CHICAGO, Aug. 12, 2015 /PRNewswire/ -- Insureon, the nation's leading online insurance platform for small businesses, today announced it earned spot 259 on the annual "Inc. 5000" report. Published annually since 1982, the report tracks revenue growth of privately held independent companies in the United States.
This year marks Insureon's second appearance on the list. In 2014, it was named the nation's fastest-growing insurance company. It ranked second among companies in Chicago and 107th overall.
"The story of this year's Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top," says Inc. President and Editor-in-Chief Eric Schurenberg. "You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don't achieve that kind of success by accident."
"It's an amazing recognition of the Insureon team," said Ted Devine, CEO of Insureon. "Our team has been working hard all year, improving the resources we offer to small businesses and scaling our operations and technology platforms. We couldn't have done this without the tireless work of every single person on the Insureon team or our amazing clients."
When Insureon was founded in 1997, it served the niche group of IT professionals who went online to look for business insurance. Today, it offers a variety of policies for businesses in more than 1,000 industries, including construction, business consulting, janitorial services, and IT. Built to bring the convenience of online shopping to the otherwise arduous task of finding business insurance, Insureon has helped more than 150,000 small and micro businesses (those with 25 or fewer employees) find coverage.
"Our technology makes Insureon possible, but it's our dedication to customer service that has set us apart," said Devine. "Every one of our customers gets to talk with an Insureon specialty broker who ensures their needs are met. All businesses are different. It is the combination of the best technology in the industry and deep industry expertise that makes us unique."
Besides Professional Liability and General Liability Insurance, Insureon offers Business Owner's Policies, Workers' Compensation, and Cyber Insurance products.
Backed by private investment firm Accretive, Insureon is headquartered in Chicago. It places nearly $200 million in premium annually. Details about its innovative online application, technology, and business model are available at www.insureon.com.
More about Inc. and the Inc. 500|5000
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 13,000,000 today. For more information, visit www.inc.com.
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements.