Neighborhood Insurance Services

What Neighborhood Insurance Services does

Neighborhood Insurance Services (NIS) is a privately held independent insurance agency founded in 2008, headquartered in Madison, Mississippi with a regional corporate office in Dallas, Texas. The firm operates as a multi-line independent agency distributing personal lines (auto, homeowners, boat/watercraft, motorcycle) and commercial lines (general liability, property, professional liability/E&O), along with health, life, and specialized mobile device insurance. It holds appointments with over 75 life insurance carriers and additional P&C carriers, enabling cross-carrier quoting on behalf of customers. The agency also operates two adjacent sub-brands: NIS Restoration, a 24/7 water damage cleanup and restoration service, and Mobile Rhino, a downloadable mobile device insurance app.

Name

Neighborhood Insurance Services

Legal name

Neighborhood Insurance Services

Website

https://neighborhoodinsuranceservice.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Neighborhood Insurance Services is an independent insurance agency founded in 2008, distributing auto, home, business, health, life, and E&O coverage through 75+ carrier partnerships to individuals and small businesses across the U.S. South and Southwest.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Personal Auto Insurance (FSAJAMAA), Commercial Property Insurance (FSAJACAE)

Keywords

• Independent insurance agency
• Auto insurance coverage
• Homeowners insurance policies
• Small business insurance
• Life insurance products

Headquarters

HQ city

Ridgeland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency, NIS earns commissions from insurance carriers for policies placed. They represent multiple insurance companies and offer products including auto, home, business, health, life, and errors & omissions insurance. Revenue is generated through commissions on new policy sales and renewal commissions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Neighborhood Insurance Services is an independent insurance agency that sells personal and commercial insurance products on behalf of more than 75 insurance carriers. It places policies in categories such as auto, homeowners, business, health, life, and errors & omissions, earning commissions from carriers on new and renewal business. The agency also operates a water damage restoration division (NIS Restoration) and a mobile device insurance offering (Mobile Rhino).

Product overview

Neighborhood Insurance Services (NIS) is an independent insurance agency providing a comprehensive portfolio of insurance products and services. The core offering consists of six main insurance products: Auto Insurance, Homeowners Insurance, Business Insurance, Health Insurance, Life Insurance, and Errors & Omissions Insurance. Additionally, NIS offers specialized coverage for boat/watercraft and motorcycle owners through partnerships with multiple insurance carriers. The agency operates two specialized divisions: NIS Restoration for flood and water damage restoration services, and Mobile Rhino for mobile device insurance. NIS represents over 75 different insurance companies, enabling them to offer tailored solutions across both personal and small business insurance needs. The company primarily serves the Jackson, MS metropolitan area with corporate offices also in Dallas, TX.

Differentiator

Problem solved

Functional benefit

Brands

• NIS Restoration: A division of Neighborhood Insurance Services specializing in residential flood damage cleanup and water damage restoration caused by external flooding, burst pipes, frozen pipes, pipe leaks, water heater flooding, plumbing leaks, and appliance leaks. Offers 24/7 emergency services.

Products and services

• Auto Insurance Comprehensive vehicle coverage offering basic liability, collision, and comprehensive options tailored to individual needs and budgets, placed across multiple carriers.
• Homeowners Insurance Protection for residential properties covering structural damage from natural disasters and personal liability coverage, with policies tailored to homeowner needs.
• Business Insurance Customized coverage for small businesses including general liability, property insurance, and professional liability options designed for industry-specific risks.
• Health Insurance Range of health plans including individual plans, family coverage, and group insurance options providing comprehensive healthcare protection at competitive rates.
• Life Insurance Financial protection for families offering term policies, whole life coverage, and hard-to-place policy solutions through relationships with over 75 top life insurance firms.
• Errors & Omissions Insurance Professional liability coverage protecting businesses and consultants from claims of negligence or inadequate work, safeguarding financial assets and professional reputation.
• Boat and Watercraft Insurance Specialized coverage for boat and watercraft owners as part of the personal insurance portfolio, placed through carrier partners.
• Motorcycle Insurance Insurance coverage designed for motorcycle owners as part of the personal insurance offerings.
• NIS Restoration A division of Neighborhood Insurance Services providing residential flood damage cleanup and water damage restoration services, including external flooding, burst or frozen pipes, pipe leaks, water heater flooding, plumbing leaks, and appliance leaks, with 24/7 emergency response.
• Mobile Rhino Mobile Device Insurance Comprehensive mobile phone and tablet insurance plan offering 6-Point Protection covering loss, theft, mechanical and electrical malfunctions, accidental damage, and digital life protection for identity theft and personal privacy monitoring, available through a downloadable app.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Multiple Insurance CarrierscoreOthersNIS works with an impressive lineup of insurance carriers to offer competitive rates and customer-friendly insurance solutions. The agency represents over 75 different insurance companies across various product lines including home, auto, life, and business insurance. Carriers range from those writing the preferred market to those specializing in hard-to-place life insurance policies.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Lockton: Largest independent insurance brokerage worldwide, providing commercial, personal, and benefits solutions through multi-carrier relationships. Closest large-scale parallel to NIS's independent distribution model.
• Arthur J. Gallagher: Global insurance brokerage and risk management services firm with extensive personal, commercial, and specialty lines. Overlapping agency/brokerage model but operates at global incumbent scale with institutional client emphasis.
• Marsh McLennan: Global professional services firm providing insurance brokerage, risk management, and advisory through Marsh and other subsidiaries. Adjacent incumbent brokerage model, serving as the upper bound on what scaled agency/brokerage businesses can become.
• Brown & Brown: Large national insurance brokerage and agency offering property & casualty, employee benefits, and specialty coverage. Comparable as a multi-line independent agency/brokerage model, though at vastly larger scale and geographic reach than NIS.

Emerging players

• SmartFinancial: Digital insurance marketplace and agency operating a tech-enabled distribution platform across personal and commercial lines. Represents the digital-native agency model that contrasts with NIS's traditional consultation-led motion.
• World Insurance Associates: Acquisitive insurance agency roll-up aggregating independent agencies across the US. Compares as a parallel independent agency growth platform pursuing geographic and product-line expansion via M&A.
• SelectQuote: Direct-to-consumer insurance distribution platform focused primarily on life and senior market products. Comparable as a multi-carrier distribution intermediary, though with a digital acquisition model rather than community-based sales.

Direct peers

• Higginbotham: Large independent insurance brokerage serving commercial and personal lines across the Southern and Southwestern US. Closely comparable regional independent agency model with multi-carrier access and SMB focus, similar to NIS's geographic footprint.
• Goosehead Insurance: Independent insurance agency using a franchise-like distribution model representing multiple carriers to deliver personal and commercial lines. Directly comparable in independent agency structure, carrier breadth, and relationship-led sales motion, though at materially larger scale.
• Cross Insurance: Regional independent insurance agency/brokerage offering personal, commercial, and employee benefits across multiple states. Comparable as a multi-state independent agency with carrier representation and diversified product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/NISinsurance
• Facebookfacebook.com/neighborhood.service

Revenue estimate

Valuation estimate

Number of profiles

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 Neighborhood Insurance Services