Insurance Systems Group INC
Based on public information · Profile not yet claimedIndependent agency
Offices: Cleveland & Warren · OhioInsurance Systems Group INC is an independent insurance agency licensed in Cleveland, OH. Its website lists offices in Cleveland, Warren. Lines listed: Insurance, Risk Management and Financial Services. Founding or history: 1935. Agency Match assessments based on public information: Looking to Buy high; Business Partnerships medium. 41 publicly sourced facts with links.
How we determined the info on this profile
- License record: taken from the state license roster.
- Offices: based on offices listed on the agency's website. More than one office can count toward the Looking to Buy score.
- Lines of business: based on text on the agency's website. They can count toward the Strategic Partnership score.
- Leadership: based on text on the agency's website. It can count toward the Mentorship & Peer Connection score.
- Carrier partnerships: based on carriers named on the agency's website.
- Looking to Buy: scored from documented acquisitions, growth and offices on the public record.
- Open to Selling: not enough public facts for a score.
- Mentorship & Peer Connections: not enough public facts for a score.
- Business Partnerships: scored from specialties, markets and carriers published on the agency's website.
Research
Detailed profile
Geography
2 documented offices
Ownership events
3
Ownership
Not confirmed
Agency Match assessments
Agency Match uses public information and a proprietary scoring model to identify possible business opportunities. Ratings indicate potential, not confirmed interest, unless explicitly noted.
Looking to Buy
High · 65Public signs the agency buys or absorbs other agencies: past acquisitions, growth by acquisition, added offices and the depth to integrate a book.
Agency Match score: 65/100 · Medium confidence: 3+ public facts
Why: Documented acquisition of another agency; two or more documented offices; three or more named leaders
- Documented acquisition of another agency · Beardsley Agencyinsurancesystemsgroup.com
- Two or more documented offices · Cleveland, OHinsurancesystemsgroup.com
- Three or more named leaders · Michael G. Herzak, Presidentinsurancesystemsgroup.com
- Public history of 15+ years in business or in the industry · 1935insurancesystemsgroup.com
What this rating was based on (4 factors)
Based on public information. Points come from a fixed rubric. The score is a sum of points, not a probability. Confidence is shown separately and does not change the rating.
- Documented acquisition of another agency+35 pts
- Beardsley Agencyinsurancesystemsgroup.com
- Two or more documented offices+15 pts
- Cleveland, OHinsurancesystemsgroup.com
- Warren, OHinsurancesystemsgroup.com
- Three or more named leaders (supporting)+10 pts
- Michael G. Herzak, Presidentinsurancesystemsgroup.com
- Michael G. Herzak II, Vice Presidentinsurancesystemsgroup.com
- Daniel C. Herzak, Vice Presidentinsurancesystemsgroup.com
- Public history of 15+ years in business or in the industry (supporting)+5 pts
Total: 65 points → Agency Match score 65/100, rated High (High at 60+, Medium at 35+).
Confidence (separate from the rating): Medium confidence: 3+ public facts · 7 facts from 1 website.
Not known publicly: Whether the agency is buying now and at what size; Financing and integration capacity.
Open to Selling
Acquisition Research Fit
Low · 10Acquisition Research Fit is low. Formation year 1935 is on a verified record (91 years in operation). Two documented office cities. Market segment A is descriptive context. The rating stays Low because years in operation and size are a business profile, not a transition. This is not a statement that the agency wants to sell.
- Formation year 1935 is on a verified record (91 years in operation). Verified · +8 ptsinsurancesystemsgroup.com
- Two documented office cities. Market segment A is descriptive context. Verified · +2 ptsinsurancesystemsgroup.com
Confidence: low. Separate from the rating.
Not on file: Owner tenure is not established; No internal succession document; Confirmed sale interest is unknown.
Confirmed sale interest: Unknown
Mentorship & Peer Connections
Insufficient EvidencePublic signs of industry standing and willingness to share know-how: association leadership, teaching, memberships, recognition and tenure.
Why: Public history of 15+ years in business or in the industry; public history of 30+ years in business or in the industry; three or more named leaders
- Public history of 15+ years in business or in the industry · 1935insurancesystemsgroup.com
- Public history of 30+ years in business or in the industry · 1935insurancesystemsgroup.com
- Three or more named leaders · Michael G. Herzak, Presidentinsurancesystemsgroup.com
What this rating was based on (3 factors)
Based on public information. Points come from a fixed rubric. The score is a sum of points, not a probability. Confidence is shown separately and does not change the rating.
