Market Leadership As Minnesota's leading self-insured workers' compensation fund exclusively serving the construction industry, TBG holds a strong position that can be leveraged to introduce innovative insurance solutions tailored for construction firms across other regions.
Customer Retention With a high 97% member retention rate, TBG demonstrates strong client loyalty, creating opportunities to cross-sell additional insurance products or customized service packages aimed at long-term partnership growth.
Strategic Partnerships Recent partnership with Workcompcollege indicates TBG’s openness to collaborate on industry training and education initiatives, paving the way for joint offerings that enhance client engagement and value, potentially leading to new revenue streams.
Financial Scale Generating $100 million to $250 million in revenue with a relatively small team suggests operational efficiency and potential capacity for expansion into adjacent insurance markets or increased service offerings within the construction sector.
Tech Adoption Utilizing a modern tech stack, including WordPress and data integration tools, signifies TBG’s digital readiness, which provides a foundation for developing digital sales channels, client portals, and data-driven sales initiatives to reach more construction firms.