Associated Agencies, Inc. is a leading insurance brokerage and risk management advisory firm headquartered in Rolling Meadows, Illinois, United States. With a rich legacy spanning over five decades, the company has built a strong reputation for delivering comprehensive insurance and employee benefit solutions tailored to the diverse needs of businesses and individuals across various sectors.
Core Business and Specialization
Associated Agencies, Inc. specializes in three key segments:
- Business Insurance
- Employee Benefits
- Personal Insurance
Their approach combines extensive industry knowledge with client-specific strategies, offering robust protection plans that ensure both compliance and risk mitigation.
The firm’s core USP lies in its consultative approach and customized coverage design, backed by strong carrier relationships and a proactive risk management framework. This allows clients to experience reduced claim costs, higher employee satisfaction, and minimized liability exposure.
Product & Service Offerings
1. Business Insurance
- Property Insurance
- Casualty Insurance
- General Liability
- Workers’ Compensation
- Professional & Cyber Liability
- Business Auto Insurance
- Directors and Officers (D&O) Insurance
2. Employee Benefits
- Group Health Insurance
- Vision and Dental Plans
- Flexible Spending Accounts (FSA)
- COBRA Administration
- Wellness Programs
- HR Compliance and Consulting
3. Personal Insurance
- Homeowners Insurance
- Automobile Insurance
- Umbrella Coverage
- Life Insurance
- Flood Insurance
- Recreational Vehicle Insurance
Financial Strength and Growth
While Associated Agencies is a privately held firm and does not disclose full financials, industry benchmarking platforms and market insights suggest the company manages insurance portfolios exceeding $200 million in annual premium volume. It is one of the top-tier agencies in the Midwest, known for steady year-over-year growth and exceptional client retention.
International Shipments and Clientele
Although the firm’s services are primarily U.S.-focused, its corporate clients often include multinational firms requiring cross-border coverage. The company partners with global networks to facilitate international risk programs, especially for industries like logistics, manufacturing, and healthcare.
Trade data platforms indicate Associated Agencies has supported insurance facilitation for exported goods across sectors such as industrial equipment, pharmaceuticals, and consumer products.
Target Market
Associated Agencies serves a wide range of clientele including:
- Mid to large-sized enterprises
- Non-profits and educational institutions
- High-net-worth individuals
- Public sector organizations
Their industry specialization includes:
- Healthcare
- Manufacturing
- Education
- Construction
- Technology
- Professional Services
Capabilities and Infrastructure
- Dedicated Risk Management Department
- In-house Claims Advocacy Team
- HR Consulting & Compliance Unit
- 24/7 Client Support and Online Portal Access
- Deep partnerships with over 100 national and regional carriers
Their tech-driven infrastructure enables policyholders to monitor claims, access ID cards, and manage certificates through a robust online client portal.
Certifications and Compliance
Associated Agencies is licensed to operate in all 50 states in the U.S. and adheres strictly to all regulatory standards including:
- HIPAA Compliance for healthcare-related benefits
- ACA Regulatory Guidance
- ERISA Compliance in Employee Benefits Administration
The firm is a certified partner of several national insurance networks such as:
- Keystone Insurers Group
- The Council of Insurance Agents & Brokers (CIAB)
Testimonials
“The team at Associated Agencies took the time to understand our business inside out. Their advice on risk strategy helped us significantly reduce claims over the last three years.”
— Director of Operations, Midwest Manufacturing Group
“Incredible service and knowledgeable advisors. Their employee benefits team has become an extension of our HR department.”
— VP of Human Resources, Chicago Tech Firm
Achievements
- Recognized in Top 100 U.S. Insurance Agencies by Insurance Journal
- Named a Best Practices Agency by IIABA
- Strategic acquisition of The Bensman Group expanding capabilities in wealth advisory and private client services
- Maintained a 95% client retention rate over the past 5 years
Associated Agencies, Inc. continues to demonstrate its commitment to client success through innovation, industry expertise, and a personalized service model that addresses today’s most complex insurance challenges.