Templeton Academy, a family of private secondary schools, has been reinventing how students learn, focusing on project-based learning (PBL), core advisory (social emotional awareness), and experiential excursions that allows students to dynamically interact with major metro areas and develop their own way of being a lifelong learner. Their journey, marked by innovation and rapid expansion, underscores their commitment to bringing students a novel learning experience.
The Challenge:
As Templeton Academy grew, they began to outgrow their traditional insurance brokerage. More complex policies, combined with time-sensitive requests posed significant hurdles for them to feel confident in the abilities of their current brokerage. Without actively monitoring their risk, Templeton Academy’s original brokerage allowed policies to renew without shopping them for best rates. There was also no central payment system to keep their policies in one place, leading to crucial policies non-renewing and leaving Templeton Academy at-risk. Despite efforts to find solutions tailored to their unique needs as a school with their previous broker, Templeton Academy struggled to find an effective solution.
The Results From Working With Sparx:
A 24.3% savings on their insurance policies.
A turnaround of just 24 hours for each policy purchase.
Access to Sparx’s proprietary platform to monitor their insurance policies, which shopped original quotes against 150 insurance partners in a day, culminating in a policy with superior coverage at a lower price.
This strategic approach not only saved Templeton Academy a significant amount on their policy but also provided them with a brokerage partner that worked more like a member of the team.
The Solution:
Enter Sparx. Known for their innovative approach to business insurance, Sparx took on Templeton Academy’s challenge with gusto. Within an impressive 24-hour timeframe, Sparx provided quotes for Templeton Academy’s range of coverages, including Cyber, General Liability, and Workers’ Compensation. The real game-changer was Sparx’s ability to auto-shop these policies across their network of 150+ carrier partners, optimizing for the most comprehensive coverage at the lowest price. By automating this process, Sparx was also able to monitor Templeton Academy’s insurance policies, ensuring that a policy would never non-renew again and keeping Templeton Academy up-to-date on their protection.
"We had such a superior experience working with Sparx over our original broker. While we felt ignored with our original group, Sparx feels like an extension of our team. I know I can rely on them to quickly turn around any insurance needs for us. I feel like Templeton Academy is kept safer as a Sparx customer."
Templeton Academy’s story is a testament to Sparx’s ability to understand and address the unique needs of modern businesses. Sparx continues to redefine the landscape of business insurance, offering solutions that are not only cost-effective but also deeply aligned with the operational realities of their clients. Whether you’re a small startup or an innovative school system, Sparx’s innovative approach can transform the way you manage insurance, just as it did for Templeton Academy.