The Grace Agency
Ted GraceTed Grace decided after 13 years in the insurance business to strike out on his own in 1996, starting The Grace Agency. Already he has landed some large commercial customers: Meyer's Bakeries Inc., Garver & Garver Inc. and Pro Transportation Inc. in Little Rock; Southern Refrigerated Transport in Ashdown; and United States Forgecraft Corp. in Fort Smith.
"I felt like the larger agencies in the state were internally focused instead of focused on their clients," the 38-year-old Grace says, explaining why he started the firm. "We felt we could provide services at a higher level with the same or better expertise."
Grace hasn't stopped with his agency, which specializes in commercial insurance and risk management needs. Within the past six months, he has started Allnet, a claims company that allows employers to file claims over the Internet.
"We developed the product about two years ago and in the past six months have sold it to several of the large [third-party administrators] and several large [insurance] carriers," Grace says.
The nationwide product has unlimited potential, Grace says.
"Allnet could dwarf The Grace Agency [eventually]," Grace says. "If it does the projections we think it will do, I'll have to figure out what I'm going to do with The Grace Agency."
Grace is on the board of the Centers for Youth & Families.
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