Acec Business Insurance Trust
ACEC Business Insurance Trust is an insurance trust program serving ACEC member engineering firms with professional liability, cyber risk, and business insurance, administered by Greyling Insurance Brokerage in partnership with The Hartford, Markel, and Coalition.
- Company typePrivate
- Founded1983
- HeadquartersAlpharetta, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Acec Business Insurance Trust does
ACEC Business Insurance Trust (ACEC BIT) is an insurance trust program established in 1983 to provide professional liability, cyber risk, and business insurance exclusively to member firms of the American Council of Engineering Companies (ACEC). The program is administered by Greyling Insurance Brokerage, a division of EPIC (Edgewood Partners Insurance Center), which provides specialty risk management, claims advocacy, contract review, and benchmark data analytics tailored to design professionals. The Hartford serves as the primary insurance carrier for professional liability and business package policies, while Markel Insurance Company underwrites the small-firm professional liability product and Coalition provides cyber risk insurance and monitoring services.
The technology layer consists of an insurance exchange platform with pre-negotiated policy terms and a Draftrs-powered online portal that enables engineering firms with under $1M in annual fees to obtain instant quotes, bind coverage, and pay premiums via credit card. Member-facing benefits include deductible assistance (up to $1,000 per claim, $10,000 annual maximum), risk management training, legal contract review by industry attorneys, and educational webinars, with annual billing on a recurring subscription-style premium model. The go-to-market is sales-led through the ACEC national and state member organization network, with the program positioned as an exclusive member benefit rather than a broadly marketed commercial offering.
Revenue mechanics operate on commissions and fees from placed insurance premiums across the carrier stack. Customer segments split between enterprise engineering firms served through Greyling's broker-led motion and small engineering firms served through the Draftrs self-serve channel, with vertical specialization (engineering/A&E) as the defining segmentation dimension. The organization operates as a private trust with no disclosed funding rounds, parent company, or public ownership indicators; headquarters are in Alpharetta, Georgia, and operations are limited to the United States.
Acec Business Insurance Trust firmographics
Firmographics- Name
- Acec Business Insurance Trust
- Legal name
- ACEC Business Insurance Trust
- Website
- https://acecbit.org
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ACEC Business Insurance Trust is an insurance trust program serving ACEC member engineering firms with professional liability, cyber risk, and business insurance, administered by Greyling Insurance Brokerage in partnership with The Hartford, Markel, and Coalition.
- Ownership category
- akta.pro rank
Acec Business Insurance Trust industry classification
Industry- Product category
- Specialty Insurance Brokerage for Engineering Firms
- NAICS
- Insurance Agencies and Brokerages (52421), 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 (E&O) (FSAJAGAC), Technology Errors & Omissions (Tech E&O) / Professional Liability (FSAJAOAC), Environmental / Pollution Liability (FSAJAGAF)
Keywords
Where Acec Business Insurance Trust is headquartered
LocationHeadquarters
- HQ city
- Alpharetta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Acec Business Insurance Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Premiums: The ACEC Business Insurance Trust generates revenue through insurance premiums placed with carrier partners including The Hartford and Markel Insurance Company. The program serves as an intermediary between engineering firms and insurers, earning commissions or fees on placed premiums.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom business insurance quotes based on firm profile and coverage needs |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Acec Business Insurance Trust product offering
Product offeringCore offering
ACEC Business Insurance Trust is an exclusive insurance program for ACEC member engineering firms that delivers professional liability, cyber risk, and business (property and casualty) insurance through the program's broker, Greyling Insurance Brokerage, with The Hartford as the primary carrier. The trust supplements policies with risk management training, contract review by industry attorneys, claims advocacy, deductible reimbursement assistance, and member benefits such as convention reimbursement and educational webinars. Small engineering firms (under $1M in fees) can additionally obtain instant professional liability quotes and bind coverage online through the Draftrs platform, underwritten by Markel Insurance Company.
Product overview
ACEC Business Insurance Trust offers a portfolio of insurance solutions designed specifically for engineering firms, delivered through strategic partnerships. The core offerings include a Professional Liability Insurance Exchange featuring pre-negotiated terms with leading carriers through The Hartford, a Cyber Risk Insurance Solution partnered with Coalition for proactive digital threat protection, Business Insurance covering property and casualty needs, and a Small Firm Professional Liability Insurance program through Draftrs for firms under $1M in fees. Greyling serves as the program's broker and program administrator, providing risk management expertise alongside these insurance products.
Differentiator
Problem solved
Functional benefit
Brands
- Greyling: A specialty insurance brokerage and risk consulting firm dedicated to serving architects, engineers, contractors, environmental service firms and law firms; a division of EPIC and the broker/program administrator for ACEC BIT
- Coalition
Products and services
- Professional Liability Insurance Exchange Pre-negotiated, best-in-class professional liability insurance with policy terms, conditions, and enhancements from leading carriers, featuring competitive pricing through the program's relationship with The Hartford. Targeted at ACEC member engineering firms.
- Cyber Risk Insurance Solution Cyber risk insurance offered in partnership with Coalition, providing proactive defense against hacks and viruses, free risk assessments, 24/7 security monitoring, alerts of cyber incidents, and access to security experts. Targeted at ACEC member engineering firms evolving to virtual workflows.
- Business Insurance Specialized business insurance coverages including property and casualty insurance offered through The Hartford in partnership with Greyling, with access to additional insurers for firms outside the standard Hartford program. Targeted at ACEC member engineering firms.
- Small Firm Professional Liability Insurance Instant-bind professional liability coverage for small engineering and design firms with less than $1M in annual fees, administered through partnership with Draftrs, underwritten by Markel Insurance Company with 6-month and 12-month policy options. Excludes geotechnical and structural engineers.
