Agreed Hull Value (maximum payout for total loss) and Actual Cash Value coverage, plus liability and add-on coverages for emergency towing, fishing gear, and personal assets.
• Flood Insurance Coverage for flood damage offered through the NFIP (National Flood Insurance Program) and other carriers.
• Personal Umbrella Insurance Excess liability coverage providing additional protection beyond the limits of primary personal policies such as auto and homeowners insurance.
• Life Insurance Individual life insurance products including final expense, fixed annuities, individual life, and mortgage protection, sourced from multiple top-rated insurance carriers.
• Health Insurance

Quantifiable outcome

• 4.9 out of 5 customer satisfaction rating based on 30 reviews
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core and minor.

• ACEcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner represented by Drass Insurance Agency. One of the many carriers providing competitive pricing and coverage options for clients.
• AFLACcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner offering supplemental insurance products through Drass Insurance Agency.
• AetnacoreChannel Partner/ Reseller/ DistributorHealth insurance carrier partner for individual and group health coverage.
• Nationwide InsurancecoreChannel Partner/ Reseller/ DistributorMajor national insurance carrier partner for auto, home, and business coverage.
• Liberty Mutual InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier partner including Ohio Casualty brand for various coverage types.
• The Hartford Insurance GroupcoreChannel Partner/ Reseller/ DistributorMajor insurance carrier partner for business and personal coverage.
• Chubb GroupcoreChannel Partner/ Reseller/ DistributorPremium insurance carrier partner known for high-value property and casualty coverage.
• The Progressive CorporationcoreChannel Partner/ Reseller/ DistributorMajor auto insurance carrier partner including Progressive PA division.
• The Travelers Indemnity CompanycoreChannel Partner/ Reseller/ DistributorMajor insurance carrier partner for business and personal lines.
• Blue Cross Blue ShieldcoreChannel Partner/ Reseller/ DistributorHealth insurance carrier partner including Anthem and Horizon regional plans.
• Westfield InsurancecoreChannel Partner/ Reseller/ DistributorRegional insurance carrier partner offering commercial and personal coverage.
• Berkshire Hathaway GUARDcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner known for workers compensation and commercial coverage.
• Hagerty InsurancecoreChannel Partner/ Reseller/ DistributorSpecialty collector car insurance carrier partner.
• AmerisafecoreChannel Partner/ Reseller/ DistributorWorkers compensation and medical professional liability carrier.
• Berkley Mid-Atlantic GroupcoreChannel Partner/ Reseller/ DistributorRegional commercial lines carrier partner.
• BTIS (Builders & Tradesmen's Insurance)coreChannel Partner/ Reseller/ DistributorSpecialty carrier for contractors and tradesmen insurance.
• Canal Insurance CompanycoreChannel Partner/ Reseller/ DistributorTrucking and transportation insurance specialist carrier.
• Philadelphia Indemnity Insurance CompanycoreChannel Partner/ Reseller/ DistributorSpecialty lines carrier partner for various commercial coverage needs.
• IIABA Eagle AgencyminorStrategic or Co-development PartnerProfessional association membership in the Independent Insurance Agents & Brokers of America (IIABA) Eagle Agency program for independent agents.
• DASPminorStrategic or Co-development PartnerCommunity association membership. DASP appears to be a Delaware-area business or community association.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Brown & Brown, Inc. National insurance brokerage distributing P&C, employee benefits, and specialty lines across multiple carriers and customer segments. Highly comparable independent-agency business model, though operating at vastly greater scale across the U.S.
• Higginbotham Insurance: Large independent insurance agency offering commercial, personal, and employee benefits across multiple carriers. Closely mirrors Drass's multi-line independent agency model with carrier partnerships and dedicated specialty practices.
• Keystone Insurers Group: Alliance of independent insurance agencies sharing carrier access, operational best practices, and aggregation scale. Directly comparable independent agency model; Drass is itself part of IIABA Eagle Agency program.
• Insurance Office of America: Independent insurance agency providing commercial, personal, and employee benefits across multiple carriers. Comparable multi-line independent agency model with specialty practice depth.
• The Buckner Company: Multi-line independent insurance agency distributing personal, commercial, and benefits products across multiple carriers. Closely mirrors Drass's product breadth and independent agency model.

Regional players

• Erie Insurance Group: Regional P&C carrier with strong Mid-Atlantic and Mid-West distribution; competes against Drass's independent agency model in the Tri-State area while also using independent agents as distribution partners.
• Selective Insurance Group: Regional super-regional P&C carrier with strong independent agent distribution in the Mid-Atlantic, overlapping Drass's commercial and personal lines footprint and competing for the same agency relationships.
• Donegal Group: Regional P&C insurer distributed primarily through independent agents in the Mid-Atlantic and Midwest. Operates in many of the same Tri-State geographies and competes for the same commercial and personal lines business.

Broad incumbents

• Acrisure: Large, technology-enabled insurance brokerage with both independent agency and MGA operations. Represents the scaled, tech-forward end of the brokerage model that Drass competes with for specialty and commercial accounts.

Others

• Philadelphia Insurance Companies: Specialty P&C carrier that distributes heavily through independent agents in the Mid-Atlantic — including Drass. Adjacent in the value chain as a carrier partner but not a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/drassinsurance
• LinkedInlinkedin.com/company/drass-insurance-agency-inc/about
• Instagraminstagram.com/drassinsurance
• Xx.com/drassinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Drass Insurance Agency