12. Erie Insurance:
Erie Insurance is a car insurance company in the United States providing automobile, house, business, and life insurance through a network of licensed insurance brokers. As of 2019, Erie Insurance Group listed 381th of the top public U.S. corporations in sales, Fortune Magazine.
In three months and 20 days, the two persuaded 90 partners to invest through a hand-written business strategy, collecting $31,000 to launch their car insurance firm.
Erie Insurance markets its insurance solely through a network of over 2,000 local companies and more than 10,000 accredited employees. In a February 2013 interview with Erie Times-News, CEO Terry Cavanaugh affirmed the company’s dedication to this sales platform, while acknowledging the value of allowing consumers to pay bills and make claims electronically.