It is no secret in the insurance industry that we face a significant transition of ownership in the next 5-10 years as over half of the agency owners are nearing retirement. Historically, there has been a belief that agency owners do not need to know their value until they are ready to make that transition. In addition, many agency owners have assumed a value of 1.5x-2x revenue for their agencies without actually knowing their fair market value. This type of thinking is dangerous.
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Catalyit Q&A: Top Questions
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The Professional Independent Insurance Agents of Colorado (PIIAC), representing nearly 500 independent insurance agents across the state of Colorado, has donated to The Colorado Emergency Preparedness Partnership/A Precious Child. PIIAC donated 24 rolling bins to the relief center in Superior, CO. The bins will allow volunteers to easily move donations around the center and allow those impacted by the fires to collect the items they need from the donation center.
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It’s a new year. Time to get your annual checkup, refresh those goals and get to work. What does this process look like when it comes to your agency?
READ MOREBy Olivia Overman, IA content editor Last year, claims of workplace retaliation topped the charts of claims filed with the Equal...
READ MOREBy Will Jones, IA editor-in-chief While saying no to writing the policy for a new, family-owned store to focus on larger businesses feels...
READ MORESection 202 of the December 2020 omnibus government funding legislation signed into law by former President Donald Trump included new compensation disclosure requirements for health insurance agents and brokers.
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IN SEPTEMBER, PIIAC TOOK A BIG step towards returning to normal as we hosted our 2021 Convention and Trade Show.
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Provided by BBSI Are you ready for the new year? Here’s a preview of the CO state laws employers must prepare for. CO Wage and Hour (Effective...
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The pandemic forever changed our personal and professional lives, and there’s no going back to “business as usual.” The impacts of COVID-19 sped up shifts toward remote work, highlighted the importance of human-centered work cultures, and prompted many to reevaluate their career choices.
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