There is an incredible opportunity in the insurance industry for someone who wishes to own their own business. With over half of the agency owners facing retirement in the next 5-10 years, a strong desire by many agency owners to remain independent, and the goal to offer the same opportunity to the next generation that their agency provided to them – there is no better time for future owners.
READ MORE2022 ISO Homeowners’ Changes in Chart Form
by Chris Boggs | Apr 6, 2022 | PIIAC Bulletin
Insurance Services Office (ISO) in mid-2021 released its first multi-state Homeowners’ filing in over 11 years. This most recent filing took effect beginning March 1, 2022.
READ MOREDeductive Reasoning
by Amanda Juratovic | Apr 4, 2022 | PIIAC Bulletin
You are already aware that not all professional liability policies for insurance agents extend the same coverage benefits. However, an important coverage component has become increasingly valuable in the insurance agents’ professional liability marketplace: a deductible reduction feature.
READ MORETime to Know Your Agency’s Value
by Carey Wallace | Mar 30, 2022 | PIIAC Bulletin
Over the past several years I have worked with many agency owners across the country helping them understand the value of their agencies. It is some of the most rewarding work I have ever done, and I have learned a lot about agencies and agency owners as a result of this work.
READ MORECertificates of Insurance: FAQs and Answers
by Chris Boggs | Mar 24, 2022 | PIIAC Bulletin
Certificates of insurance (COIs) account for more headaches at the agency level than just about any other issue. Because COIs create so much angst, the Big “I” Virtual University regularly hosts webinars about them.
READ MORE7 Issues Agents Will Address at the 2022 Big ‘I’ Legislative Conference
by Teddie Norton Reilly | Mar 22, 2022 | PIIAC Bulletin
The annual Big “I” Legislative Conference will take place April 27-29 at the Renaissance Washington, D.C. Downtown Hotel. During the conference, independent insurance agents and brokers from across the country will share their perspectives with legislators on issues important to the independent agency system.
READ MORERecent Posts
- The Institutes – Predict & Prevent™ | February 28, 2024
- Understanding Financial Statements: A Practical Guide for Insurance Agency Owners
- Deal Dynamics: Identifying an Acquisition to Add the Most Value to Your Agency
- PIIAC is Gearing Up for 2024
- The Importance of Understanding Your Customer’s Decision-Making Process
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