The David Agency Insurance

What The David Agency Insurance does

The David Agency Insurance is a privately held, independent insurance agency founded in 1975 and headquartered in Elmhurst, Illinois, operating primarily through its marine insurance division branded as Signal Marine Insurance. The firm underwrites and brokers a focused portfolio of marine insurance products, including sailboat insurance, power boat and luxury yacht insurance, marine business insurance, and a specialized group program called The Signal Insurance Program for yacht clubs and sailing organizations. Its target customer segments span individual recreational boat owners, owners of high-value luxury vessels, commercial marine businesses, marine facilities, and yacht clubs, with a primary emphasis on individual vessel owners, luxury yacht owners, and marine businesses.

The agency's go-to-market is sales-led and relationship-driven, distributing policies through direct office consultations, inbound phone calls (630.516.9000), email inquiries, and a dedicated marine insurance website. Pricing is quote-based and not publicly disclosed, with policies billed on an annual recurring cycle that produces subscription-style revenue from renewal premiums. The firm does not operate a proprietary technology platform; there are no APIs, integrations, mobile applications, or digital self-service tools in evidence, and all interactions are mediated by marine insurance specialists available seven days a week.

The company's stated differentiator is its experiential talent base — many employees own boats and participate in racing and cruising — which the firm uses to position itself as an "experienced and trusted leader" within the niche marine insurance vertical. Marketing is conducted through organic social channels (Facebook, LinkedIn, Google+) and the Signal Marine Insurance website. The firm appears to be founder-owned with no external institutional investment, no disclosed M&A activity, and operates as a single-office, Midwest-focused specialty agency with no documented geographic expansion.

Name

The David Agency Insurance

Legal name

The David Agency

Website

https://signalmarineinsurance.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

The David Agency Insurance is a privately held, independent insurance agency founded in 1975 and headquartered in Elmhurst, Illinois, specializing in marine insurance products for individual boat owners, luxury yacht owners, marine businesses, marine facilities, and yacht clubs through its Signal Marine Insurance brand.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

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

akta.pro secondary industry

Yacht & Pleasure Craft Insurance (FSAJAHAI)

Keywords

• Marine insurance
• Yacht insurance
• Boat insurance
• Marine business insurance
• Yacht club insurance

Headquarters

HQ city

Elmhurst

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, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Revenue generated from insurance policy premiums across marine insurance products including yacht clubs, marine businesses, luxury yachts, and racing sailboats. Policies are likely renewed annually, creating recurring revenue streams from policyholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The David Agency Insurance is an independent insurance agency specializing in marine insurance through its Signal Marine Insurance division. The company sells specialized insurance policies covering the full marine spectrum: yacht clubs and sailing organizations, marine businesses and facilities, luxury yachts and power boats, and racing and cruising sailboats. Coverage is delivered via direct sales, phone, and email consultations, with free quotes available.

Product overview

The David Agency Insurance is an insurance agency with a specialized marine insurance division called Signal Marine Insurance. The company offers a unified portfolio of marine insurance products including Sailboat Insurance, Power Boat/Luxury Yacht Insurance, Marine Business Insurance, and Yacht Clubs/Sailing Organizations coverage through The Signal Insurance Program. The agency differentiates itself through employees who closely relate to marine clients, with many staff members being boat owners who participate in racing and casual cruising. The core marine insurance offering covers the full spectrum of marine needs including yacht clubs, marine businesses, luxury yachts, marine facilities, and racing sailboats.

Differentiator

Problem solved

Functional benefit

Brands

• Signal Marine Insurance: Specialized marine insurance program division offering coverage for yacht clubs, sailing organizations, marine businesses, luxury yachts, and racing sailboats

Products and services

• Sailboat Insurance Insurance coverage specifically designed for sailboats, including racing sailboats and casual cruising vessels, for individual boat owners.
• Power Boat / Luxury Yacht Insurance Comprehensive insurance coverage for power boats and luxury yachts, providing protection for high-value marine vessels owned by individuals.
• Marine Business Insurance Business insurance solutions tailored for marine industry operators, covering marine businesses, facilities, and related commercial marine operations.
• The Signal Insurance Program Specialized insurance program designed specifically for yacht clubs and sailing organizations, providing group coverage for watercraft and facilities.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• Woodruff-Sawyer & Company: Woodruff-Sawyer is an independent insurance brokerage with a dedicated Marine practice serving yacht owners, marine businesses, and waterfront property clients on the West Coast. It is comparable to The David Agency in being an independent specialty marine broker rather than a captive agent or carrier, though its footprint is regional (West Coast) versus David Agency's Midwest focus.
• IMIS (International Marine Insurance Services): IMIS is a specialty marine insurance agency placing coverage for yachts, marine businesses, and waterfront operations. It parallels The David Agency's role as an independent marine brokerage intermediary between clients and marine carriers, with comparable product breadth across recreational and commercial marine lines.
• BoatUS (GEICO Marine Insurance): BoatUS is the largest direct-to-consumer boat and yacht insurance program in the United States, offering policies for sailboats, powerboats, and yachts across the country. It directly competes with The David Agency's sailboat, powerboat, and luxury yacht product lines, though it operates through a digital-first distribution model rather than agency relationships.

Emerging players

• Hagerty Marine Insurance: Hagerty has expanded from collector car insurance into collector boat and yacht insurance, targeting enthusiast owners with specialized agreed-value coverage. It overlaps with The David Agency's sailboat and luxury yacht segments, particularly for classic and racing vessels, and competes on specialist expertise in collector-grade marine craft.

Regional players

• New England Marine Insurance: New England Marine Insurance is a regional specialty agency/broker focused on yacht and boat coverage in the Northeast US. It is comparable to The David Agency in offering sailboat, powerboat, and yacht club programs, but operates in a different coastal geography and serves largely New England-based clients.

Broad incumbents

• Foremost Insurance Group: Foremost (a Travelers company) is a major specialty carrier with a dedicated marine insurance program for boats, yachts, and personal watercraft. It competes with The David Agency for recreational marine accounts and is frequently used as a carrier by independent agents in the niche.
• Markel Insurance: Markel is a specialty insurer with a substantial marine and yacht insurance division offering coverage for luxury yachts, performance boats, and marine businesses. As a carrier (and not a retail agency), Markel is both a competitor for direct marine business and a potential carrier partner for The David Agency's placement of specialty marine risks.
• Progressive Marine Insurance: Progressive underwrites boat and personal watercraft insurance nationally through direct and agent channels, covering many of the same sailboat and powerboat segments The David Agency serves. Its scale and brand recognition make it a benchmark competitor for the recreational marine book, though it lacks The David Agency's yacht club and marine business focus.
• Chubb Yacht Insurance: Chubb's Masterpiece Yacht policy insures luxury yachts and high-value pleasure craft through both direct and broker channels. It competes most directly with The David Agency's luxury yacht product line and serves an overlapping high-net-worth client base.

Others

• ACORD (Marine specialty brokers): ACORD is the standards body used across the insurance industry, including by specialty marine brokers and agencies. It is not a competitor but an ecosystem enabler; comparable independent marine agencies use ACORD forms and standards to place coverage with marine carriers, paralleling how The David Agency operates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xplus.google.com/+Thedavidagency/posts
• Facebookfacebook.com/DavidAgencyInc?fref=ts
• LinkedInlinkedin.com/company/the-david-agency

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 The David Agency Insurance