All 4 Subsidiaries Grow At Thompson Insurance

GIRARD – Thompson Insurance Group, a family business based in Girard, had a successful 72nd year as it gave back to the community, welcomed new faces and experienced growth within each of its four subsidiaries, says Andrew D. Thompson, vice president and partner.

The Gibson Agency, the company’s personal and commercial lines division, spent much of 2019 working on the redesign of its website. The new site will be more interactive and user-friendly and feature a client portal that will allow customers to make payments, submit policy change requests and much more. An online chat feature will be available. 

The agency also added two employees: Leslie Sams joined the team as a personal risk manager and Bonnie Glavan as a commercial risk manager.

In terms of revenue growth, Thompson Private Client experienced the biggest gain in 2019 with a 32.2% increase. “We attribute this increase to successful individuals recognizing they’ve outgrown standard insurance products,” Thompson says.

With an increase of 31.9% last year, the commercial lines division was a major growth engine as it focused on the growing need for cyber coverage. With anticipation for even more growth in 2020, the agency recently hired two staff members to bolster its commercial department. 

Thompson’s other divisions grew as well. PetBiz Insurance was up 11.6% while Gibson Agri & Equine Insurance grew by 6.1%. The personal lines division saw an increase of 5.8%, Thompson says.

As it strives to make an impact in the community, Thompson Insurance Group donated $45,000 to charitable causes. Among them were the American Red Cross Sound the Alarm Campaign, the annual Tri-County Heart Walk and Project MKC’s Adopt-a-Family program.

Copyright 2022 The Business Journal, Youngstown, Ohio.