Agency Management

The Birth of YourAgency.com

Yes, they’re failing… the DotComs are going under by the droves, and if you’ve been reading the news, you’re even LESS inspired than ever to build a web site, or…

Joint fundraising. Attracting specialists to work and financing them. Corporation, joint venture. Team building to make a profit.

The Danger of Not Reporting Claims

When automobile claims come in we always talk to the insured about the benefits of self-insuring the loss if they can, but more and more we are seeing lawsuits being…

Beware of What You Say in Email!

Email evidence was a highly publicized part of the Microsoft antitrust case, with both sides resurrecting chatty notes that are several years old. The case has shed light on some…

Standards & Guidelines For Appraising Insurance Agencies / Brokerages

Insurance agencies have their own unique business attributes. For appraisal purposes, these attributes do not “fit the mold” that is used by the business appraisal community in general. Part of…

wooden figurines of a family in a house drawn with white chalk and rain from a cloud. Real estate and family insurance concept. Natural disaster protection, copy space

Remote Deposit Offers New Road to Efficiency for Agencies

ATMs revolutionized banking more than 25 years ago and today online banking is now commonplace. And, now a new banking product, remote deposit, is being utilized to greatly improve business efficiencies,…

White car on colored background. Model white retro toy car on orange background. Miniature car with copyspace.

Buy-Sell Agreements

Current working partners have to find a way and method of buying out a deceased or permanently disabled member. A well prepared Buy-Sell agreement prepares for this possibility. Once again,…

Intro to Agency Purchases & Mergers

The differences between “purchases” and “mergers” is so great that one is forced to wonder how they became so closely related in agency management literature. The two activities are fundamentally…

Different business groups become one team. Concept of bringing people together, merging teams, partnerships, acquisitions, joint ventures, collectibles

What’s My Agency Worth?

A water bottler prices each bottle at $1. But what if the water is transported to the middle of a desert in which there is NO other source of water…is…

Small Figures with arrow and dollar signs. Customer Acquisition Cost or monetization concept.

Agency Valuation with a Loss of Market

Two things are going on in the insurance marketplace. First, agencies are continuing to be bought and sold. Second, carriers are abandoning some agencies or even lines of insurance in…

Pros and cons on scales. One negative outweighs many positives. Advantages and disadvantages. Evaluating profit and losses. Plus and minus symbols on balance on a scale seesaw.