GUARD Insurance Group

GUARD Insurance Group is a prominent insurance company specializing in providing a variety of commercial insurance products. Founded in 1983, GUARD Insurance Group has grown significantly over the years, establishing itself as a key player in the insurance industry. The company's headquarters are located in Wilkes-Barre, Pennsylvania, United States.

History

GUARD Insurance Group was initially established to offer workers' compensation insurance to local businesses. Over the years, the company expanded its product line to include other types of commercial insurance, such as liability insurance, property insurance, and business owner's policy (BOP). The expansion allowed GUARD to serve a broader range of businesses across various industries.

In 2007, GUARD Insurance Group was acquired by Clal Insurance Enterprises Holdings Ltd., an Israeli company, which helped to further its growth and expansion. However, the most significant change came in 2012 when Berkshire Hathaway, led by renowned investor Warren Buffett, acquired GUARD Insurance Group. This acquisition by one of the world's most successful investment companies marked a new chapter in GUARD's history, providing it with a strong financial backing and the ability to expand its services and market reach.

Products and Services

GUARD Insurance Group offers a comprehensive range of insurance products designed to meet the needs of small to medium-sized businesses. These products include:

• Workers' Compensation: GUARD provides workers' compensation insurance, which is essential for businesses to cover medical costs and lost wages for employees who are injured on the job.
• Liability Insurance: This includes general liability insurance, which protects businesses against claims of bodily injury, property damage, and personal and advertising injury.
• Property Insurance: GUARD offers insurance coverage for commercial properties, protecting against damage from fire, theft, and natural disasters.
• Business Owner's Policy (BOP): This is a bundled package that combines property insurance, liability insurance, and other coverages into one convenient policy for business owners.
• Commercial Auto Insurance: GUARD provides insurance coverage for vehicles owned by businesses, covering damages and liability in the event of accidents.

Expansion and Growth

Under the ownership of Berkshire Hathaway, GUARD Insurance Group has continued to expand its product offerings and geographic reach. The company has made significant investments in technology to improve its services and customer experience. Additionally, GUARD has expanded its presence to offer insurance products in several states across the United States, aiming to provide comprehensive insurance solutions to businesses nationwide.

Corporate Social Responsibility

GUARD Insurance Group is committed to giving back to the communities in which it operates. The company engages in various charitable activities and initiatives aimed at supporting local communities and promoting social welfare.

Conclusion

GUARD Insurance Group has established itself as a reliable provider of commercial insurance products, thanks to its comprehensive product offerings, strong financial backing, and commitment to customer service. With its continued expansion and focus on technology, GUARD is well-positioned to serve the evolving needs of businesses across the United States.