As a recipient of the Top Insurance Employers of 2024 award, GIG attributes its success to company culture and dedicated employees.
General Indemnity Group (GIG), a holding company that focuses on the surety insurance sector and includes BOSS Bonds and United Casualty & Surety Insurance Company (UCS), has been named one of the Top Insurance Employers of 2024 by Insurance Business America (IBA), a leading media company covering the insurance industry. The awards celebrate employers and companies for their commitment to their employees. GIG qualified in the category of 26-100 employees.
“We are tremendously excited by this recognition from IBA, considering it’s one of the industry’s leading media companies,” said Dave Herman, President of GIG. “We have worked extremely hard to build a supportive and values-based workplace at our GIG companies, where people feel that they can truly thrive. We are honored by this recognition and are grateful to each and every colleague who contributes to making this a great place to work.”
IBA identified this year’s top insurance employers by inviting organizations across the United States to fill out an employer form and explain their various offerings and practices. Afterwards, employees from nominated employers filled out an anonymous form evaluating their workplace on several metrics, including:
To be considered, each employer had to reach a minimum number of employee responses based on its overall size. Insurance employers that reached an 80 per cent or greater average satisfaction rating from their employees were named IBA Top Insurance Employers for 2024.
According to Herman, GIG has grown its employee count from 19 to 60 employees since its inception in 2019 and has outpaced the industry when it comes to pay and other compensation. Other GIG employee benefits include 13 federal holidays, Paid PTO, 401k matching plus expansion of benefits, including a health plan that covers 100% of monthly premiums.
“Several years ago, we reset how our companies thought about culture and coalesced around the values of excellence, passion, emotional leadership, communication, and an ownership mindset," Herman said. “We asked ourselves what would make this one of the best places where someone could work, and from that emerged a focus on competitive benefits as well as ensuring that the right leaders were in the right seats. The recognition from IBA in many ways underscores what we’ve built together as a team, which has not only made this an exceptional place to work but also has been paying dividends in our overall company success as well.”
General Indemnity Group, LLC("GIG") is an insurance holding company founded in 2015. It specializes in acquiring and operating companies that underwrite and distribute insurance products. GIG’s current holdings include surety insurance agencies, as well as an "A- Excellent" (AM Best rating) monoline surety insurance company. GIG is a wholly owned subsidiary of Boston Omaha Corporation, a public holding company with businesses engaged in diverse activities including advertising, real estate, insurance, broadband and other investments. For more information, visit www.bostonomaha.com.
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