Archive for Evergreen Insurance News

Our COO Alan Pollak Featured in the NYREJ as Executive of the Month

Shown (from left) are: Izzy Green, CEO; Alan Pollak, COO; and Sol Eisenberg, partner and co-founder

The Evergreen Partners

Shown (from left) are: Izzy Green, CEO; Alan Pollak, COO; and Sol Eisenberg, partner and co-founder

Executive of the Month: Pollak of Evergreen Insurance sees tremendous growth for the firm

Alan Pollak, COO Evergreen Insurance & Risk Management

Alan Pollak, Evergreen Insurance

Rockland County, NY The New York Real Estate Journal recently sat down with Alan Pollak, COO and partner at Evergreen Insurance (www.trustevergreen.com), an insurance agency that focuses solely on investment real estate, for a question and answer session.

Q: Tell me about Evergreen Insurance.

A: Evergreen Insurance was founded in 2009 by Izzy Green and Sol Eisenberg. While they began the firm as a generalist insurance agency and had built a decent-sized client base by 2011, they made the decision to sell their book of business and start fresh within the niche market of investment real estate insurance. It was a big risk at the time, but they took the plunge and it paid off. Today, Evergreen Insurance is a leading national insurance agency for investment real estate, and our portfolio includes everything from small rental units to large apartment buildings, shopping centers and commercial buildings.

Q: What differentiates Evergreen Insurance?

A: Three factors, all related to our real estate niche:

1. We live and breathe real estate. We speak the same language as investors; our staff understand the due diligence process well; and banks and mortgage brokers love to work with us for that reason.

2. There are thousands of insurance companies and programs out there, each with a different specialty and appetite for risk. We know exactly which insurance companies are good for each type of real estate risk. This cannot be said about a generalist. If you’re selling insurance to pharmacies, warehouses and churches as well as real estate, you can’t possibly know the insurance market as well as an agency that is solely focused on real estate.

3. We take clients with a few thousand units and we revamp their entire insurance portfolio and write custom policies for them. One recent example is a client who rehabs rental apartments and has more than 50 insurance policies with different expirations dates and coverages. The processing for each building they purchased and sold was a nightmare. We put them on a single reporting form insurance program specifically designed for rehabbers and flippers, one on which all adding and removing of properties could be done online.

Q: Is there a minimum size policy one needs to use Evergreen Insurance?

A: No, we write anything that is investment real estate, down to a single-family rental property. A significant part of our small business division is below $2,000 in premiums. Izzy likes to say, “We don’t look at premiums, we looks at clients. A customer is a customer no matter how large or small the premium is. If it fits our niche, they will get the highest level of service.”

Izzy Green, Evergreen CEO at a claim in Texas

Izzy Green (left) on site at a claim in Texas

Q: 2016 was an exciting year for Evergreen Insurance with a 60% growth to your book of business. Tell us more about Evergreen’s rapid growth.

A: In 2016, Evergreen experienced very dynamic growth in both direct sales and offices. We moved to a larger office across the street and are now looking to open another office in the Midwest. We also closed on a successful insurance acquisition in 2016 which is a very exciting path to be on.

Q: What’s the biggest challenge when selling investment property insurance?

A: The balance between offering the client the cheapest insurance, yet making sure they have great coverage. Most clients don’t think about claims when purchasing insurance, yet when they do have a claim on an item they declined to purchase coverage for, the claim will be declined.

Q: When did you join the company?

A: I joined Evergreen as an equity partner in early 2015. Izzy and Sol liked the 15+ years of experience I had in my career as an acquisition and due diligence analyst for a real estate investment fund and my business experience as an owner of a successful payroll service. It’s been a great ride and I’m happy I made the move.

Q: What trends do you see in the market for real estate insurance?

A: Insurance premiums are down and that’s a good thing, but do expect to see an increase in premium during the second half of 2017 and in 2018. I would not be surprised if premiums increase as much as 12%-15% over the next 18 months.

Q: What do you consider the largest driving force of Evergreen’s success?

A: Our team, both on the executive level and the team on the ground. Hiring the right people is key, and we spend enormous resources finding the right talent.

Q: What’s the single most important feature you look for in an employee?

A: Good work attitude – it makes all the difference. I can train someone for anything technical and how to do the job, but I can’t train or force a good attitude.

Q: What is in the cards for the next 12 months?

A: Acquisitions. We purchased an agency in 2016 and we plan on closing on a few more this year. With each acquisition we gain access to new local markets around the country.

Q: Can you give us an example of how you were able to deliver better than any other insurance agency?

