NEW HARTFORD — For the sixth year in a row, Gilroy Kernan & Gilroy, Inc (GKG) is among a select group of insurance agencies identified by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting as employing the best business practices in the industry. The selection means that GKG’s operations including procedures, […]
NEW HARTFORD — For the sixth year in a row, Gilroy Kernan & Gilroy, Inc (GKG) is among a select group of insurance agencies identified by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting as employing the best business practices in the industry.
The selection means that GKG’s operations including procedures, growth, productivity, profitability, and financial stability have not only been reviewed but serve as best-practice models for other insurance agencies to adopt for their own success.
“We benchmark ourselves against the very best independent insurance agencies around the country,” GKG CFO Donald Polczynski says of the honor. “It says that you are amongst the very best.”
The honor is an important one, he says, because it assures clients and employees alike that the agency is a sound one. “It’s a symbol of a well-run organization,” he cotends.
While GKG won’t necessarily share its best ideas with the local competition, Polczynski says it will share its best practices nationally with other agencies with which it does not directly compete. It benefits the industry as a whole, he says, to share because it helps elevate the entire industry.
Every year, IIABA and Reagan Consulting study the country’s leading insurance agencies in six revenue categories. Agencies in the study groups are selected every third year through a comprehensive nomination and qualifying process. This year ended the current three-year study cycle which included more than 1,200 independent insurance agencies across the country. Only 224 agencies qualified for the best practices designation by being among the top 40 performers in one of the six revenue categories.
To stay at the top, GKG works to always be a step ahead of its clients’ needs as well as trends in the industry, Polczynski says. That means staying up to date on “hot topics” such as the Patient Protection and Affordable Health Care Act (also known as Obamacare) changes set to begin this January.
“We’re on top of that,” he says.
Headquartered at 201 Clinton Rd. New Hartford, GKG (www.gkginsurance.com) is an independent insurance agency offering risk-management products and services to businesses and individuals. Products include commercial insurance, employee benefits, and personal insurance. The firm, which does not disclose revenue information, employs 35 people and represents more than 80 insurance carriers.
Contact DeLore at tdelore@tmvbj.com