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FOR IMMEDIATE RELEASE

HIGGINS INSURANCE NAMED A 2024 BEST PRACTICES AGENCY

Hopkinsville, KY, July 25, 2024 – Higgins Insurance retains its Best Practices status for 2024, joining an elite group of independent insurance agencies from across the United States.

The Best Practices agency designation is awarded to participants in the Best Practices Study, which analyzes and documents the business practices of the highest-performing insurance agencies in the industry.

Over 2,600 independent agencies throughout the U.S. were nominated for the selection process. For the 2024 Study year, only 235 independent agencies throughout the U.S. qualified for and retained their status as Best Practices agencies.

Since 1993, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies in six revenue categories.

Best Practices agencies are selected every three years through a rigorous nomination and qualifying process. Each agency must be among the 35-45 top-performing agencies in its revenue category to be awarded Best Practices status.

Best Practices agencies retain their status annually during the three-year cycle by submitting extensive financial and operational data for review. 2024 is the third year of the current three-year study cycle.

Higgins Insurance was founded in 1897 and offers a wide range of insurance products including personal, commercial, agribusiness, employee benefits and more.


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 over 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 various insurance companies.

A photo of the Higgins Insurance team.

Cleveland, OH and Hopkinsville, KY (4-X-24) – Benefit Advisors Network (BAN), an international network of progressive and visionary employee benefit brokers and consulting firms from across the United States and Canada, is pleased to announce that Kentucky-based Higgins Insurance has been accepted for membership into the organization.

While primarily serving the Nashville, Tennessee and western Kentucky markets, the independently owned firm also serves clients throughout the United States, as well as internationally. Founded in 1897, Higgins Insurance works with businesses in a wide variety of industries, from agribusiness and manufacturing to financial institution and property management organizations.

“We’re thrilled to be selected as a BAN member. We want to deliver the very best to our clients, and we believe the tools within BAN will help us deliver high quality, valuable services,” says Mack Major, Vice President, Benefits at Higgins Insurance.

As with other members within BAN, Higgins Insurance looks forward to the collaborative atmosphere and unique ideas that the firms routinely bring to the table. Continues Major, “We were influenced by BAN’s extensive resources and collaborative partners that are willing to share expertise, which is instrumental in our future growth.”

To become a BAN member, Higgins Insurance had to pass a stringent screening process that included interacting with BAN’s members and its Board, and scrutiny of the firm’s business ethics, industry knowledge, and commitment to providing the highest quality services.

“We are proud to welcome Mack and his team into BAN,” says Perry Braun, President & CEO of the Benefit Advisors Network. “Higgins Insurance prides themselves on being strategic and innovative problem-solvers, partnering with clients to develop appropriate, affordable, and flexible solutions for their employee benefit programs – this is exactly the type of member that makes BAN the organization it is today.”

BAN intentionally limits membership to the “best of the best” in their respective markets. The organizational philosophy of collaboration while providing world-class resources, such as preferred pricing arrangements and direct access to underwriters, has helped its members continue to grow.

About Higgins Insurance
The Higgins Insurance Agency was founded in 1897 and offers a wide range of insurance products including personal, commercial, agribusiness, employee benefits and more. For more information visit, www.higginsinsurance.com.

About Benefit Advisors Network

Founded in 2002, BAN is an exclusive, premier, international network of independent, employee benefit brokerage and consulting companies. BAN delivers industry leading tools, technology, and expertise to member firms so that they can deliver optimum results to their employee benefit customers. BAN intentionally limits membership because of the highly collaborative interactions. For more information, visit: www.benefitadvisorsnetwork.com or follow them on LinkedIn.

FOR IMMEDIATE RELEASE

HIGGINS INSURANCE INCLUDED IN IIABA’S 2023 BEST PRACTICES STUDY

HOPKINSVILLE, KY, August 22, 2023 – Higgins Insurance retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.

The agencies comprising the study group are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The selected Best Practices agencies retain their status during the three-year study cycle (2022-2024) by submitting extensive financial and operational data for review each year.

During the 2023 Study year, only 264 independent agencies throughout the U.S. qualified and retained their status as a Best Practices agency.

The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual Study of leading independent insurance agencies, which is conducted by the Big “I” and Reagan Consulting of Atlanta, GA, documents the business practices of these “best” agencies and urges others to adopt similar practices.

For over 30 years, the Big “I” has developed a family of products and webinars designed to help cultivate a Best Practices agency culture. The offerings include materials such as the Agency Comparison Workbook, Guide to Producer Contracts, the Customer Service Experience Handbook, Sales Potential Quick Check, Interactive Agency Self-Diagnostic Tool, and Best Practices Joint Planning Tool Quick Step. Many of the publications include guidelines, worksheets, and case studies to help agents apply the information contained in each report and move beyond theory into practice.

In addition to these materials, hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions.

The Big “I” and Reagan Consulting jointly maintain the Best Practices Gateway website (www.reaganconsulting.com/reasearch/best-practices) that provides executive summaries of the annual Best Practices Studies and various Best Practices tools. The Gateway, as well as the annual study, is made possible in part through the financial sponsorship of various insurance companies and industry organizations.

