Frenkel & Co. Insurance Review: A Comprehensive Guide
This comprehensive review delves into the history, services, pricing structure, customer support, and overall reputation of Frenkel & Co. Insurance, helping you determine if it's the right choice for your insurance needs.
Overview of Frenkel & Co. Insurance
Year of Establishment and Background Story
Established in 1878, Frenkel & Co. boasts a rich history in the insurance brokerage industry. Its longevity speaks volumes about its adaptability and ability to navigate the ever-evolving landscape of the insurance market. The company's commitment to client service has been a cornerstone of its success for over a century. This long-standing presence provides a level of stability and experience that many newer firms cannot match.
Key Milestones in the Company’s History and Growth
A significant milestone in Frenkel & Co.'s history occurred in 2017 when it joined forces with EPIC Insurance Brokers & Consultants. This strategic merger significantly expanded Frenkel & Co.'s reach, resources, and capabilities, catapulting it into the top 10 commercial insurance brokers in the nation. This affiliation provides access to a broader network of resources and expertise, benefitting clients with more comprehensive and advanced solutions. This expansion solidified their position as a major player in the industry, offering enhanced services and wider coverage across various sectors.
Frenkel & Co.'s geographical footprint extends across multiple states, including California, Massachusetts, New Jersey, and New York, although they serve clients nationwide. This broad reach allows them to cater to a diverse client base with unique regional needs.
Regulatory Compliance and Licenses
While specific details regarding Frenkel & Co.'s licenses and certifications are not readily available in publicly accessible resources, it's crucial to understand that operating as an insurance brokerage firm necessitates compliance with rigorous regulatory standards. Their long-standing presence in the industry suggests a strong track record of maintaining compliance with all necessary licensing and regulatory requirements. Prospective clients should independently verify the company's licensing information with relevant state regulatory bodies.
Insurance Products and Services Offered by Frenkel & Co.
Main Insurance Products
Frenkel & Co. offers a comprehensive suite of insurance products designed to cater to a wide range of clients' needs. These include:
- Casualty Insurance: Provides coverage for liability arising from accidents and injuries.
- Employee Benefits: Offers comprehensive health, life, and retirement planning solutions for businesses of all sizes.
- Environmental Insurance: Protects businesses from environmental risks and liabilities.
- Financial Insurance: Covers financial risks such as cyberattacks, data breaches, and other financial exposures.
- Marine Insurance: Provides coverage for marine-related risks and assets.
- Personal Lines Insurance: Offers protection for personal property and liability.
- Property Insurance: Covers commercial and residential real estate and other business properties.
- Surety Insurance: Provides bonds for construction projects, contracts, and other business ventures.
Coverage Options and Policy Details
While specifics regarding policy details aren't publicly available, Frenkel & Co.'s reputation suggests that they provide customized insurance policies tailored to the individual needs of their clients. The focus on personalized service is a key aspect of their business model. To obtain precise policy details and coverage options, prospective clients should directly contact Frenkel & Co. for a personalized quote and consultation.
Additional Services
Beyond core insurance products, Frenkel & Co. extends its services to include valuable supplemental offerings:
- Financial Advisory: Offers expert financial planning and guidance.
- Retirement Planning: Assists clients in developing comprehensive retirement strategies.
- Claims Assistance: Provides support and guidance throughout the insurance claims process.
Premiums and Pricing at Frenkel & Co.
Pricing Structure
Frenkel & Co. strives to provide competitive premium rates that reflect the type of insurance coverage and the client's specific risk profile. However, detailed pricing information is not publicly disclosed. Obtaining a precise quote requires a direct interaction with a Frenkel & Co. representative who can assess your individual needs and circumstances.
Comparative Analysis with Industry Averages
While direct comparisons to industry averages are unavailable in readily accessible information, the company's standing as a top-tier broker suggests that their pricing is generally competitive within the marketplace. It’s crucial to obtain personalized quotes from multiple insurers for the most accurate comparison.
Discounts and Special Offers
Frenkel & Co. may offer various discounts, including multi-policy discounts, safe-driver discounts, and loyalty programs. However, the specific details of these offers are not readily available online. It is advisable to inquire directly with the company to learn about any applicable discounts or promotions.
Customer Service and Support at Frenkel & Co.
Contact Methods
While specific contact methods are not explicitly detailed, it's reasonable to assume Frenkel & Co. offers multiple avenues for customer support, including phone, email, and potentially online chat. Their website is the best place to find the most current contact information.
Availability of 24/7 Support and Multilingual Assistance
The availability of 24/7 support and multilingual assistance is not confirmed through publicly accessible resources. Direct contact with Frenkel & Co. is recommended to verify the extent of their customer support capabilities.
Pros and Cons of Frenkel & Co. Insurance
Pros
- Competitive Premiums: Generally competitive pricing based on industry standing.
- Comprehensive Coverage: Offers a wide range of insurance products and customized policies.
- Client-Centric Approach: Known for prioritizing client needs and providing personalized service.
- Established Reputation: A long history and strong market presence.
- Part of EPIC Insurance: Benefits from the resources and capabilities of a larger, established brokerage.
Cons
Based on currently available information, specific drawbacks or areas for improvement are not readily apparent. Client reviews and independent research may provide further insight into potential limitations.
Conclusion
Summary of the Main Points Covered in the Review
Frenkel & Co. is a well-established international insurance brokerage firm with a long history of providing comprehensive insurance solutions. Its merger with EPIC Insurance has significantly enhanced its capabilities, positioning it as a major player in the industry. They offer a wide array of insurance products and services, emphasizing a personalized client experience and competitive pricing. While some specific details regarding policies, licensing, and customer support channels remain undisclosed, its established reputation and association with EPIC Insurance provide a degree of confidence in its offerings.
Recommendations on Who Would Benefit Most from the Company’s Insurance Offerings
Frenkel & Co.'s services would benefit a wide range of individuals and businesses, including personal lines clients, small business owners, corporate risk management teams, and medical professionals. Their comprehensive coverage, tailored solutions, and reputation for client-centric service make them a strong contender in the insurance market.
Frequently Asked Questions about Frenkel & Co. Insurance
Q: What types of insurance does Frenkel & Company offer?
A: Frenkel & Co. offers a broad spectrum of insurance products, encompassing casualty, employee benefits, environmental, financial, marine, personal lines, property, and surety insurance.
Q: How does Frenkel & Company handle claims?
A: While precise details aren't publicly available, Frenkel & Co. provides claims assistance through its dedicated internal support structures. For specific claim procedures, direct contact with the company is recommended.
Q: Is Frenkel & Company a reputable company?
A: Yes, Frenkel & Co. enjoys a strong reputation built over its long history and affiliation with EPIC Insurance Brokers & Consultants. However, always conduct independent research and check reviews before making a decision.
- Obtain Multiple Quotes: Compare quotes from different insurance providers to ensure you're receiving the best rates and coverage.
- Read Reviews: Explore online reviews from previous clients to gain further insight into their experiences with Frenkel & Co.
- Verify Licenses: Independently verify the company's licenses and certifications with the appropriate regulatory authorities.
- Ask Questions: Do not hesitate to contact Frenkel & Co. directly with any questions or concerns.
References
- [1] https://www.eli.org/brownfields-program/frenkel-company
- [2] https://www.frenkelfirm.com
- [3] https://www.epicbrokers.com/frenkel-benefits-is-now-epic/
- [4] https://rocketreach.co/frenkel-company-profile_b5c71535f42e0d28
