Paychex Now a ‘Top 20’ Insurance Agency in the U.S.

Paychex Insurance Agency, Inc., a wholly owned subsidiary of Paychex, Inc., ranked number 20 on Business Insurance magazine’s 2018 list of the Top 100 Brokers of U.S. Business, up one spot from its number 21 ranking in 2017. In the agency’s eighth appearance on the list, it once again ranks as one of the fastest-growing firms in the nation. Business Insurance, the leading trade magazine for the commercial insurance industry, annually ranks agents and brokers based on revenues generated by U.S.-based clients.

“We are honored to again be recognized among the most respected insurance firms in the U.S., and we are particularly proud to earn the distinction of being a ‘top 20’ agency,” said Sally Prather, Paychex vice president of insurance services. “This achievement is a reflection of our best-in-class agents who continue to deliver customized solutions to meet the evolving needs of business owners and their employees. It’s also a testament to our unique business model and ability to deliver value to our clients through an integration of insurance and payroll data that is unrivaled in the marketplace.”

With both property and casualty and group health insurance offerings central to the firm’s success, Paychex Insurance Agency experienced year-over-year revenue growth of more than nine percent, according to the 2018 Business Insurance listing. The agency remains committed to helping America’s small and mid-size business owners offer affordable health insurance coverage to their employees, which may prove critical as businesses increase their focus on talent management initiatives in 2018.

“In today’s tightening labor market, businesses are in serious competition for top talent,” added Prather. “Employee benefits could be a differentiating factor, perhaps the difference between hiring or losing out on a great job candidate. Value-rich insurance coverage also has the potential to boost employee engagement and retention. We are driven to help businesses offer coverage that positions them to win the war on talent and keep their best people.”

Paychex Insurance Agency, serving more than 140,000 clients, is a full-service agency offering flexible, scalable insurance solutions for business owners and their employees. Insurance services include:

• Group Health Insurance, including:
  • Medical and dental
  • ACA (Health Care Reform) services
  • Life
  • Disability
  • Voluntary benefits
• Property and Casualty Insurance, including:
  • Workers’ compensation insurance
  • Business owner policies
  • General and umbrella liability
  • Commercial auto coverage
  • Employment practices liability
  • ERISA bonds
• Individual insurance solutions

Paychex Insurance Agency focuses on delivering proactive service and technology-enabled solutions that seamlessly integrate with Paychex payroll, streamlining insurance administration. The agency currently works with more than 300 national and regional insurance carriers to design coverage that makes business insurance easier.

To learn more about Paychex Insurance Agency, visit https://www.paychex.com/group-health-insurance.

Insurance is available through Paychex Insurance Agency, Inc., 150 Sawgrass Dr., Rochester, NY 14620. CA License #0C28207

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, human resources, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves over 650,000 payroll clients as of May 31, 2018, across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.