DSP Insurance Services, a Schaumburg, Illinois-based agency, is standing out by choosing to grow from within rather than selling to bigger firms. While many agencies its size are being acquired, DSP is focused on staying independent and investing in its own people.
Taylor Virgil, president of DSP, says the agency spends a lot of time developing talent from the inside. “We have clear paths for employees to move up, and we’ve worked hard on this over the past two years,” he explained. This approach seems to be working. DSP recently earned the Gold Award for Best Agency to Work For in the Midwest, with employees praising the company’s teamwork, integrity, and care for staff well-being.
Virgil’s own background is different from many leaders in insurance. He started out as an engineer and learned that good communication and understanding within teams are key to success. DSP reflects this with biannual all-agency meetings where they share detailed performance numbers and a profit-sharing program tied to the agency’s results.
Employees appreciate the open communication culture at DSP, which helps them serve clients better. The agency has also updated roles, titles, and salaries to make room for growth from within. Financial benefits like increased 401(k) matching, profit sharing, and medical contributions have been added to support the team.
Work-life balance is another area where DSP shines. The company offers remote work options and is flexible when employees need time off, even on short notice. One employee shared how much reassurance it gives to know the agency supports personal needs rather than enforcing strict time-off rules.
Overall, DSP Insurance Services is proud of its choice to remain independent. Employees share a strong commitment to providing timely and expert advice to clients, making the agency a place where people are glad to work and grow together.