ARVADA, CO, 9/1/2021 – We are pleased to confirm that Lakeside has retained its Best Practices Agency status for 2021.
In 2019, Lakeside Insurance was selected as a Best Practices agency. We qualified by ranking among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting.
The purpose of the Best Practices Study is to compile the operating statistics of the country’s leading agents and brokers. To achieve this objective, the agencies included in the annual Study must first be nominated for participation by an insurance carrier or an IIABA state affiliated association. The agency must then submit detailed financial and operational information which is analyzed, scored, and ranked objectively for inclusion in the study, based on operational excellence, including growth, profitability, productivity and financial stability.
To retain the Best Practices agency status, we must submit our year-end results for review each year. Every third year, when new agency nominations are accepted, we must re-qualify as one of the top performers in our revenue category. We are pleased to have retained our Best Practices agency status since 2015. A new Study cycle starts in 2022 and we will be competing against new agency participants.
Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each of the six revenue size categories studied. In 2019, which marked the start of a new three-year cycle, more than 1,000 agencies were nominated and 267 qualified for the study group. Our inclusion with these outstanding agents and brokers clearly recognizes us as an industry leader.
The 2021 Best Practices Study sponsors include: Amerisure, Applied, Allstate/Encompass/NatGen Premier/National General Insurance, Central Insurance, Chubb, EMC Insurance, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual/Safeco Insurance, Foremost, Nationwide, Progressive, Travelers, Vertafore and Westfield.
Founded in 1962, and later purchased by Michael McCarron in 1999, Lakeside Insurance is a full service, Trusted Choice, Independent Insurance Agency offering a full range of insurance products. Lakeside insurance products include general and professional liability, workers’ compensation, auto, bonding and personal insurance coverage like home,auto, and umbrella. Lakeside Insurance currently places personal and business insurance in 35 states and represents many of the largest and most respected insurance companies across the country.
For further information, please contact Gillian McCarron of Lakeside Insurance at 303-421-8590.
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.
Lakeside Insurance has once again been named a "Best Practices" agency among an elite group of insurance agencies around the US
Lakeside Insurance is included in the IIABA 2020 Best Practices