Account Wins

Posted on May 23, 2022

Aspera’s Account Wins

You’ve seen our appetite. We’ve shared our stories. You’ve read testimonials.
Now you can stay up to date each month on our recent wins.

June 2022

Aspera wrote 125% more in premium in June 2022 than in June 2021!

We quoted 74% of new business submissions this June, up from 65% in June of last year. 56.7% of commercial submissions were quoted within 48 hours.

Some of our notable account wins included:

  • Carpentry, electrical, and painting contractor: A Florida agent turned to Aspera for excess coverage over a client’s auto policy. We were able to provide a short-term quote to cover the rest of that policy’s term in less than a week.
    • Total Policy Premium: $6,500
    • Vehicles: 3
  • Senior living facility: When a California agent needed help with a client whose coverage had already lapsed, we delivered a quote and bound the account in less than a week at a premium near the target the agent had specified.
    • Total Policy Premium: $5,250
    • Beds: 6

May 2022

Aspera wrote 68% more in premium in May 2022 than in May 2021!

We quoted 84% of new business submissions this May. Over 60% of those submissions were quoted within 48 hours of receipt of the submission.

Some of our notable account wins included:

  • Roofing and sheet metal contractor: A Florida agent turned to Aspera with an account for a client who was unhappy with a quote from another market, which excluded a key area of the contractor’s business. Our team provided a comparable quote with a more flexible exclusion.
    • Total Policy Premium: $11,000
    • Expected Sales: $144,000
  • Assisted living facilities: We delivered a quote in less than 24 hours for an assisted living facility with multiple locations in California. After reviewing the quote, the client asked to add a 3rd location to the policy.
    • Total Policy Premium: $13,500
    • Beds: 18

April 2022

Aspera bound 44% more commercial accounts April compared to April 2021.

We delivered a quote to 83% of applications we received in April, up from 70% year-over-year and bound 48% more in premium compared to last April.

Some of our notable account wins included:

  • Sheet metal fabricator in California: Our Commercial Team identified additional Small Property and Excess Liability needs for an existing GL policy client. We bound the policies within four days of providing a quote.
    • Total Policy Premium: $14,750
    • BPP value: $300,000
  • Pool and patio contractor in Florida: An agent submitted an account expiring the next business day. We returned a quote to the agent the next day near the client’s target premium and bound the policy within 2 hours!
    • Total Policy Premium: $21,080
    • Expected Sales: $3,400,000
  • Police charity organization in Florida: A newly appointed agent was seeking General Liability coverage for a 17-acre property with barn used for charity events. We found both GL and Excess Liability solutions for the account.
    • Total Policy Premium: $7,050

October 2021

In the month of October, Aspera’s quote ratio was up to 73% compared to 61% in October 2020! Our written premium and average premium increased 89% and 28%, respectively

Aspera provided a quote for 73% of applications we received in October and responded with a quote within 2 days 54.2% of the time.

Some of our notable account wins from October included:

  • Home converted to Class A marijuana-related business (MRB) building in Michigan: An agent’s client converted a modular home into a growing facility for a Class A recreational MRB. Aspera found a quote through our market’s Small Property division.
    BPP valued at: $40,000
    Total Policy Premium: $2,100+ in premium
  • Firearm Manufacturer & Distributor. After communicating with the agent on certain exposures, Aspera received a bind order for coverage.
    Expected sales: $2,000,000
    Premium: $9,000+ in premium
  • Aircraft Interior Cleaning & Restoration service in California. Aspera was able to communicate terms that worked for the agent. After quoting the account, it was bound by the end of the week.
    Expected sales: $750,000
    Premium: $13,500+ in premium
  • Florida-based Security Guard Services that needed a General Casualty quote. The agent had been appointed with Aspera for several years, but recently learned that we quote other types of exposures other than contractors. The account was submitted and quoted the same day.
    Expected sales: $110,000
    Premium: $2,800 in premium

September 2021

In the month of September, Aspera received 48% more new business submissions than we received in September 2020! Our written premium and average premium increased 14% and 19%, respectively

Aspera provided a quote for 76% of applications we received in September and responded with a quote within 2 days 63% of the time.

Some of our notable account wins from August included:

  • Construction and Drilling Contractor based in Florida. The agent sent the account to Aspera on a tight timeline, when she didn’t receive a response from the existing policies broker. Aspera’s UW worked closely with the agent to revise the account details. The updated policy was bound the day before it was set to renew, including Construction General Liability, Excess, and Inland Marine coverage:
    Expected sales: $2,000,000
    Total Policy Premium: $28,000
  • Florida-based residential stucco, plastering, and drywall contractor. The account was submitted through other brokers; Aspera one the account due to our level of communications with the agent on the account. The account was bound with General Liability and Excess coverage.
    Expected sales: $1,750,000
    Premium: $19,000
  • Water, mold, and fire restoration contractor located in Florida. The submission was quoted the same day as submission for Environmental General Liability with Contractor’s Pollution Liability.
    Expected sales: $900,000
    Premium: $9,300
  • California-based residential care facility with 15 beds. The submission was submitted to the carrier by another broker and Aspera, however; Aspera was able to bind the account the next day because the released terms had already been sent back to our appointed agent before the other broker could respond with a quote.
    Premium: $10,000.