A: I’d love to. One that stands out recently is a garden style apartment complex with 3,500 units in San Antonio, TX. We saved our client $250,000 in annual premium, and coverage was superior. This is a typical example of how we do better than your Main St. agent selling real estate insurance. A week after we bound the policy, the client had a large fire in one building with a few million dollars loss. Izzy and Sol were on a plane the next day and met the insurance company at the damaged building; payout was fast, and there was no need for a public adjuster because our claims department acted as one. You do not get that from a Main St. agent. We saved the client a ton of money on this claim because there was no need for him to spend a few hundred thousand dollars on hiring a public adjuster.

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Read it in the NYREJ

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Miracles at Evergreen Insurance

Miracles at Evergreen InsuranceRockland County, NYFor any other insurance agency it would have been the stuff of nightmares.

It began with a frantic phone call on the morning of April 19th from a client, the head of a NYC group that purchases building in New York for Japanese investors. He needed insurance for a $10 million apartment building he was buying in Manhattan. Complicating the situation was the fact that this was a mixed-use building that hosts a high-end restaurant on its first floor. Insurers balk at covering buildings with restaurants, either significantly upping the cost of their coverage or refusing it outright.

But that wasn’t even his biggest problem.

Because it was a cash deal, the buyer had completely forgotten about taking out insurance on the building. And… he had already closed. Obtaining insurance on the building, normally a 2-3 week procedure, had to be completed NOW!

Unfazed, the underwriters at Evergreen Insurance and Risk Management got right to work. Before the day was out the client had a great coverage plan in place, and at an attractive price to boot. They even got the insurance company to agree to backdate coverage to the purchase date. It’s all in a day’s work for the insurance experts at Evergreen.

Evergreen Insurance & Risk Management Acquires New Jersey Based Insurance Agency

Izzy Green and Tom Sheridan

Izzy Green and Tom Sheridan

Evergreen Insurance & Risk Management, a leading national insurance brokerage for investment real estate announced today that it has acquired the assets of Sheridan & Company Group LLC and T.J. Sheridan & Co., Inc. Terms of the acquisition were not disclosed.

The deal closed September 7, 2016.  Headquartered in northern New Jersey with a satellite office in Las Vegas, NV, Sheridan is a commercial lines insurance provider, with a very large concentration on investment property insurance, real estate insurance and condo association insurance. Read more

Evergreen Insurance announces expansion with new office space

Evergreen Insurance & Risk Management New Offices

Rockland County, NY – Evergreen Insurance & Risk Management today announced the relocation to new office space to accommodate the rapid growth and future expansion plans.  The new office space located at 25 Robert Pitt Drive, Suite 200-F, Monsey, NY 10952 is across the street from the old space and will provide capacity for increased customer support, sales and services and leadership functions across the company.

According to CEO Izzy Green, “This is a perfect time for us to relocate. The new development will enable us to accommodate our clients more effectively and efficiently. The office space was designed with advanced technology to better serve our clients and staff”.

Working with Naomi Mamiye Interior Design, the firm designed the new office suite to include enhanced staff facilities and an improved work environment; “What the firm wanted, we were able to provide. There was a true synergy throughout the whole planning process”.

This expansion comes one year after Alan Pollak, COO joined Evergreen.  “We have seen the company grow by double digit numbers in the past 12 months and I am very excited about this move” says Sol Eisenberg, Evergreen’s co-founder.

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Evergreen Insurance & Risk Management was founded in 2009 by Izzy Green & Sol Eisenberg and has since grown to become the leading national provider for investment property & real estate insurance. Evergreen has been prominently featured in many leading real estate publications as the real estate and building insurance experts. 

Evergreen Welcome’s Alan Pollak as COO

Evergreen Insurance IconEvergreen Insurance announced that it has hired Alan Pollak as its new Chief Operating Officer, Izzy Green, the company’s CEO said on Thursday.

Alan is the perfect addition to the Evergreen group,” Izzy said. “With a focus on operational efficiency, Alan is uniquely qualified to drive strategic initiatives and accountability within the organization. I have tremendous confidence that Alan’s leadership skills and results-driven approach will be extremely valuable as Evergreen continues to grow.”

Chief Operating Officer Alan will be responsible for overseeing day-to-day operations and ensuring companywide alignment with competitive strategies to enhance marketplace execution and service delivery to Evergreen’s 2,200 customers.

Alan spent seven years as head of new ventures for Berkley Properties, a real estate investment firm with a portfolio of residential and commercial holdings nationwide.  In 2008, Alan founded ASP Payroll Service and recently sold the company to a strategic acquirer.

“I love real estate and I am a strong believer in delivering a personalized customer experience and involving team members in the company’s vision,” Alan said. “It’s exciting to join a company with values that align with my own.”

See How Evergreen Insurance Expanded In 2014

Hard to believe, but we already entered the 3rd quarter of 2014. Just wanted to say a quick hello and brief you on some of the recent developments at Evergreen Insurance.

Evergreen’s newest team members;

Fay Hochberg joined Evergreen on 1/1/2014 as head of accounting. Fay has more than 20 years of accounting experience.

