PAK Insurance Programs, a specialty insurer of alcoholic beverage manufacturers and distributors, is celebrating their 25th anniversary in 2021. Founded in 1996 in New Jersey, PAK will mark its quarter century of incredible growth by announcing new programs, partnerships and sponsorships throughout 2021.
In 1996, PAK Insurance Programs insured its first business, a small liquor store in New Jersey. At the time, it only offered the Liquor PAK program, and since then has added Winery PAK (2008), Brewery PAK (2012), Cider PAK (2016) and Meadery PAK (2018). Over the years, PAK Programs has grown exponentially from a two person company to a team of more than a dozen. PAK has also seen its original four local agency/broker partnerships multiply to more than 500 across the country. Today, the company has proudly paid out losses of more than $100 million.
“This year, we are proud to celebrate our incredible growth and tenure alongside our agent and broker partners and our friends in the beverage industry,” said Larry Chasin, president of PAK Programs. “With their support, we’ve enjoyed tremendous growth over the years, expanding our products and services, advancing our technology – most recently with the launch of IRAD, our insurance Risk Assessment Drone – and cultivating our team talent to meet the changing needs of the marketplace. Stay tuned as we unveil a new program in a hot new market in the coming months, as well as new sponsorships and more.”
PAK team members plan to celebrate this important milestone with their clients as they can finally get back out into the field and spend time face-to-face with policyholders they’ve enjoyed relationships with for years. They are also looking forward to seeing their clients and friends as they return to the many events they have enjoyed attending and sponsoring over the years, including the Great America Beer Festival, Wine Symposium, CiderCon, Craft Brewer’s Conference and MeadCon.
About Pak Insurance Programs
Pak Insurance Programs is a leader in the design, administration and marketing of customized insurance programs for wineries and vineyards, breweries, wine and liquor retailers, cideries, meaderies, distilleries, and liquor and wine importers and distributors. Founded in 1996, Pak Programs combines a wealth of experience and expertise to form a dedicated team of specialists and offers the financial strength of partner Great American Insurance Group® with their A.M. Best Rating of A+ (Superior).