wellsburginsuranceagency.com

What wellsburginsuranceagency.com does

Wellsburg Insurance Agency & PSB Realty is a privately-held independent insurance agency headquartered in Wellsburg, Iowa, with a second branch in Dike, Iowa. It operates exclusively in Iowa under Iowa state licensing, serving Grundy County and surrounding communities including Eldora, Grundy Center, and Iowa Falls. The agency offers a broad catalog of more than 40 personal and commercial insurance product lines — including auto, homeowners, life, health, Medicare supplements, crop, farm and ranch, agribusiness, commercial auto, workers compensation, BOP, cyber liability, D&O, E&O, and specialty coverage for trades such as trucking, hotels, restaurants, churches, jewelers, and outdoor recreation. Underwriting capacity is sourced from a diversified panel of national carriers (Nationwide, Progressive, Travelers, Acuity, EMC, NorthStar, Grinnell), Iowa-based mutual associations (Grundy Mutual, Iowa River Mutual, First Maxfield Mutual), health carriers (Wellmark, Medica), and crop specialists (Farmers Mutual Hail, NAU Country). The firm is a member of the Trusted Choice independent agency network.

Revenue is generated through carrier commissions on placed personal and commercial policies (priced individually via quote and typically billed monthly for personal and annually for commercial), supplemented by real estate brokerage fees from the PSB Realty division. Customer acquisition relies on phone-based inside sales, in-person consultations at the two offices, 40+ online quote-request forms hosted on secureformsolutions.com, Google Maps local search, word-of-mouth referrals, and the Trusted Choice brand affiliation. There is no proprietary technology platform, no mobile application, no AI/ML capabilities, and no disclosed headcount or revenue figures. Operational tooling consists of standard agency management and quoting platforms provided through AlicorSolutions.com, the agency's website host.

Name

wellsburginsuranceagency.com

Legal name

Wellsburg Insurance Agency & PSB Realty

Website

https://wellsburginsuranceagency.com

Company type

Private

Operating status

Operating

Short description

Wellsburg Insurance Agency & PSB Realty is a privately-held independent insurance agency in Wellsburg and Dike, Iowa, offering 40+ personal, commercial, and agricultural insurance lines through a diversified carrier panel, plus a PSB Realty real estate division.

Ownership category

akta.pro rank

Headquarters

HQ city

Wellsburg

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, Technology or R&D, Infrastructure

Revenue model

1. Personal Lines Insurance: Commission revenue generated from selling personal insurance products including auto, homeowners, life, umbrella, motorcycle, boat, ATV, renters, condo, flood, RV, SR-22, disability, long-term care, Medicare supplements, individual health, dental, vision, annuities, and jewelry floaters.
2. Commercial Lines Insurance: Commission revenue from commercial insurance products including agribusiness, farm & ranch, crop, commercial auto, commercial property, commercial umbrella, contractors, builders risk, business owners policy (BOP), general liability, workers compensation, bonds, church, hotel/motel, restaurant, retail stores, auto body shops, trucking, limo, jewelers, outdoor recreation, self-storage, special event, nonprofit, directors & officers, errors & omissions, professional liability, group health/dental/life/vision, cyber liability, inland marine, and apartment building owners insurance.
3. Real Estate Services: PSB Realty division provides real estate services alongside insurance offerings.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wellsburg Insurance Agency & PSB Realty is an independent insurance agency that brokers personal and commercial insurance products on behalf of multiple national, regional, and Iowa-based mutual insurance carriers. It sells personal lines (auto, homeowners, life, health, dental, vision, disability, Medicare supplements, annuities, long-term care, motorcycle, ATV, boat, RV, flood, renters, condo, mobile home, umbrella, SR-22, jewelry) and commercial lines (farm & ranch, crop, agribusiness, commercial auto, commercial property, BOP, general liability, workers compensation, contractors, cyber liability, D&O, E&O, professional liability, trucking, hotel/motel, restaurant, retail, self storage, auto body shop, apartment buildings, jewelers, limo, church, non-profit, special event, outdoor recreation, woodworkers, bonds, inland marine, commercial umbrella). Its PSB Realty division provides real estate services.

Product overview

Wellsburg Insurance Agency & PSB Realty is an independent insurance agency offering a broad portfolio of insurance products and services through two main lines: Personal Insurance and Business/Commercial Insurance. The agency represents multiple insurance carriers to provide competitive pricing and choice. Personal products include auto, homeowners, life, health, dental, vision, long-term care, annuities, disability, Medicare supplements, motorcycle, ATV, boat, flood, condo, renters, personal umbrella, SR-22, mobile home, jewelry floaters, and motor home/RV insurance. Business products include agribusiness, farm and ranch, crop, commercial auto, commercial property, general liability, contractors, business owners policy (BOP), commercial umbrella, workers compensation, bonds, church, hotel/motel, restaurant, retail, self storage, special event, trucking, outdoor recreation, woodworkers, auto body shop, apartment building owners, jewelers, limo, non-profit, professional liability, E&O, D&O, cyber liability, group health, group dental, group vision, group life, and inland marine insurance. The agency also offers real estate services through its PSB Realty division. Quote request forms are available online through secureformsolutions.com for all product lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core and minor.

