SGP Advisors
SGP Advisors is a privately held specialty insurance brokerage headquartered in Tampa, Florida, founded in 1995, placing professional liability, medical malpractice, cyber, commercial, and employee benefits coverages for law firms, physician groups, accountants, architects/engineers, RIAs, and title agents in all 50 states.
- Company typePrivate
- Founded1995
- HeadquartersTampa, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SGP Advisors does
SGP Advisors (legal entity SGP Advisors, Inc., doing business as Shea Guercio Partners) is a privately held specialty insurance brokerage headquartered in Tampa, Florida, founded in 1995 by Vern Barclay and operating today with offices across Florida, Texas, Georgia, and Ohio. The firm distributes professional liability, commercial, and employee benefits coverages, with a particular focus on Lawyers Professional Liability (its founding line), Medical Malpractice, Cyber Liability, Employment Practices Liability, Directors & Officers, Fiduciary Liability, Representation & Warranty Insurance, and assorted professional and commercial lines for accountants, architects/engineers, registered investment advisors, and real estate/title agents. SGP serves clients in all 50 states and pairs specialty brokerage with risk management advisory, leveraging exclusive member-benefit relationships with the Hillsborough County Bar Association, the Hillsborough County Medical Association, and a TBPG endorsement of the Physicians Protector Plan (underwritten by Aspen Insurance). Its underlying technology stack is described as standard insurance brokerage tooling for policy management, claims tracking, and client servicing; an Io.insure partnership extends its RWI distribution to sub-$100 million M&A transactions.
SGP grew through a combination of organic line extension and targeted agency acquisitions, including the 2006 Cleveland Lawyers Professional Liability agency, the 2007 Sandy Garrick acquisition (entry into Accountants and Architects & Engineers liability), and the 2017 Nolan Insurance Agency and VanGorder Insurance Services deals that deepened its A&E and medical malpractice books. Leadership transitioned in 2012 when Mike Shea and Talyn Guercio acquired majority control, with Jack Compton and Harrison Tropp added as partners in 2021; the firm rebranded from Shea Barclay Group to SGP Advisors in 2023.
SGP earns revenue primarily through commissions and fees paid by insurance carriers for placing business, functioning as an independent insurance brokerage with a sales-led, relationship-driven GTM that combines direct advisor outreach, association member programs, conference participation, and webinar-based thought leadership. Customer mix is diversified across multiple professional service verticals rather than concentrated in a single industry, with law firms and physician groups acting as the anchor segments.
SGP Advisors firmographics
Firmographics- Name
- SGP Advisors
- Legal name
- SGP Advisors, Inc.
- Website
- https://sgpadv.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SGP Advisors is a privately held specialty insurance brokerage headquartered in Tampa, Florida, founded in 1995, placing professional liability, medical malpractice, cyber, commercial, and employee benefits coverages for law firms, physician groups, accountants, architects/engineers, RIAs, and title agents in all 50 states.
- Ownership category
- akta.pro rank
SGP Advisors industry classification
Industry- Product category
- Specialty Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), 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 industries
- Professional Liability (Errors & Omissions) (FSAJADAB), Professional Firms BOP (Office/Professional) (FSAJAFAE)
Keywords
Where SGP Advisors is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
SGP Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Insurance Brokerage Commissions: SGP Advisors generates revenue through commissions paid by insurance carriers for placing business. As an independent insurance brokerage, they earn commissions and fees for placing various insurance products including Professional Liability, Medical Malpractice, Cyber Liability, Workers' Compensation, Employee Benefits, and Representations and Warranties Insurance.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
SGP Advisors product offering
Product offeringCore offering
SGP Advisors is an independent specialty insurance brokerage that places professional liability, commercial, and employee benefits insurance for professional service firms. The firm earns commissions from carriers for placing coverage lines including Lawyers Professional Liability, Medical Malpractice, Cyber Liability, Directors & Officers, Employment Practices Liability, Fiduciary Liability, Representation and Warranty Insurance, and miscellaneous professional liability for accountants, architects/engineers, and registered investment advisors, alongside commercial lines (property, general liability, workers' comp, auto, umbrella) and group employee benefits.
Product overview
SGP Advisors is a specialty insurance brokerage offering a comprehensive portfolio of professional liability, commercial, and employee benefits insurance products. The firm's core competency is professional liability insurance, originally founded in 1995 providing Lawyers' Professional Liability, which has expanded to include coverage for accountants, architects/engineers, physicians, directors & officers, and miscellaneous professionals. The commercial insurance division offers property, casualty, workers' compensation, and employee benefits coverage. The firm serves clients across all 50 states with offices in Florida (Tampa, Clearwater, Lake Mary/Orlando area) and Texas. The product architecture follows a specialty insurance brokerage model where different insurance lines serve distinct professional service industries, with the Professional Liability suite being the flagship offering supplemented by commercial and employee benefit products.
Differentiator
Problem solved
Functional benefit
Products and services
- Accountants Professional Liability
Companies that use SGP Advisors
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles4 records
SGP Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SGP Advisors partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- Io.insurecoreSGP Advisors partnered with Io.insure to expand their Reps & Warranties Insurance (RWI) products for M&A transactions. This partnership delivers an innovative product for transactions under $100MM valuations, addressing a previously underserved market segment with a more automated approach and lower fee structure.
- Hillsborough County Medical Association (HCMA)coreSGP Advisors is proud to announce exclusive partnership with HCMA. The firm provides medical malpractice insurance solutions for association members with specialized healthcare practice expertise.
