Exclusive Agent vs Independent Agency: An Inside Point of View

exclusive agent vs independent agency

What does separate an exclusive agent from the independent agent?  In my job, I am allowed to visit with mortgage companies and realtors in an attempt to help drum up business for myself and my company.  At one particular visit, I was posed a question by a realtor owner and friend. He asked, “What separates your company, an exclusive Allstate agency, from the independent agency that also has Allstate?”  At that time, it was early in my insurance career and I didn’t have an answer for him. It was a…

Read More

Internet privacy may be costing people their jobs, according to National Labor Relations Board

Facebook’s shifting privacy policies are making it increasingly difficult to keep track of Internet privacy. With social media beginning to play a much larger role in the business world, companies have been struggling to maintain a balance on how much freedom their employees are given when it comes to sharing information via Facebook and Twitter. Most companies have social media policies in place, but the majority of these policies are ambiguous at best. Confusion regarding these policies has led some companies into trouble with the law and could have dramatic…

Read More

Nationwide in talks to purchase Harleysville Group, deal has insurance agents on edge

Late last week, Nationwide Mutual Insurance entered into negotiations with Harleysville Group Inc., a large insurance company operating in 32 states, to purchase the company. Details regarding the acquisition are sparse as Nationwide has been keeping a tight lid on information concerning the potential deal. The one thing that is very clear, however, is that the deal has Harleysville independent insurance agents on edge. If the deal goes through, the role of agents from both companies may soon change. Typically, Nationwide uses only contract agents to sell insurance policies exclusive…

Read More