• Truckers Insurance AssociatescoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing commercial trucking insurance products offered through Wellsburg Insurance Agency to trucking and transportation clients.
• WellmarkcoreChannel Partner/ Reseller/ DistributorMajor health insurance carrier partner providing group and individual health insurance coverage options in Iowa.
• NAU CountrycoreChannel Partner/ Reseller/ DistributorCrop insurance carrier specializing in Multi-Peril Crop Insurance (MPCI), crop-hail, and specialized crop coverage for Iowa farmers. One of two crop insurance carriers specifically mentioned as represented by the agency.
• Brokers Clearing HouseminorChannel Partner/ Reseller/ DistributorInsurance marketing organization/carrier providing various insurance products through independent agents.
• First Maxfield Mutual Insurance AssociationcoreChannel Partner/ Reseller/ DistributorIowa-based mutual insurance association providing various insurance products, with payment and claims portal referenced on the agency's website.
• Iowa River Mutual Insurance AssociationcoreChannel Partner/ Reseller/ DistributorIowa-based mutual insurance association providing property and casualty coverage, with payment and claims portal referenced on the agency's website.
• Grundy Mutual Insurance AssociationcoreChannel Partner/ Reseller/ DistributorLocal Iowa mutual insurance association serving Grundy County area, with payment portal referenced on the agency's website.
• AcuityminorChannel Partner/ Reseller/ DistributorProperty and casualty insurance carrier providing commercial and personal lines coverage options.
• Farmers Mutual HailcoreChannel Partner/ Reseller/ DistributorSpecialized crop insurance carrier providing hail insurance and Multi-Peril Crop Insurance for Iowa farmers. One of two crop insurance carriers specifically represented by the agency.
• MedicaminorChannel Partner/ Reseller/ DistributorHealth insurance carrier providing group and individual health coverage options in Iowa.
• NationwideminorChannel Partner/ Reseller/ DistributorNational insurance carrier providing personal and commercial insurance products across multiple lines.
• NorthStarminorChannel Partner/ Reseller/ DistributorInsurance carrier providing personal and commercial coverage options.
• TravelersminorChannel Partner/ Reseller/ DistributorLarge national property and casualty insurance carrier providing commercial and personal lines.
• EMCminorChannel Partner/ Reseller/ DistributorRegional insurance carrier providing property and casualty coverage options.
• GrinnellminorChannel Partner/ Reseller/ DistributorRegional mutual insurance carrier providing property and casualty coverage.
• ProgressiveminorChannel Partner/ Reseller/ DistributorNational auto and personal lines insurance carrier providing coverage options.
• Trusted ChoicecoreGTM or Marketing PartnerTrusted Choice is a network of independent insurance agencies providing brand recognition, marketing resources, and best practices. Wellsburg Insurance Agency is a member of the Trusted Choice network and adheres to the Pledge of Performance commitment to clients.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• EMC Insurance: EMC Insurance Companies is a Des Moines-based regional P&C insurer distributing through independent agents in the Midwest, with commercial and personal lines. Comparable to Wellsburg as both a partner carrier and a similar Iowa-rooted independent-agency distribution model.
• Grinnell Mutual: Grinnell Mutual is an Iowa-based mutual insurance carrier distributing primarily through independent agents in the Midwest. Comparable to Wellsburg as both a Grinnell Mutual partner and as a similar Midwest independent-agency distribution model.
• Shelter Insurance: Shelter Insurance is a regional mutual insurance company selling personal and commercial lines through a captive agent network across the central U.S., including Iowa. Comparable as a regional multi-line agency model with rural and small-town market focus.
• Erie Insurance: Erie Insurance is a regional insurance group selling personal and commercial lines through exclusive and independent agents in the Midwest, Mid-Atlantic, and Southeast. Comparable as a regional multi-line independent-agent carrier with similar product breadth.
• Acuity Insurance: Acuity is a Midwest-based mutual P&C insurer distributing through independent agents across the central U.S., including Iowa, with strong commercial and personal lines. Comparable to Wellsburg as a partner carrier and a similar Midwest independent-agency model.
• Auto-Owners Insurance: Auto-Owners Insurance is a mutual insurer distributing exclusively through independent agents across the Midwest and Southeast, offering personal, commercial, and life coverage. Comparable to Wellsburg as an independent-agent distribution model with multi-line personal and commercial products.
• Westfield Insurance: Westfield Insurance is an Ohio-based mutual insurer distributing through independent agents in the Midwest and Eastern U.S., focused on commercial and personal lines. Comparable to Wellsburg as a regional independent-agent carrier model with multi-line product breadth.
• Farm Bureau Financial Services: Farm Bureau Financial Services is an insurance and financial services provider affiliated with Farm Bureau organizations across the Midwest, with deep rural and agricultural agent networks. Directly comparable to Wellsburg's farm-and-ranch, crop, and rural consumer focus in Iowa.
• Cincinnati Financial: Cincinnati Financial (The Cincinnati Insurance Companies) is a commercial-focused property/casualty insurer selling exclusively through independent agents, with strong small-business and specialty lines. Comparable to Wellsburg's independent-agency distribution model and commercial-lines breadth.
• Country Financial: Country Financial is a Midwest-focused insurance and financial services group (Country Financial / COUNTRY Financial) operating through captive and independent agents across Illinois, Iowa, and surrounding states. Comparable to Wellsburg as a regional multi-line insurance distributor with strong agricultural and small-business offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 →

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