Insurance Wholesaler Socius Insurance Services, Inc. Celebrates Twenty Years of Business

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- - Socius Insurance Services, Inc., a management liability and property/casualty insurance wholesaler, is celebrating its 20th anniversary on April 11, 2017. Socius was started in 1997 with five total employees and originally called ECM Insurance Services. Since then, the company has grown to over 85 employees and seven locations, and even changed its name-"socius" is Latin for partnership-to reflect its focus on relationships with retail and underwriting partners.

Socius works with both admitted and specialty markets to place coverage including casualty, property, directors and officers liability, employment practices liability, professional liability, and cyber liability. The company markets to carriers with a unique risk appetite to find coverage not available in the standard market, presenting exclusive solutions for brokers to offer their clients.

"I'm incredibly proud of our people and what we've managed to accomplish together," said Patrick Hanley, President of Socius Insurance Services Inc., and one of the company's founders along with Paul Lefcourt, Management Liability Practice Leader. "Our consistent growth is a testament to our employees' commitment to our clients. Our relationships with retail brokers and underwriters is the foundation of our business. We would like to thank our retail brokerage and underwriting partners-all our success is a direct result of their faith and confidence in us."

As the company grows, so do its offerings. In 2015, in response to the uptick in cyber attacks and privacy breaches, Socius added a cyber insurance program specific to the needs of small to medium-sized businesses. The next year, the company launched another new program designed for plaintiff attorneys and their clients to protect against litigation losses.

Socius continues to expand their business through new programs and office locations and looks forward to a bright future of continued growth.