The Corporation Taking all the Right Risks and Turning Them Into Wealth…
Barney & Barney LLC is a leader in risk management consulting, employee benefits and insurance brokering. It is the largest privately held full service firm in the region offering clients specialized expertise in the areas of property and casualty, employee benefits, directors & officers, workers' compensation, retirement and wealth management services and loss control. Barney & Barney provides strategic solutions to the region's technology and life sciences companies, including emerging and established leaders in telecom, wireless and networking, healthcare, hospitality, construction and manufacturing. With over 215 insurance professionals, Barney & Barney is one of the few firms capable of working seamlessly across geographic and practice boundaries to deliver creative, proactive and custom-tailored programs worldwide.
Executive's name: Paul J. Hering
Title: CEO
Company name: Barney & Barney LLC
Address: 9171 Towne Centre Drive Suite 500, San Diego, Ca 92122
Phone: 800.321.4696
Web site: www.barneyandbarney.com
Founded: 1909
Prior experience: Underwriter with the Chubb Group of Insurance Companies
2004 revenues: $ 39 Million
2005 revenues: $ 43 Million
Average hours worked weekly: 40-50
Number of teammates: 215+
Residence: Rancho Bernardo
Family: Married with three children
Hobbies: Spending time with family, golfing
What got you into this business?
What makes your business a standout? Our people, our commitment to private ownership and our passion for giving back to the community in which we work.
Drawbacks to your line of business: None….it's a great business
How do you plan to grow? Barney & Barney is committed to strong, organic growth. This year the company expanded its operations with the opening of an Orange County office in Aliso Viejo. Hering's vision is to remain privately held, growing the company to include multiple offices across the State of California.
Ongoing challenges: Maintaining our corporate culture while the company continues to grow dramatically.
Best way to stay competitive: Continue hiring the best people who are at the top of their game and provide clients with programs that are forward-thinking, strategic and deliver more than expected.
In five years, where would you like your business to be? The dominant risk management consulting and insurance brokerage firm in California.
What does your company contribute to the Carlsbad community? Members of the firm are involved in the Carlsbad Chamber and we contribute to a variety of non-profits that make a difference in the lives of children and adults in need of special support.
What are your guiding principles? Accountability, integrity, excellence, and fairness in everything I do. Actions speak louder than words.
What would you change if you could do it all over again? Nothing. It's been a great ride.
Choice for a second career: Teacher
People you look up to and why: John Wooden….aside from being a UCLA grad and a big fan, John Wooden exemplifies those qualities in a leader that I admire: focus, excellence, servant leadership, etc.
Favorite movie: Braveheart
Favorite quotes: (1) As long as you deliver more than expected, you will always be in demand. (2) There's no limit to what a person can do so long as they don't mind who gets the credit.
Advice for new entrepreneurs: Great ideas are nothing without great execution. You've got to get things done. Also, surround yourself with people that are smarter than you.
Barney & Barney LLC is a leader in risk management consulting, employee benefits and insurance brokering. It is the largest privately held full service firm in the region offering clients specialized expertise in the areas of property and casualty, employee benefits, directors & officers, workers' compensation, retirement and wealth management services and loss control. Barney & Barney provides strategic solutions to the region's technology and life sciences companies, including emerging and established leaders in telecom, wireless and networking, healthcare, hospitality, construction and manufacturing. With over 215 insurance professionals, Barney & Barney is one of the few firms capable of working seamlessly across geographic and practice boundaries to deliver creative, proactive and custom-tailored programs worldwide.
Executive's name: Paul J. Hering
Title: CEO
Company name: Barney & Barney LLC
Address: 9171 Towne Centre Drive Suite 500, San Diego, Ca 92122
Phone: 800.321.4696
Web site: www.barneyandbarney.com
Founded: 1909
Prior experience: Underwriter with the Chubb Group of Insurance Companies
2004 revenues: $ 39 Million
2005 revenues: $ 43 Million
Average hours worked weekly: 40-50
Number of teammates: 215+
Residence: Rancho Bernardo
Family: Married with three children
Hobbies: Spending time with family, golfing
What got you into this business?
What makes your business a standout? Our people, our commitment to private ownership and our passion for giving back to the community in which we work.
Drawbacks to your line of business: None….it's a great business
How do you plan to grow? Barney & Barney is committed to strong, organic growth. This year the company expanded its operations with the opening of an Orange County office in Aliso Viejo. Hering's vision is to remain privately held, growing the company to include multiple offices across the State of California.
Ongoing challenges: Maintaining our corporate culture while the company continues to grow dramatically.
Best way to stay competitive: Continue hiring the best people who are at the top of their game and provide clients with programs that are forward-thinking, strategic and deliver more than expected.
In five years, where would you like your business to be? The dominant risk management consulting and insurance brokerage firm in California.
What does your company contribute to the Carlsbad community? Members of the firm are involved in the Carlsbad Chamber and we contribute to a variety of non-profits that make a difference in the lives of children and adults in need of special support.
What are your guiding principles? Accountability, integrity, excellence, and fairness in everything I do. Actions speak louder than words.
What would you change if you could do it all over again? Nothing. It's been a great ride.
Choice for a second career: Teacher
People you look up to and why: John Wooden….aside from being a UCLA grad and a big fan, John Wooden exemplifies those qualities in a leader that I admire: focus, excellence, servant leadership, etc.
Favorite movie: Braveheart
Favorite quotes: (1) As long as you deliver more than expected, you will always be in demand. (2) There's no limit to what a person can do so long as they don't mind who gets the credit.
Advice for new entrepreneurs: Great ideas are nothing without great execution. You've got to get things done. Also, surround yourself with people that are smarter than you.