Companies that use Acec Business Insurance Trust
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles3 records
Acec Business Insurance Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Acec Business Insurance Trust partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Greyling Insurance BrokeragecoreGreyling, a division of EPIC, is the broker and program administrator for the ACEC Business Insurance Trust. As a specialty insurance brokerage and risk consulting firm dedicated to serving architects, engineers, contractors, environmental service firms and law firms, Greyling provides benchmark data analysis, timely advice, and leadership from former design firm professionals. The partnership has been in place since the program's inception in 1983.
- The HartfordcoreThe Hartford is the primary insurance carrier partner for the ACEC BIT program, providing competitive and exclusive insurance rates for ACEC member firms through the BIT program. The partnership offers pre-negotiated, best-in-class policy terms, conditions, and enhancements for professional liability and business insurance coverage.
- CoalitioncoreCoalition is a cyber risk management firm partnered with ACEC BIT and Greyling to offer cyber insurance solutions providing proactive defense against hacks and viruses. The partnership includes free cyber risk assessments, 24/7 security monitoring, alerts of cyber incidents, and access to security experts.
- DraftrscoreDraftrs is a technology-enabled professional liability program administrator that enables small engineering firms with less than $1M in fees to get instant quotes and bind coverage online. The platform offers transparent and competitive coverage with terms and pricing developed for small firms, with credit card payment capability and direct policy access.
- Markel Insurance CompanycoreMarkel Insurance Company is the specialist insurer underwriting small firm professional liability coverage through the ACEC BIT Draftrs platform. Markel has over 40 years of experience insuring professional service firms and is rated 'A' (Excellent) by AM Best. All policies are admitted and underwritten by Markel.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Acec Business Insurance Trust competitors and assessment
Company assessmentDirect peers
- Ames & Gough: Specialty insurance brokerage and risk management firm dedicated to architects, engineers, and contractors; comparable specialty brokerage model serving the same A&E customer base.
- Victor O. Schinnerer & Company: One of the largest managing general agents underwriting professional liability for design professionals (A&E); historically a primary distribution competitor for engineering firm PLI.
- Lockton (A&E Practice): Large specialty insurance brokerage with a dedicated architects & engineers practice; competes with Greyling for mid-to-large engineering firm accounts and offers analogous claims advocacy.
- Beazley (A&E Professional Liability): Specialty insurer underwriting architects and engineers professional liability on an admitted and surplus-lines basis; competes with ACEC BIT's Hartford/Markel carriers for design firm PLI.
- EPIC Insurance Brokers & Consultants: Parent organization of Greyling (the ACEC BIT program administrator); offers the same specialty A&E brokerage capabilities at broader scale through other programs.
- Design Professionals Insurance Company (DPIC): Specialty insurer/broker focused exclusively on professional liability for architects, engineers, and design professionals; competes head-to-head with ACEC BIT for engineering firm PLI placements.
- Hiscox (Architecture & Engineering): Specialty insurer and broker serving architecture and engineering firms with professional liability and small business coverages; directly competes for small/mid engineering firm PLI.
Broad incumbents
- AXA XL (Design Professionals): Large global insurer with architects & engineers professional liability capability; competes for mid-to-large engineering firm placements via national broker channels.
- CNA Financial (Design Professionals): Large multi-line carrier with a long-standing architects & engineers professional liability practice; competes broadly for engineering firm accounts through agency/broker distribution.
- Travelers (A&E Professional Liability): Major US P&C carrier offering professional liability for design professionals as part of a broader commercial insurance portfolio; competes with ACEC BIT carriers for engineering firm accounts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Acec Business Insurance Trust social profiles
Digital presenceAcec Business Insurance Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acec Business Insurance Trust leadership team
Management profileNumber of profiles
Acec Business Insurance Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acec Business Insurance Trust 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 Acec Business Insurance Trust
What does Acec Business Insurance Trust do?
ACEC Business Insurance Trust is an exclusive insurance program for ACEC member engineering firms that delivers professional liability, cyber risk, and business (property and casualty) insurance through the program's broker, Greyling Insurance Brokerage, with The Hartford as the primary carrier. The trust supplements policies with risk management training, contract review by industry attorneys, claims advocacy, deductible reimbursement assistance, and member benefits such as convention reimbursement and educational webinars. Small engineering firms (under $1M in fees) can additionally obtain instant professional liability quotes and bind coverage online through the Draftrs platform, underwritten by Markel Insurance Company.
Is Acec Business Insurance Trust a public or private company?
Acec Business Insurance Trust is a private company. It is classified as unknown and is currently operating.
When was Acec Business Insurance Trust founded?
Acec Business Insurance Trust was founded in 1983. It employs 11 to 50 people.
Where is Acec Business Insurance Trust based?
Acec Business Insurance Trust is headquartered in Alpharetta, United States, in the North America region.
How does Acec Business Insurance Trust make money?
One revenue line is on record: insurance Premiums.
Who are Acec Business Insurance Trust's main competitors?
Direct peers on record are Ames & Gough, Victor O. Schinnerer & Company, Lockton (A&E Practice), Beazley (A&E Professional Liability), EPIC Insurance Brokers & Consultants, Design Professionals Insurance Company (DPIC) and Hiscox (Architecture & Engineering). Broad incumbents are AXA XL (Design Professionals), CNA Financial (Design Professionals) and Travelers (A&E Professional Liability).
Does Acec Business Insurance Trust have an API?
No public API is recorded for Acec Business Insurance Trust.
What industry is Acec Business Insurance Trust in?
Acec Business Insurance Trust's product category is Specialty Insurance Brokerage for Engineering Firms. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAJAGAC, Professional Liability (E&O). Its NAICS code is 52421 and its SIC code is 6411.