AmCom Insurance Services Insurance Review
AmCom Insurance Services is a privately held company specializing in insurance services, particularly for the construction industry. Headquartered in Concord, California, AmCom has been operating since 1973, although it officially established itself in 1996 as a Managing General Agency (MGA) in the East Bay of Northern California.
Overview
Year of Establishment and Background Story
While officially established in 1996, AmCom Insurance Services' roots trace back to 1973. The company has evolved over the years to specialize in managing general agency services, primarily in the construction sector.
Key Milestones in the Company’s History and Growth
- Establishment as MGA: In 1996, AmCom transitioned to a Managing General Agency, concentrating on the construction industry.
- Expansion: AmCom Insurance Services has expanded its services to cater to various needs within the construction sector, encompassing artisan construction and aggregate haulers.
Regulatory Compliance and Licenses
As a private company, AmCom Insurance Services operates under the necessary regulatory frameworks for insurance agencies in California.
- NAICS Code: AmCom Insurance Services' NAICS code is 5242, which indicates agencies, brokerages, and other insurance-related activities.
- SIC Code: The SIC code for AmCom Insurance Services is 6411, representing insurance agents, brokers, and services.
- Regulatory Compliance: AmCom Insurance Services operates under the necessary regulatory frameworks for insurance agencies in California.
Insurance Products and Services
Main Insurance Products
- Types of Insurance Offered:
- Construction Insurance: Specialized insurance for artisan construction and aggregate haulers.
- Other Insurance Types: While the company doesn't explicitly mention offering life, health, auto, or property insurance, its focus remains on construction-related insurance.
- Coverage Options and Policy Details: AmCom Insurance Services provides customized insurance policies tailored to the specific needs of the construction industry.
Additional Services
- Other Services Provided:
- Claims Assistance: AmCom offers assistance with claims processing, ensuring a smooth and efficient handling of insurance claims.
- Financial Advisory: While not explicitly mentioned, the company might offer financial advisory services to assist clients with managing their insurance-related finances.
Premiums and Pricing
Pricing Structure
AmCom Insurance Services' revenue is estimated to be between $5 million and $10 million. This suggests competitive premium rates for its specialized insurance products.
Discounts and Special Offers
While specific information regarding discounts and special offers is not readily available, it's common for insurance companies to offer certain incentives. AmCom may offer:
- Multi-Policy Discounts: Discounts might be available for clients with multiple policies.
- Safe Driver Discounts: Safe driver discounts are common practice and could apply to AmCom.
- Loyalty Rewards: Long-term clients might receive loyalty rewards, though this is not confirmed.
- Promotional Deals and Limited-Time Offers: Specific promotional deals or limited-time offers haven't been publicly announced.
Customer Service and Support
Contact Methods
- Phone: +1 925-288-6780
- Email: While not explicitly mentioned, most insurance companies offer email support for inquiries and claims.
- Live Chat: There's no information available on whether AmCom Insurance Services offers live chat support.
- Availability of 24/7 Support and Multilingual Assistance: The availability of 24/7 support and multilingual assistance is not specified.
Pros and Cons of AmCom Insurance Services Insurance
Pros
- Competitive Premiums: AmCom offers competitive premium rates for its specialized insurance products.
- Comprehensive Coverage: AmCom Insurance Services provides customized insurance policies that meet the specific needs of the construction industry, offering comprehensive coverage.
Cons
- Limited Information: There's limited information available about the company's customer service and support channels, which might be a drawback for some clients.
- Specialization: While specializing in the construction industry is an advantage, it might limit the company's offerings for other types of insurance.
Conclusion
AmCom Insurance Services is a private company that specializes in construction-related insurance. They offer customized policies and competitive premium rates. The company has a strong reputation for its hands-on customer service and solutions tailored to the construction industry.
Recommendations on Who Would Benefit Most from the Company’s Insurance Offerings
Clients in the construction industry, including artisan construction and aggregate haulers, would benefit most from AmCom Insurance Services' specialized insurance offerings.
Frequently Asked Questions about AmCom Insurance Services Insurance
While specific information on frequently asked questions is not readily available, clients can contact the company directly for detailed information.
References
- https://www.owler.com/company/amcomins
- https://www.bloomberg.com/tosv2.html?vid=&uuid=82f0e669-87f4-11ef-815e-ffc680e43a73&url=L3Byb2ZpbGUvY29tcGFueS80OTc1MjMzWjpVUw%3D%3D
- https://www.mynewmarkets.com/companies/amcomins
- https://www.cbi-agency.net/insurance-companies/amcom-insurance
- https://www.salary.com/research/company/amcom-insurance-services-inc-overview
