Insurance agency business lessons from the COVID-19 pandemic

insurance agency business

Businesses of virtually every size were unprepared for these changes, but here’s what to learn. As owners and staff of an insurance agency business, you make a living by making sure your customers are prepared for the unexpected.  That said, 2020 has made it clear that even experts in the unexpected can be taken off guard. There have been many lessons that owners and staffers have learned throughout this year. To make sure your insurance agency business is more than just surviving but is continuing to thrive as the pandemic…

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How to prepare an insurance agency to be sold

The perceived value of an insurance agency is impacted by a number of different factors, but there are three among them that will have the greatest influence. These three critical factors are the same as those that would influence the perceived value of any type of investment, and are: • Market conditions • Pro forma earnings • Risk connected with earnings in the future Market conditions are vital to the sale of any form of investment, and timing can significantly influence the sale’s net gain. The parts of market conditions…

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