STATEN ISLAND, N.Y. — With restricted occasions DJs can work as a result of strict state laws in the course of the coronavirus (COVID-19) pandemic, Anthony Gerardi wanted to seek out one other technique to generate profits.
Having additionally labored within the insurance coverage enterprise for the final 5 years, the co-owner of Companions in Sound Productions — considered one of Staten Island’s largest leisure firms that gives DJs and reside leisure across the Tristate space — launched Tungsten Insurance coverage Company in Rossville in May.
He partnered with fellow co-owners of Companions In Sound and Professional Sho Productions, Massimo DiDonna, Frank Provenzano and Michael Gregorio, to upstart the company.
“I started working for my friend, Dominick Famulari, who took me under his wing and taught me the business about five years ago. He convinced me and pushed me to go to school to get my licensing,” mentioned Gerardi. “When the pandemic happened, we became uncertain at Partners in Sound when we could go back to work, so that’s what put me over the edge and pushed me to commit to this full-time.”
Whereas he mentioned he’d by no means depart the leisure trade, Gerardi wanted to “diversify” and complement his “stream of income” as he awaits the state to ease mandates on massive events with dancing. At the moment, gatherings of greater than 50 persons are prohibited throughout New York state, and dancing at even small affairs is prohibited, which lessens the necessity for DJs on the few events which can be occurring in the course of the pandemic.
INSPIRED BY HIS GRANDFATHER
Impressed by his grandfather, Anthony Panuthos, who was within the insurance coverage enterprise for greater than 40 years, Gerardi mentioned he views the trade as a strong and a secure enterprise.
“Any time I went to my grandfather’s house when I was growing up, he was always working with clients,” he recalled. “He was very disciplined. He put a lot of time into the business.”
And what Gerardi realized from a younger age is that serving to somebody together with his or her insurance coverage wants is a vital job.
“Insurance coverage is one thing everybody wants. And you’re actually, actually serving to individuals by insuring their houses and their companies, so for me it was a straightforward resolution,” he mentioned.
“It’s an trustworthy enterprise — not probably the most glamorous enterprise. However it’s one thing that may at all times be round.”
Providing private and industrial insurance coverage, in addition to life and well being, Gerardi is appointed by New York Life Insurance coverage. “All my health insurance and annuities are done through New York Life Insurance,” he mentioned.
CHALLENGES DURING THE PANDEMIC
However upstarting a enterprise throughout a worldwide pandemic wasn’t simple.
“Right now, business owners are conscious about every penny. They don’t have the extra money to spend,” mentioned Gerardi. “On the business side, many people are closing and cancelling their insurance. But on the life insurance end of it, I see an increase. I think because people are concerned about what’s going on, they want to make sure they are properly covered in case something happens.”
And Gerardi mentioned there are numerous parallels between his two companies.
“Both the DJ and insurance businesses are the same in the way that both are client-based businesses that require a lot of attention to detail,” he mentioned.
TUNGSTEN INSURANCE AGENCY AT A GLANCE
Deal with: 18 Hervey Street, Suite A
Web site: www.tungstenins.com/
Fb: www.fb.com/pages/class/Insurance coverage-Dealer/Tungsten-Insurance coverage-Company
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