Texas Agent News: Agency Management
News from IIAT about issues facing independent insurance agents in Texas.
The price that your agency commands depends on several factors, including what is most important to both the buyer and the seller, the synergies that exist between agencies owned by a potential buyer and seller agency, and the risk level that both parties are willing to assume in the agency sale.
On Thursday, May 20, IIAT hosted the first Agents’ Roundtable, a monthly online discussion where agents discuss timely agency operations and leadership topics. During the roundtable, agents and IIAT staff discussed issues concerning COVID-19 and returning to the office.
Knowing the value, and more importantly, what drives the value of your agency, provides you with the information to build a plan for your agency today and into the future.
President Biden has announced a paid leave tax credit to employers that provide full pay for any employee who takes time off to get a COVID-19 vaccination.
Even with the best remote onboarding process, mistakes happen. WAHVE can help.
IIAT, IIA of Wisconsin, Big I New York, IAB of Louisiana, PIIA of Colorado, Big I New Jersey, and IIA of North Carolina have partnered with Steve Anderson to launch Catalyit.
IIAT's Agency Finance and Valuation Consultant Carey Wallace provides agency owners with practical examples of how knowing your value can lead to opportunities for growth, increased profitability, and an increase in your agency’s overall value.
Ownership of expirations, including related records and data, is perhaps the most critical issue for independent agents to consider in their company appointment contracts.
Barring an unforeseen event as disruptive as COVID-19 was this past spring, and being optimistic that a winter wave of the pandemic is contained, 2021 looks to be a hopeful year for independent insurance agencies.