- Hillsborough County Bar AssociationcoreHCBA member benefit discount program for lawyers professional liability insurance. SGP Advisors provides exclusive member pricing and specialized coverage for bar association members.
- TBPG (Tampa Bay Physician Group)coreTBPG endorsement of SGP Advisors and Physicians Protector Plan underwritten by Aspen Insurance. SGP Advisors was selected after rigorous vetting following termination of Florida Doctors/NorCal agreements.
- Physicians Protector Plan (Aspen Insurance)majorUnderwriting partner providing Physicians Protector Plan medical malpractice coverage. SGP Advisors offers competitive premiums, separate limits for entity and allied healthcare providers, and various payment options including interest-free payment plans.
- DART TechminorCollaborative webinar on cyber insurance renewal strategies. Mike Shea selected as industry expert panelist discussing challenges businesses face placing or renewing cyber insurance.
- Nolan Insurance AgencycoreAcquired in 2017 to expand existing Architects and Engineers Professional Liability footprint.
- VanGorder Insurance ServicescoreAcquired in 2017 to continue expansion in Medical Malpractice and Physician space.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
SGP Advisors competitors and assessment
Company assessmentDirect peers
- Risk Strategies Company: Risk Strategies is a national specialty insurance brokerage focused on professional liability, healthcare, legal, and other professional services risks — directly comparable to SGP Advisors in target verticals, niche specialization, and consulting-led distribution model, though at much larger scale.
- Burns & Wilcox: Burns & Wilcox is a specialty insurance wholesaler and brokerage placing professional, cyber, and specialty lines through retail brokers — directly comparable focus on professional and specialty liability coverage, with deep carrier relationships in the same lines SGP Advisors distributes (cyber, EPL, professional liability).
- RPS (Risk Placement Services): RPS is a national specialty insurance brokerage and wholesale distributor with significant professional liability and healthcare practices — comparable in specialization strategy, broker-carrier model, and target customer base to SGP Advisors, though operating nationally at greater scale.
- Amwins Group: Amwins is the largest U.S. specialty insurance wholesaler and brokerage with substantial professional liability, healthcare, and cyber practices — a comparable specialty-lines distribution model and target niches, operating at materially larger scale than SGP Advisors.
- CRC Insurance Group: CRC Group is a wholesale specialty insurance distributor with strong professional liability, cyber, and executive lines practices — directly comparable wholesale/specialty distribution model placing professional and management liability coverage through retail and direct relationships.
- Heffernan Insurance Brokers: Heffernan is an independent specialty brokerage with deep professional liability and property/casualty offerings for law firms, accounting firms, healthcare practices, and architects/engineers — overlapping core segments and product mix with SGP Advisors, distributed through advisor-led sales across the U.S.
Broad incumbents
- USI Insurance Services: USI is a major U.S. insurance brokerage with dedicated professional liability, cyber, and employee benefits practices serving law firms, accounting practices, and healthcare groups — competing for the same professional services clients as SGP Advisors, but as a broad-line incumbent.
- Brown & Brown Insurance: Brown & Brown is a top-10 U.S. insurance brokerage with deep professional and specialty liability practices serving law firms, healthcare, and financial professionals — an incumbent whose specialty segments directly overlap SGP Advisors' core verticals, but operates as a diversified generalist broker.
- MMA (Marsh McLennan Agency): Marsh McLennan Agency is the middle-market arm of Marsh & McLennan with significant professional liability and healthcare practices serving law firms, accounting firms, and physician groups — an incumbent whose specialty segments overlap SGP Advisors' verticals, but with substantially greater resources and carrier access.
- NFP (an Aon company): NFP is a national middle-market insurance broker and consulting firm with significant professional liability, healthcare, and benefits practices — comparable target verticals and product mix to SGP Advisors, but as a diversified platform with vastly more resources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SGP Advisors social profiles
Digital presenceSGP Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
SGP Advisors leadership team
Management profileNumber of profiles
Profiles6 records
SGP Advisors subsidiaries and ownership
Company hierarchySubsidiaries4 records
SGP Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SGP Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SGP Advisors
What does SGP Advisors do?
SGP Advisors is an independent specialty insurance brokerage that places professional liability, commercial, and employee benefits insurance for professional service firms. The firm earns commissions from carriers for placing coverage lines including Lawyers Professional Liability, Medical Malpractice, Cyber Liability, Directors & Officers, Employment Practices Liability, Fiduciary Liability, Representation and Warranty Insurance, and miscellaneous professional liability for accountants, architects/engineers, and registered investment advisors, alongside commercial lines (property, general liability, workers' comp, auto, umbrella) and group employee benefits.
Is SGP Advisors a public or private company?
SGP Advisors is a private company. It is classified as management employee owned and is currently operating.
When was SGP Advisors founded?
SGP Advisors was founded in 1995. It employs 11 to 50 people.
Where is SGP Advisors based?
SGP Advisors is headquartered in Tampa, United States, in the North America region.
How does SGP Advisors make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are SGP Advisors's main competitors?
Direct peers on record are Risk Strategies Company, Burns & Wilcox, RPS (Risk Placement Services), Amwins Group, CRC Insurance Group and Heffernan Insurance Brokers. Broad incumbents are USI Insurance Services, Brown & Brown Insurance, MMA (Marsh McLennan Agency) and NFP (an Aon company).
Does SGP Advisors have an API?
No public API is recorded for SGP Advisors.
What industry is SGP Advisors in?
SGP Advisors's product category is Specialty Insurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAJADAB, Professional Liability (Errors & Omissions). Its NAICS code is 52421 and its SIC code is 6411.