Business Details
50+ Years
experience
Your Trusted Partner for Insurance Solutions in Waco, TX
Bailey Insurance & Financial Services has served clients with integrity and expertise since 1956. Founded by Bill Bailey, our agency prioritizes personalized service over sales tactics, offering tailored insurance solutions for businesses and individuals. Our team includes Certified Insurance Counselors, Risk Managers, and professionals with diverse industry backgrounds, ensuring comprehensive coverage strategies.With over 65 years of experience, we remain committed to modernizing our services while upholding the values of honesty and client-centric support that defined our founding. Ranked in the top 5% of U.S. independent agencies, we specialize in property and casualty insurance, employee benefits, and risk management for diverse industries including manufacturing, construction, and healthcare. Our membership in national and state insurance associations underscores our dedication to industry excellence and ongoing professional development.
Services
Property and Casualty
Employee Benefits
Risk Management
Business Insurance
Personal Insurance
Details
- Year established: 1956
Highlights and features
- We have over 65 years of experience in insurance and risk management.
- Our team includes Certified Insurance Counselors and Certified Risk Managers.
- We prioritize client needs over sales pitches with personalized service.
- Ranked in the top 5% of U.S. independent insurance agencies by premium volume.
- We offer tailored coverage strategies for diverse industries including manufacturing and healthcare.
Associations and certifications
- Independent Insurance Agents & Brokers of America
- Independent Insurance Agents of Texas
- National Association of Health Underwriters
Services
Property and Casualty
Our property and casualty insurance protects businesses from financial losses due to property damage, liability claims, or operational disruptions. We offer customized coverage options for diverse industries, ensuring protection against risks like fire, theft, and natural disasters. Our independent agency status allows us to source competitive policies that balance comprehensive protection with affordability.
Employee Benefits
We design employee benefit packages that help businesses attract and retain talent while managing costs. Our expertise in Texas health insurance and retirement plans ensures compliance with regulations while meeting workforce needs. We analyze market trends to recommend competitive coverage options that balance quality care with budgetary constraints for employers.
Risk Management
Our risk management services identify potential threats to business operations and implement mitigation strategies. We develop customized plans to address liability, regulatory compliance, and disaster preparedness challenges. By proactively addressing risks, we help businesses maintain stability and focus on growth while minimizing potential disruptions.
Business Insurance
We provide comprehensive insurance solutions for businesses of all sizes, including liability protection, property coverage, and specialized policies for industry-specific risks. Our team works closely with clients to understand their unique needs and recommend cost-effective policies. With access to multiple carriers, we ensure businesses receive tailored protection that evolves with their operations.
Personal Insurance
Our personal insurance services offer customized coverage for homeowners, auto owners, and individuals seeking liability protection. We help clients safeguard their assets through policies that adapt to life changes while maintaining affordability. Our advisors provide clear explanations of coverage options to ensure informed decision-making for long-term security.
People
Wes Bailey
Chairman
Wes Bailey leads with over 40 years of insurance experience, upholding his family's legacy of ethical service. He focuses on strategic growth while maintaining client relationships built on trust and transparency.
John Pegram
President
John Pegram, a licensed attorney and Certified Insurance Counselor, directs operations with legal expertise and industry knowledge. He ensures compliance while advancing innovative insurance solutions for commercial clients.
Erin Bailey Simpson
Commercial Lines Manager
Erin Bailey Simpson specializes in commercial insurance with a focus on construction and manufacturing sectors. Her Certified Insurance Counselor designation supports data-driven risk assessments for business clients.
Mark McCunniff
Vice President
Mark McCunniff develops risk management strategies for institutional clients, leveraging his 25+ years in insurance. He prioritizes client education to ensure informed coverage decisions aligned with organizational goals.
Larry Wayman
Certified Risk Manager
Larry Wayman specializes in complex risk assessments, holding both CIC and CRM designations. He designs mitigation plans for businesses facing unique liability challenges across multiple industries.
Questions
What types of insurance do you offer?
We specialize in property and casualty insurance, employee benefits, and risk management solutions for businesses and individuals.
How are you different from other insurance agencies?
We combine over 65 years of experience with certified professionals who prioritize personalized service over sales tactics.
Do you serve businesses outside Waco?
Yes, while based in Waco, we serve clients across Central Texas and beyond with tailored insurance strategies.
What industries do you work with?
We serve diverse industries including manufacturing, construction, healthcare, retail, and institutional organizations.
How do you handle insurance claims?
We guide clients through the claims process with dedicated support to ensure timely, fair resolutions for covered losses.