- Public history of 15+ years in business or in the industry (supporting)+10 pts
- Public history of 30+ years in business or in the industry (supporting)+5 pts
- Three or more named leaders (supporting)+5 pts
- Michael G. Herzak, Presidentinsurancesystemsgroup.com
- Michael G. Herzak II, Vice Presidentinsurancesystemsgroup.com
- Daniel C. Herzak, Vice Presidentinsurancesystemsgroup.com
Total: 20 points → Insufficient Evidence: a rating needs at least two facts including one core factor for this assessment.
Confidence (separate from the rating): not given without a rating · 5 facts from 1 website.
Not known publicly: Whether the principals want to mentor or be mentored.
Business Partnerships
Medium · 50Public signs the agency would complement others: niche specialties, referral or partner relationships, broad carrier access, both personal and commercial lines, and regional reach.
Agency Match score: 50/100 · Medium confidence: 3+ public facts
Why: Niche specialty line documented; three or more carriers named; several documented lines of business
- Niche specialty line documented · Home, Auto, Life, Health, Medicare, Umbrella, Personal Articles, Private Client Group, Commercial Property, Coinsurancesystemsgroup.com
- Three or more carriers named · Motorists Insurance Groupinsurancesystemsgroup.com
- Several documented lines of business · Insurance, Risk Management and Financial Servicesinsurancesystemsgroup.com
- Two or more documented offices · Cleveland, OHinsurancesystemsgroup.com
What this rating was based on (4 factors)
Based on public information. Points come from a fixed rubric. The score is a sum of points, not a probability. Confidence is shown separately and does not change the rating.
- Niche specialty line documented+20 pts
- Home, Auto, Life, Health, Medicare, Umbrella, Personal Articles, Private Client Group, Commercial Property, Commercial Cinsurancesystemsgroup.com
- Three or more carriers named+15 pts
- Motorists Insurance Groupinsurancesystemsgroup.com
- Grange Insurance Companiesinsurancesystemsgroup.com
- Westfieldinsurancesystemsgroup.com
- Cincinnati Insuranceinsurancesystemsgroup.com
- Encovainsurancesystemsgroup.com
- Chubbinsurancesystemsgroup.com
- Safecoinsurancesystemsgroup.com
- Travelersinsurancesystemsgroup.com
- Hartfordinsurancesystemsgroup.com
- West Bendinsurancesystemsgroup.com
- National Generalinsurancesystemsgroup.com
- Hagertyinsurancesystemsgroup.com
- Several documented lines of business (supporting)+10 pts
- Insurance, Risk Management and Financial Servicesinsurancesystemsgroup.com
- Commercial and personal insurance, life, benefits, bonds, and financial servicesinsurancesystemsgroup.com
- Insurance, Risk Management and Financial Servicesinsurancesystemsgroup.com
- Lines of business: Church Programsinsurancesystemsgroup.com
- Two or more documented offices (supporting)+5 pts
- Cleveland, OHinsurancesystemsgroup.com
- Warren, OHinsurancesystemsgroup.com
Total: 50 points → Agency Match score 50/100, rated Medium (High at 60+, Medium at 35+).
Confidence (separate from the rating): Medium confidence: 3+ public facts · 19 facts from 1 website.
Not known publicly: Which partnerships the agency would welcome; Carrier appointments not published online.
Record & channel
Ohio resident business-entity license (NPN 2213218), licensed at Cleveland, OH
gateway.insurance.ohio.govIndependent agency
“As an independent agency, we represent many of the finest insurance companies around, both regionally and nationally.”insurancesystemsgroup.com
Not confirmed. Names on a website or license are not treated as proof of who owns the agency.
Website: www.insurancesystemsgroup.com
Locations & footprint
Cleveland, Ohio
Operating office
Warren, Ohio
Operating office
Documented offices are not necessarily the full service area. Acquisitions do not establish additional offices.
Highlights
Story so far
- —
Beardsley Agency
Published - —
DC Insurance Agency
Published - —
Tower Insurance Agencies, Inc.
Published
People & affiliations
Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.
Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.
Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.
