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 […]
The Outsized Impact of Contingent Income
In our last article, we noted the impact of contingent income on agency profitability. We found that 34.3% of the agencies in our database rely on contingent income to be profitable, and that too many agencies are running their businesses as though contingent commissions are guaranteed each year. To further emphasize the importance income to […]