August 2021

In the month of August, Aspera received 30% more new business submissions than we received in August 2020!

Aspera provided a quote for 53% of applications we received in August and responded with a quote within 2 days 68% of the time.

Some of our notable account wins from August included:

  • Washington-based manufacturer of body armor, helmets, riot shields, and related bullet-proofing products with a clean loss history.
    Expected sales: $2,000,000
    Premium: $25,000.
  • Florida-based residential and commercial contractor with clean loss runs. The policy was bound within a week of submission.
    Expected sales: $2,000,000
    Premium: $13,000
  • Oregon-based residential concrete contractor that works on tracts up to 30, including foundation repair. The policy was bound within two weeks.
    Premium: $25,000.
  • Florida-based residential and commercial roofing contractor, with no prior coverage. The policy included an open roof exclusion.
    Expected sales: $175,000
    Premium: $8,000.

July 2021

In the month of July, Aspera received 16% more new business submissions than we received in July 2020!

Aspera provided a quote for 67% of applications we received in July and responded with a quote within 2 days 55% of the time.

Some of our notable account wins from July included:

  • California-based Commercial Electrical Contractor with prior losses. With expected gross sales of $600k, we provided a quote excluding prior work and water-related BI/PD for $8500+ taxes/fees. The account was bound two weeks after receiving our quote.
  • Oregon-based Residential Framing and Siding Contractor with expected sales of $1.2M. We provided a quote for $10k+ taxes/fees and bound the account within the week.
  • We received a request from an agent for an OCP quote for a new multi-family apartment complex with 3 buildings valued at ~$4.35M. We provided a quote and bound the account about a week later.

June 2021

In the month of June, Aspera received 57% more commercial applications than we received in June 2020!

Aspera provided a quote for 69% of applications we received in June and responded with a quote within 2 days 55% of the time.

Some of our notable account wins from June included:

  • Florida-based importer and wholesaler of dog and cat food and treats. It was originally submitted for just General Liability, but was also presented with an unsolicited Product Recall quote. Insured agreed to the terms/pricing of the Recall quote and the policy was bound.
    Expected sales of $5M
    Premium: $3,500
  • Colorado-based Insurance agency that was seeking Professional Liability insurance. Aspera was able to bind the policy quickly since the agency’s previous coverage had lapsed.
    Premium: $2,500

May 2021

In the month of May, Aspera received 25% more commercial applications than we received in May 2020! Our new business submissions and our NB premium were both up significantly.

Aspera provided a quote for 63% of applications we received in May and responded with a quote within 2 days 69.2% of the time.

Some of our notable account wins included:

  • Florida-based roofing contractor that had a single open claim. It was submitted to Construction, where it was quoted and bound.
    Expected sales of $800k
    Premium: $25,000
  • Chain of retail gun stores with multiple locations. We received a BOR, along with submission for the GL and property portions of the risk. Aspera bound both the GC and Small Property policies.
    Expected sales of $7.8m
    $11k Premium SP
    $60k Premium GC

April 2021

During the month of April, Aspera received 58% more commercial applications than we received in April 2020!

Aspera provided a quote for 70% of the applications we received in April and responded with a quote within 2 days 55% of the time.

Some of our notable account wins include:

  • Residential condo association in South Florida. The current carrier could not offer the full coverage for the exposures presented and cancelled the policy. Aspera was easily and quickly able to provide a quote and bind with a market comfortable with the risk.
    98 residential units and one common swimming pool
    $8,250 premium
  • General contractor specializing in new residential and COAs in South Florida.
    Expected sales of $1,600,000
    $12,500 premium
  • CBD Dispensary. This business is a new venture along the Texas Gulf Coast seeking both GL and Property coverage
    Expected sales of $700,000.
    $3,000 premium GL
    $1,000 premium Property

March 2021

During the month of March, Aspera received 54% more submissions than March 2020 and increased NWP by 77%!

We delivered agents a quote for 76% of the applications we received in March, and responded within 2 days 73% of the time.

