Since 1864, our valued clients have turned to Scott to serve as their advisor for workers’ compensation, property and casualty, employee benefits, wellness programs, bonds and private risk.
Scott Insurance celebrates being the only agency in the United States named a Best Practices Agency for the 30th consecutive year.
The Scott Cares Foundation is formed to allow employee owners and Scott Insurance to further support organizations in our communities committed to providing opportunities for youth, combatting hunger and poverty, and providing health and wellness education.
The Sydnor Building, named in honor of Walker Sydnor, opens in Lynchburg allowing for expansion of the corporate office.
Ace Navigator, a workplace incident app is introduced. Scott Richmond is named a Top Workplace by the Richmond Times Dispatch.
Scott opens its ninth office in Greenville, South Carolina. The Scott Charlotte office is also named a Best Place to Work by the Charlotte Business Journal.
As a leader in captive programs, Scott introduces its newest group captive, Select Partners.
Hutch Mauck assumes the presidency as Walker Sydnor retires.
The Scott Rx Advantage pharmacy program is introduced, saving clients 8-20% in their pharmacy spend.
Scott Benefit Services charters its first benefits captive insurance company.
In-house financial risk management services are added to enhance our actuarial underwriting offerings, helping organizations analyze specific cost drivers of their unique populations. Scott partners with Cost Reduction Technologies (CRT) to provide physical abilities testing to its clients for pre-employment screening and baseline evaluations to mitigate workers’ compensation costs. Today, Scott has 5 testing centers in Va., N.C. and Tenn.
Agency milestone reached as revenues surpass 30 million and more than 200 employee owners celebrate the 30th anniversary of their ESOP.
Expansion allows for the opening of a new office in Raleigh, NC.
Expansion allows for the opening of a new office in Nashville, TN.
Scott organizes its first captive insurance company in the Cayman Islands in October. This was a significant entry into the alternative market and has proven to be immensely successful.
The Health Risk Performance team is founded as a new proactive service to help businesses encourage and support healthy lifestyles for employees while managing and reducing benefits costs. Expansion continues with new branches opening in Charlotte, NC and Knoxville, TN.
ACE Navigation System- Scott’s proprietary loss cost management system ACE (Accountability for Claims Expenses) is introduced to clients. The unique system provides specialized accountability systems (CRISIS, DEFER, PADM) for all claims stakeholders, triggered by a predictive modeling tool called TRIAGE ®.
Scott opened its first office outside of Virginia in Greensboro, NC, under the management of Bret Grieves. Scott forms its Risk Performance Group- an interdisciplinary group of risk management professionals dedicated to working with Scott’s clients on preventing risk occurrences and controlling lost costs.
Hutch Mauck is hired to open a new office in Richmond, VA. Recognizing the need to drive creative strategies and solutions for the rising cost in healthcare, Scott expands its offerings to include Employee Benefit Services. Scott also develops a National Bond Program.
Architectural firm Wiley Wilson, a long-time Scott client, is hired to design the Corporate Headquarters in Lynchburg and the company moves to its current location at Old Graves Mill Road.
Bob Nein retires, and Walker Sydnor becomes president. Sydnor begins to actively build and grow Scott’s first true commercial lines talent pool, paving the way for the producer culture that exists today. The agency becomes 85% employee owned at this time.
Expanding business allows for the opening of a new office in Roanoke, Virginia.
An entrepreneurial company, Self-Insurance Services (SIS), is founded in Richmond, proving to be highly successful. SIS offers small and mid-size businesses the advantages that larger companies are afforded in purchasing Workers’ Compensation and has saved its members millions.
Scott’s Employee Stock Ownership Program (ESOP) is put into place by then president, Bob Nein. This decision is regarded as being extremely visionary on the part of Mr. Nein, as the concept of ESOPs had just been recognized by the federal government. Scott is one of the first corporations in the country to recognize this opportunity.
After building a clear vision, especially in terms of hiring exceptional talent (whether from within or outside the industry) as a critical part of the business, Raine Sydnor retires, selling his interest to Clay Chapman, Bob Nein, Bill McBratney, Leonard Morris, and Dick Royer.
Scott Insurance moves from The Lynch Building at 913 Main Street to the newly constructed “uptown” location of 2241 Langhorne Road, where the office remains until 1992.
Raine Sydnor along with his twin brother Clem worked behind the scenes to bring additional industries to the area, including Babcock & Wilcox.
Following Duvall Scott’s death, Mrs. Scott approached Mr. C. Raine Sydnor about purchasing the agency. Mr. Sydnor is a career life insurance agent with no particular knowledge of the property and casualty business, thus presenting him with a difficult decision to make. In July, he accepts. Even after having an offer to sell later that year, he holds to his decision and begins to build the values that exist in the company today.
Duvall Scott, in addition to his career in the insurance industry, was elected president of First Federal, served as a director of Lynchburg’s National Bank and was active in the local community.
An advertisement hangs outside the executive conference room which conveys the principles that drive Scott’s future direction and hold true to this day. The concept of offering a unique value-added package remains a corporate priority.
Theresa Craft, the first woman to be appointed to the Board of Directors, is named Corporate Secretary
As a result of James A. Scott bringing in his son, K. Duvall Scott, the agency is named James A. Scott & Son, Inc.
The agency is incorporated with headquarters in The Lynch Building at 913 Main Street, downtown Lynchburg.
James A. Scott has joined the firm.
Lynchburg City Directory notes that Peter J. Otey & Co. Underwriters “represents the largest and most reliable foreign and American companies doing business in the state.”
The Lynch Building at 913 Main Street becomes home to Scott.
The agency is founded by prominent Lynchburg businessman and Virginia state legislator Peter J. Otey. The earliest written record of business is dated 2 days after Lincoln’s re-election on November 10, 1864. With the Civil War blazing all around Lynchburg, the company issued a $10,000 policy to McDaniel-Irby for fire damage.