The 2023 Best Practices Study sponsors include: Amerisure, Applied Systems, Central Insurance, Chubb, EMC Insurance, First Insurance Funding, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual Insurance, Safeco Insurance, State Auto Insurance Companies, National General, Nationwide, Progressive, SunLife, Travelers, Vertafore, Westfield Insurance and Westfield Bank.

Higgins Insurance was founded in 1897 and offers a wide range of insurance products including personal, commercial, agribusiness, employee benefits and more.

For more information on the Best Practices Study, contact Jennifer Becker at IIABA, 1-800-221-7917.

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.

Reagan Consulting is a financial and management consulting firm specializing in services to the insurance distribution system. Clients include the leading brokers, agents and bank-insurance programs in the United States. They provide thought leadership to the banking and insurance industries through perennial research, seminars and other industry forums.

With so many varied businesses and areas to cover, insuring an Agribusiness can present unique challenges.

Agribusinesses are what keep our great nation running and they need to be protected properly.  The hazards and risks of running a commercial agricultural enterprise are unique.  This diverse industry in Kentucky and Tennessee requires a special type of care that the professionals at Higgins Insurance are qualified to supply.

Agribusinesses are generally large in size & personnel. Acknowledging that a multitude of things can go wrong is important.  It is helpful to know some of the risks in order to ensure proper coverage of your business. Some of the most common agribusiness insurance claims include:

  1. Workers Compensation/Medical
  2. Property Damage
  3. Hail Damage
  4. Collision
  5. Lightning Damage

 

There are some basic areas that can be insured that will cover a majority of the risks you may encounter. Just a few of the areas of coverage that should be included in each business’ policy are:

  • Commercial General Liability Insurance
    This will help protect a business from the cost of defending themselves.  If a third party claims your business caused them bodily harm and/or damaged their property this insurance can cover any claims they make and any legal bills that may be incurred.
  • Commercial Property Insurance
    Every piece of property owned by the business will need coverage.  This does not cover land alone, but can be customized to include any buildings, fields, farm equipment, processing equipment, and other properties of a business.
  • Business Auto Insurance
    A Business Auto Policy that covers your Agricultural operations is also customizable for each customer.  Heavy duty trucks, business vehicles, and farm vehicles can be covered.  Many times this can even be extended to cover private passenger vehicles owned by the farm or business.
  • Umbrella Insurance for Agribusiness
    Umbrella insurance protects against losses of a catastrophic nature.  It is an extra layer of coverage for situations such as natural disaster, among other things.

There are many other types of coverage that can be customized to each specific business and the experts at Higgins Insurance have the knowledge and experience to make sure your business is fully prepared.  It is important to keep in mind that insurance should be a proactive part of how you manage and operate your Agribusiness.  Any time changes are made to your property like buildings, structures, or agribusiness operations, you should re-evaluate and update your policies.

There is no margin for error when insuring your income-producing assets and operations. Your risk management program is crucial to your long-term success and profitability. With so much at stake, you need a partner with specialized agribusiness insurance knowledge.

Contact us today and we will get you set up with one of our highly trained professionals. Call us at our Clarksville or Hopkinsville office and we can start customizing a policy for you.  Remember, farming isn’t just what you do, it’s a way of life!

What is the advantage of choosing a local agent over online insurance services?

The advantages to having access to a local insurance agent are wonderful; however, buying insurance online can have its own unique conveniences as well. We want to share with you some of the advantages of both and let you know why you might want to choose Higgins Insurance for your insurance needs.

Online Insurance:
Who doesn’t like shopping from the convenience of your own home? When you shop online for insurance, you are able to access a wide variety of insurance providers. You are able to browse while you eat dinner or do your laundry.
Shopping online can often help you identify the best rates for the specific types of insurance you are looking for. If you need more than one form of insurance, creating a bundle to cover you and your family may be a hassle. You may end up dealing with a customer service person over the phone. They will generally have less experience than a local agent and have no vested interest in you or knowledge of your community.
Online insurance shopping is best for helping you get an idea of the products and services that are available to you. It is also a great way to quickly get quotes in your area and to help you find the best pricing options.

Insurance Agent:
Using an insurance agent local to your community has many advantages. Our agents at Higgins Insurance are able to tailor an insurance plan specifically to your family or your business. We are able to create a custom bundle that will incorporate all of your insurance needs.
Having a local agent can also be an advantage when you are deciding what specialty insurance and add-ons you might need. For example, we are able to advise on whether your home lies in a flood prone area and when you might need extra protection. We can also advise you about specific laws you will need know in order to keep yourself fully covered. Additionally, we are able to tell you what you don’t need. Using a local agent can save you from buying protection that is unnecessary for your needs.
Having a local agent is also important when you have to file a claim. Being able to meet face to face and talk about your claim, the options you may have, and how to proceed is invaluable. At Higgins, we will go above and beyond to provide you the services you need and help get you on track.

When it comes to big investments like your car, your home, and even your family’s well-being you want an expert on your side, someone to help you make sense of what you’re actually buying and who can be there with you through any claims. We want to provide you and your family with the service you deserve. If you are in the Hopkinsville or Clarksville areas, we would love to meet and discuss your needs. Contact us today for an appointment, give us a call at (888) 457-2307 or visit our Hopkinsville, Ky or Clarksville, TN offices.

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