When Leap Solutions and George Petersen Insurance Agency’s worlds collided in the acquisition in March 2024, it was a natural fit, as we share a client-focused, value-driven culture. Leap Solutions and George Petersen Insurance Agency have long crossed paths, as we provided them with outsourced Human Resource services, and they provided many of our clients with essential insurance coverage.
Recently, we conducted a roadshow to help the George Petersen team better understand our services and role as consultants, while they, in turn, deepened our knowledge of the diverse insurance solutions they offer. Given that we both serve a wide range of industries, expanding our resources to better support our clients is key to our mutual success.
George Petersen Insurance Agency offers a wide range of coverage options tailored to meet clients’ unique needs and budgets. Here are some key insights we’ve gained about the various types of coverage they offer.
Their offerings include:
Health & Employee Benefits:
- Group Medical, Dental, and Vision
- Group Life Insurance
- Group Disability Insurance
Business & Liability Insurance:
- General Liability
- Workers’ Compensation
- Property Insurance
- Business Auto Insurance
- Professional Liability
Specialized Coverage:
- Bonds & Surety
- Management Liability
- Cyber Liability
- Crime Insurance
- Inland Marine Insurance
- Earthquake & Flood Coverage
- Liquor & Pollution Liability
- Product Recall Insurance
- Foreign Liability
- Civil Authority Coverage
Additional Policies:
- Umbrella/Excess Liability
- Garage Keeper Liability
- Aircraft Insurance
- Employment Practices Liability (EPLI)
- Business Owners Policy (BOP)
- Directors & Officers (D&O)
These comprehensive solutions ensure businesses are well-protected across various industries. When you pack the products with the George Petersen client service, owners can feel relief that the unanticipated business risks are managed.
George Petersen also provides specialized executive benefits designed to protect key individuals and support long-term leadership and financial security. These include:
Key Person Insurance
- Helps quantify the value of a key employee and assess the time required for replacement.
Individual Coverage
- Long-Term Disability Insurance – Provides income protection in case of disability.
- Long-Term Care Insurance – Covers extended care needs beyond standard health insurance.
Deferred Compensation & Wealth Planning
- Split-Dollar Life Insurance Plans & Fixed Annuities – Includes cash value accumulation and a death benefit. They can also serve as an alternative to selling shares and allow for tax-free cash withdrawals. Additionally, annuities provide a deferred income option.
- Estate Tax Mitigation – Involves strategies to minimize estate tax liabilities. One effective option is second-to-die life insurance policies, which provide financial support to beneficiaries and help reduce estate tax burdens after both insured individuals have passed.
Business Protection Strategies
- Buy/Sell Agreements Funded by Life Insurance – Ensures smooth business transitions in case of an owner’s death.
- Collateral Assignments – Life insurance policies required by lenders or investors to secure business financing.
Enhancing your employee benefits not only attracts and retains top talent but also fosters a happier, healthier, and more productive workforce. George Petersen Insurance can help you tailor the perfect benefits package for your company’s unique needs.
At Leap Solutions, we stand ready to address client needs both through our human resource, organizational development, and executive search and recruitment services and the enhanced ability to bring in George Petersen Insurance Agency for insurance and employee benefit needs.
Leap Solutions, a division of George Petersen Insurance Agency, is a diverse group of highly skilled management, organizational development, executive search and recruitment, and human resources professionals who have spent decades doing what we feel passionate about: helping you feel passionate about what you do. We are available to work with you to develop practical solutions and smart planning decisions for your organization’s immediate, near, and long-term needs.
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