Michael G. Herzak CIC, CPIA, MLIS, CRMCS President
Michael G. Herzak II CIC, CRM, CPIA, MLIS Vice President
Daniel C. Herzak CIC, CRM, CPIA, MLIS Vice President
Names & entities
Legal name on license record
Facts from published sources (41 verified, 3 unverified)
1935
“Providing Insurance, Risk Management and Financial Services since 1935.”insurancesystemsgroup.com
Insurance, Risk Management and Financial Services
“Providing Insurance, Risk Management and Financial Services since 1935.”insurancesystemsgroup.com
Home, Auto, Life, Health, Medicare, Umbrella, Personal Articles, Private Client Group, Commercial Property, Commercial Casualty, Management Liability, Liquor Liability, Churches, Manufacturers, Construction, Service Contractors, Bonds, Restaurants & Caterers
“Services We Offer Home Auto Life Health Medicare Umbrella Personal Articles Private Client Group Commercial Property Commercial Casualty Management Liability Liquor Liability Churches Manufacturers Construction Service Contractors Bonds Wholesalers / Distributors Restaurants & Caterers”insurancesystemsgroup.com
1935
“Tracing its roots back to 1935, Insurance Systems Group, Inc. (ISG), was founded by the late Michael Herzak Jr. in Cleveland, Ohio.”insurancesystemsgroup.com
Cleveland, Ohio
“Tracing its roots back to 1935, Insurance Systems Group, Inc. (ISG), was founded by the late Michael Herzak Jr. in Cleveland, Ohio.”insurancesystemsgroup.com
Michael G. Herzak, President
“Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.”insurancesystemsgroup.com
Michael G. Herzak II, Vice President
“Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.”insurancesystemsgroup.com
Daniel C. Herzak, Vice President
“Insurance Systems is currently led by Michael G. Herzak, President, and his two sons, Vice Presidents Michael G. Herzak II and Daniel C. Herzak.”insurancesystemsgroup.com
Motorists Insurance Group
“This agency represented the Motorists Insurance Group and was a charter agency for Grange Insurance Companies, both headquartered in Columbus, Ohio.”insurancesystemsgroup.com
Grange Insurance Companies
“This agency represented the Motorists Insurance Group and was a charter agency for Grange Insurance Companies, both headquartered in Columbus, Ohio.”insurancesystemsgroup.com
Independent agency
“As an independent agency, we represent many of the finest insurance companies around, both regionally and nationally.”insurancesystemsgroup.com
Commercial and personal insurance, life, benefits, bonds, and financial services
“Our scope of operations includes commercial and personal insurance as well as life, benefits, bonds, and financial services.”insurancesystemsgroup.com
Beardsley Agency
“In fact, through a number of acquisitions such as the Beardsley Agency in Warren, Ohio, the DC Insurance Agency in Parma, OH, the Tower Insurance Agencies, Inc. of Brook Park, Ohio, and most recently the Brad May & Associates Agency in Brecksville, OH, Insurance Systems Group positioned itself as one of the larger independent agencies in northeast Ohio.”insurancesystemsgroup.com
DC Insurance Agency
“In fact, through a number of acquisitions such as the Beardsley Agency in Warren, Ohio, the DC Insurance Agency in Parma, OH, the Tower Insurance Agencies, Inc. of Brook Park, Ohio, and most recently the Brad May & Associates Agency in Brecksville, OH, Insurance Systems Group positioned itself as one of the larger independent agencies in northeast Ohio.”insurancesystemsgroup.com
Tower Insurance Agencies, Inc.
“In fact, through a number of acquisitions such as the Beardsley Agency in Warren, Ohio, the DC Insurance Agency in Parma, OH, the Tower Insurance Agencies, Inc. of Brook Park, Ohio, and most recently the Brad May & Associates Agency in Brecksville, OH, Insurance Systems Group positioned itself as one of the larger independent agencies in northeast Ohio.”insurancesystemsgroup.com
1935
“Providing Insurance, Risk Management and Financial Services since 1935.”insurancesystemsgroup.com
Insurance, Risk Management and Financial Services
“Providing Insurance, Risk Management and Financial Services since 1935.”insurancesystemsgroup.com
Lines of business: Church Programs
“Church Programs”insurancesystemsgroup.com
Acquisition: Its growth has been centered on three principles: exceptionally service our customers, attract new business, and acquire other agencies looking to improve customer experience or perpetuate.
“Its growth has been centered on three principles: exceptionally service our customers, attract new business, and acquire other agencies looking to improve customer experience or perpetuate.”insurancesystemsgroup.com
Show 3 unverified facts (did not pass QA)
Michael G. Herzak - President
“Michael G. Herzak CIC, CPIA, MLIS, CRMCS President”
QA note: Unverified: testimonial context. Shown for transparency; not treated as a fact.
insurancesystemsgroup.comMichael G. Herzak II - Vice President
“Michael G. Herzak II CIC, CRM, CPIA, MLIS Vice President”
QA note: Unverified: testimonial context. Shown for transparency; not treated as a fact.
insurancesystemsgroup.comDaniel C. Herzak - Vice President
“Daniel C. Herzak CIC, CRM, CPIA, MLIS Vice President”
QA note: Unverified: testimonial context. Shown for transparency; not treated as a fact.
insurancesystemsgroup.com