For more information about LD&B Insurance Services, visit www.ldbinsurance.com, call 540-433-2796, or email arhodes@ldbinsurance.com. Public business address: 205 South Liberty Street, Harrisonburg, VA 22801. Service area: Harrisonburg
Business & Innovation · Business feature
At LD&B, employee ownership reaches into the Shenandoah Valley community
Each month, employees at LD&B help choose a local charitable organization to highlight. It is a practical expression of an unusual feature of the insurance agency: the people working there also own the business.
Each month, employees at LD&B help choose a local charitable organization to highlight. It is a practical expression of an unusual feature of the insurance agency: the people working there also own the business.
Founded in 1974, LD&B is a fully employee-owned, independent agency serving the Shenandoah Valley and beyond. Its Harrisonburg presence is part of a business offering personal and commercial insurance, employee benefits, individual health coverage and related services.
Independence gives the agency access to policies from multiple insurance companies. LD&B says it works with more than 80 carriers, allowing its advisors to compare options rather than offering only one insurer's products. The appropriate coverage still depends on a client's circumstances, and the agency's process begins with a conversation about those needs.
That work can cross several parts of a household or business. A family may be discussing a home and vehicles, while an employer may need commercial coverage and employee benefits. Bringing those services into the same organization gives advisors a way to coordinate the discussion.
Employee ownership adds another dimension to the agency's identity. Through its employee stock ownership plan, staff members participate in the company's ownership, connecting their work to the business's long-term direction. LD&B describes professional development and benefits as part of that approach to building its team.
The community program, LD&B Cares, extends the connection outside the office. Employees nominate charities, with the agency highlighting organizations whose work includes child care, food assistance, animal welfare and other local needs. Its October selections include Page One and Open Door Food Pantry.
More than five decades after its founding, LD&B's profile combines the everyday work of insurance with a distinctive ownership model. Its advisors serve people and businesses in the same region where the employee-owners live, and its charitable selections give those employees a role in identifying community priorities.
