The Agency Perpetuation Process
There are many things to consider when perpetuating your insurance agency. As there are many moving parts and the planning and execution can take several years, time is of the essence. This article will be the first in a series that discusses the various big picture questions to consider as you plan to perpetuate your…
Help! I’m Not Getting Profit-Sharing This Year. What Effect Will It Have on My Agency Value?
Unfortunately, you may be one of the many agencies not receiving profit-sharing due to the inflated loss ratios caused by the hard market. While this will have an impact on your value, the good news is the hard market is likely temporary and should not have a profound impact on the value of your agency…
Contingency Performance Trends
It is contingency season and like any bonus, it can either bring excitement or disappointment. Given the current hard market conditions, contingency season has brought more disappointment than excitement. In this article, we will break down contingency performance for small- to mid-size agencies as it relates to a percentage of annual revenue. Spoiler alert: with…