Moving from captive to independent agency status. As a captive agent, you enjoy a secure and supportive environment. Your parent company provides office support including HR, marketing, administrative functions and a range of other services. Captive status works well for many agencies but you may … [Read more...] about Transitioning from a Captive to Independent Agency
There are at least two ways to grow your business. You can expand organically over time, adding to your bottom line client-by-client. Or you can grow rapidly through acquisition. Acquiring the right book of business or agency can skyrocket revenues and profits. It can also broaden the size, scope … [Read more...] about Preparing Your Insurance Agency for Acquisition Lending
There is little argument that if you can double your agency’s premium book, the inherent renewal economics will more than double income. The first question is; how do you grow to double your premium book? Keeping in mind that the growing comes before the doubling, you have to figure out how to pay … [Read more...] about Funding Your Agency’s Growth: Equity or Debt?