How Authentic Works

About Authentic

Authentic differentiates itself with a distinctive economic model. Traditional insurance companies generate profit by collecting premiums exceeding claims and expenses; Authentic empowers partners to take ownership of their insurance programs and receive both commission and underwriting profit.

Our goal is to offer our partners more meaningful incentives and flexibility in managing and benefiting from their insurance programs. This approach aligns the interests of Authentic and our partners as both parties are impacted by the success of the program.

Our Insurance Infrastructure

Authentic is a licensed insurance agency that sells its proprietary admitted insurance products through Everspan Insurance Company (an A- rated AM Best insurance carrier). Authentic also reinsures its policies through both Everspan Insurance Company and Greenlight Reinsurance.

Authentic operates as a managing general agency and a captive reinsurance company. As a managing general agency, we have the authority to underwrite policies and manage the insurance program on behalf of our partners' captive program. To learn more about Captives, click here.

Insurance Offering

Authentic offers Business Owners Policy (General Liability & Business Personal Property) through the captive infrastructure and a Workers Compensation product through a partner (fees / commission only). To see a full explanation of our product offering see below:

• Business Owners' Policy

• Authentic's Coverage Options

Why Insurance is important for SMBs:

Commercial insurance is vital for SMBs and offers critical protection which can often be the difference between staying in business and being forced to shut down. Here are a few themes that highlight the importance of P&C coverage for small businesses:

Risk Management	Commercial insurance mitigates risks, providing financial protection and peace of mind for small businesses.
Financial Stability	It safeguards against major financial impact from lawsuits, property damage, or liability claims, maintaining stability.
Business Continuity	Commercial insurance, including business interruption coverage, enables quick recovery and minimizes losses during disruptions.
Legal Compliance	It ensures adherence to legal requirements, enhancing reputation and credibility with customers and stakeholders.
Customer Confidence	Commercial insurance demonstrates responsible practices, building trust and confidence in the business.
Business Growth	Having coverage opens doors to new opportunities, expanding customer base and securing partnerships. Insurance requirements are often compulsory in partnership agreements for SMBs

Benefits of Insurance for SMBs:

Financial Security	Commercial insurance offers a safety net that protects SMBs from significant financial losses. Transferring risk to an insurance provider, allows SMBs to focus on innovation and growth.
Compliance and Peace of Mind	Many states and industries have specific insurance requirements. By obtaining the necessary coverage, SMBs ensure compliance with legal obligations, avoiding penalties and potential lawsuits.
Enhanced Reputation	Having commercial insurance coverage enhances an SMB's reputation and credibility. It demonstrates commitment to professionalism and responsibility, assuring clients, partners, and stakeholders that they are equipped to handle unexpected events.
Focus on Success	Commercial insurance gives owners and operators the freedom to focus on what matters most: core operations and driving their venture forward.