Description: Founded in 1919, Otterstedt Insurance Agency offers insurance and financial services. Specialties include complex insurance policies for municipalities, as well as bonds and surety products for public entities. A concierge insurance division, called APE X, meets the insurance needs of high-net-worth individuals. A policy of promoting from within has created a workplace culture of high loyalty and low turnover.
Philanthropy: The company contributes to a wide variety of organizations, including the Muscular Dystrophy Association and Karen Ann Quinlan Hospice. Other beneficiaries include HackensackUM C Foundation, the American Lung Association and a range of youth sports leagues.
Contributors to Success: Avoiding price wars for insurance and focusing instead on providing the best and most comprehensive insurance options.
Memorable Compliment: Many customers have said, "If I didn't own my own business, I would want to work for Otterstedt."