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Founders and Partners of MIT45 Currently in the Process of Creating an Insurance Company to Help Stabilize Secondary Markets

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Founders and Partners of MIT45 Currently in the Process of Creating an Insurance Company to Help Stabilize Secondary Markets

September 15
20:40 2022
Insurance providers in many markets are limited due to lack of access from financial institutions.

September 15, 2022 – Salt Lake City, UT – The owners of MIT45 are in the process of launching a new insurance company aimed to help solidify secondary markets. Insurance providers in many markets are limited due to lack of access from financial institutions creating a gap in the market. This is set to help companies in the markets develop more stable businesses and expand the market cap for the industry.

For the past 3 years, MIT45 has solidified their reputation as the Gold Standard in the industry. They were recently named a Top 3 Innovative Company in 2022. Also, LA Newswire recognized the company for the excellent workplace culture developed over a couple of years and for leading the charge for regulating the industry.

The owners of MIT45 have started the process of developing a new insurance company to provide expanded coverage and financial stability for secondary markets. The new insurance company will continue the growth and expansion of the ownership team as they continue to expand into new markets.

Currently, access to insurance in secondary markets is limited due to financial constraints largely because financial institutions (that help stabilize primary markets such as housing) are unable to provide capital that helps develop and stabilize markets. According to bizjournals.com, “The business insurance market had been considered soft for nearly 15 years but is now trending towards a hard market. When the market begins to harden, it is critically important to have a strong insurance broker on your side. They will be able to help you to: assess appropriate coverage levels for your business, review claims history, identify optimal carrier partnerships, and implement risk management and training programs.”

According to the partners of MIT45 and South Sea Ventures, their decision was based on the following, “We saw a need in the market for a company that could provide insurance for secondary markets that don’t currently have access,” said MIT45 partner and CEO Ryan Niddel. “With our experience in multiple industries, we are confident that we can help stabilize these markets and support its continued growth.”

MIT45 has been at the forefront of the industry and consistently pushing the boundaries of growth, and the latest steps the owners are taking to advance other industries continues this progression.

You can learn more about MIT45 by going to MIT45. To learn about MIT45 wholesale opportunities and why it is the fastest-growing brand in convenience stores, go to Mit45Merchants.com

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