Esther Tauber Joined Evergreen on 2/3/2014 as commercial real estate insurance underwriter. Mrs. Tauber brings great knowledge, experience and eagerness to meet the demanding insurance needs of the real estate industry. Most recently, Mrs. Tauber was hired to run Oxford Coverage’s commercial real estate office in Monsey, an insurance agency with offices in Brooklyn and New Jersey where she grew her client business to over $10 million in premiums. She started her career at IGI Insurance Agency in Brooklyn in 2006 where she served real estate owners and investors and took the agency from a young start-up to millions in premiums over the next six years.

Meir Mizrachi joined Evergreen on 5/6/2014 as a commercial real estate insurance agent. Meir doesn’t take no for an answer when trying to get his clients what they want.

Gitty Locker joined Evergreen on 6/9/2014 as customer service representative. With Gitty’s ‘can do’ attitude, all of Evergreen’s clients can be assured that they will get the royal treatment on any servicing matter required on their accounts.

Mark Eisenberg was promoted to senior broker on 5/29/2014. Mark Joined Evergreen in May of 2012 as a licensed agent at the commercial real estate insurance agency. Prior to joining Evergreen Insurance, Eisenberg was a Sales Rep at AWS (Advantage Wholesale Supply), a maintenance supply company who services the New York City building industry. In May of 2014 Eisenberg was promoted to Senior Broker. Eisenberg now represents many big property management companies and building owners in NYC and neighboring states. He is currently the insurance broker for 227 buildings where the majority of them are located in NYC.

In the news;

As part of being recognized as the leaders in real estate and building insurance, Evergreen is frequently featured in many prestigious real estate newspapers as the real estate insurance experts, as well as many tips on building risk management. See a complete list here: http://www.trustevergreen.com/blog/news/

 

Below is a map of the States that Evergreen is licensed in and specializes in insuring commercial buildings.

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New York, New Jersey, Illinois, Pennsylvania, Connecticut, Massachusetts, Maryland, Virginia, Kentucky, Tennessee, Alabama, Florida, Indiana, Ohio and Michigan

Wishing you a happy and healthy summer;

Izzy Green, President & CEO

Moshe Rotbard Joins Evergreen Insruance

Moshe RotberdEvergreen welcomes Moshe Rotbard as the latest sub-branch to the Evergreen team.

This is going to be something new to the company, since Moshe will be handling exclusively the accounts for Mark Eisenberg who was recently promoted to senior broker. And while generally there is separate departments for Underwriting, Admin Assistant, Customer Service, he will be handling it all for Mark. …

Moshe has 10 years of experience in office management, business administration, customer relations and more. He has always gone above his official title to get things done. We are happy to have him join the Evergreen family and contribute to the rapid growth of the company.

Mark Eisenberg Promoted To Senior Broker

Mark Eisenberg - Senior Broker at Evergreen InsuranceMark Eisenberg, 30, Joined Evergreen Insurance & Risk Management in May of 2012 as a licensed agent at the commercial real estate insurance agency.

Prior to joining Evergreen Insurance, Eisenberg was a Sales Rep at AWS (Advantage Wholesale Supply), a maintenance supply company who services the New York City building industry.

In May of 2014 Eisenberg was promoted to Senior Broker. Eisenberg now represents many big property management companies and building owners in NYC and neighboring states. He is currently the insurance broker for 227 buildings where the majority of them are located in NYC.

Mark hired Moshe Rotbard who will work as the underwriter on Marks accounts.

Below is a recommendation letter Mark received from one of his very satisfied clients: Read more

Evergreen Welcomes the State of Alabama

Alabama-State-FlagEvergreen Insurance is well known in the real estate industry as ‘the experts in real estate insurance’.

Evergreen is licensed and operates in most states in the Northeast, Midwest and Southeast.

We are happy to welcome the state of Alabama as our newest state to be licensed in. Now, building owners, landlords and property managers will be able to benefit from the great service and expertise Evergreen Insurance has to offer.

License No: 0691230

Click here to get a free quote on your building

Welcome Esther Tauber

Evergreen Insurance and Risk Management announced the appointment of Esther Tauber as account executive at the commercial real estate insurance agency headquartered in Monsey, NY.

“Mrs. Tauber brings great knowledge, experience and eagerness to meet the demanding insurance needs of the real estate industry,” said Everygreen President/CEO Izzy Green.

Most recently, Mrs. Tauber was hired to run Oxford Coverage’s commercial real estate office in Monsey, an insurance agency with offices in Brooklyn and New Jersey where she grew her client business to over $10 million in premiums.

She started her career at IGI Insurance Agency in Brooklyn in 2006 where she served real estate owners and investors and took the agency from a young start-up to millions in premiums over the next six years.

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Evergreen Insurance & Risk Management
25 Robert Pitt Drive #200-F
Monsey, NY 10952
845-789-4433