Some of our notable account wins include:

  • Importer, marketer and distributor of specialty tobacco products. Company’s products consist of tobacco and accessories and not involved in e-cigarette, CBD, or THC products. Aspera’s broker went the extra mile to manage communications between carrier and agent.
    Sales of $100,000,000
    $120,000 premium
  • Ammunition manufacturer. Received a quote through Aspera in 2020, however insured learned it did was not required to obtain insurance at that time. Aspera revised and updated the previous GL terms and provided quote within 3 days and bound policy the following day.
    Sales of $5,000,000
    $32,000 premium
  • Mobile axe-throwing business. This Entertainment business is a new venture.
    Expected sales of $5,000,000
    $6,000 premium

February 2021

During the month of February, Aspera received 43% more submissions than previous February and increased NWP by 282%!

We delivered agents a quote for 65% of the applications we received in February, and responded within 2 days 70% of the time.

Some of our notable account wins include:

  • Skilled nursing home and assisted living facility in Florida. Agent contacted Aspera in November after the agent learned the current carrier would non-renew the account.
    Number of beds: 225+
    $350,000 premium
  • Roofing contractor in Florida with poor loss history. Aspera worked with agent to find the best deductible/premium combination to fit the insured.
    Sales of $750,000
    $14,000 premium
  • New residential roofing contractor seeking both General and Excess Liability coverage.
    Sales of $2,600,000
    $47,000 combined premium (General Liability and Excess Liability)

January 2021

During the month of January, Aspera received 45.4% more quotes than previous January and increased NWP by 87%.

We delivered agents a quote for 68% of the applications we received in January, and responded within 2 days hours 59% of the time.

Some of our notable account wins include:

  • Agent needed $5,000,000 Excess Liability policy for a manufacturer and distributor of electronic cigarettes, vaporizers, e-juice, and related accessories product. The current GL policy is with a different carrier.
    Sales of $75,000,000+
    $125,000 premium (5-month term)
  • Commercial stucco and masonry contractor in Texas. GL policy with $5,000 medical payment endorsement and $2,000,000 Excess limits.
    Gross sales of $3,400,000
    $55,000 total premiums
  • Single location restaurant seeking commercial property policy. Building coverage, building and personal property, and bodily injury.
    $2,800 premium
  • Armed and unarmed security services located in Florida. Markets unwilling to offer coverage due to company’s unique clientele.
    Projected sales of $320,000
    $13,500 premium (General Liability and Excess Liability)

December 2020

Throughout 2020, Aspera provided a quote to 92% of the applications we received, and responded with a quote within 2 days 74% of the time. Our annual DWP increased 20% over 2019.

During the month of December, Aspera received 33% more commercial applications than we received in December 2019 and increased NWP by 137%.

Aspera provided a quote for 80%of the applications we received in December, and responded with a quote within 2 days 47%of the time.

Some of our notable account wins include:

  • Drywall and plastering contractor located in Southwest with one large loss in its claims history
    Expected sales of $3,000,000
    $28,660 premium (GL and Excess)
  • Mobile health spa located in Southwest. This business is a new venture
    Expected sales of $15,000
    $3,500 premium
  • Excavation, pipe installation, and sidewalk contractor located in Midwest. Company looking for Excess over existing Aspera GL
    $7,500 premium

November 2020

During the month of November, Aspera received 8.5% more commercial applications than we received in November 2019.

Aspera provided a quote for 96% of the applications we received in November, and responded with a quote within 2 days 68% of the time.

Some of our notable account wins include:

  • Manufacturer of textiles and non-medical ecofriendly washable PPE masks. We had been working on this account since April; the policyholder was unsure of what products they wanted to cover and terms needed.
    Expected sales of $2,000,000
    $6,000 premium
  • Residential and commercial roofing contractor in Florida. No new residential construction nor COA exposure. We helped the agent win back a lost client
    Expected sales of $1,000,000 plus subcontracted work of $300,000
    $18,500 premium
  • Importer/distributor of PPE gowns. This business is a new venture
    Expected sales of $5,000,000.
    $12,000 premium

October 2020

During the month of October, Aspera received 14% more commercial applications than we received in October 2019.

Aspera provided a quote for 95% of the applications we received in October, and responded with a quote within 2 days 80% of the time.

Some of our notable account wins include:

  • Mobile Healthcare Service Company located in Florida
    Expected sales of $415,000
    $15,000 premium
  • Welding contractor for the Oil & Gas Industry
    Expected sales of $40,000; $17,000 payroll
    $1,500 premium
  • Residential roofing contractor in Florida. This business is a new venture.
    New residential; no COA work.
    $9,260 premium

September 2020

During the month of September, Aspera received 21% more commercial applications than we received in September 2019. Net written premium increased by 180% YoY.

Aspera provided a quote for 98% of the applications we received in September, and responded with a quote within 2 days 87% of the time.

Some of our notable account wins include:

  • Construction management firm with crane rental operations Florida. All work is new residential and self-performed, no subs.
    Expected sales of $430,000
    $14,190 premium
  • Residential carpentry, concrete, & dry wall contractor performing new residential work for single family homes.
    Expected sales of $2,580,000
    $34,607 premium
  • Online University
    $4,000 premium