Agency Operations

The COVID-19 pandemic may make planning your exit look more appealing than ever.

Don’t be afraid to do old things in brand new ways, invest in education, and other lessons from over two decades in the industry.

Here are three stories from independent agents who are taking part in the successful perpetuation of not only their individual businesses, but the independent agency system as a whole.

Your agency is a barn find for a private equity buyer. Consider a staged internal perpetuation to create a legacy and maximize your earnings.

Perpetuation (noun): the continuation, without end. Succession (noun): a following after. No matter which word you use, do you have a plan?

Independent agents Ryan Smith, Heath Patterson, Carrie Ryan and Kristin Ryan share their personal experiences with insurance agency perpetuation.

Independent agents Zuri Malick, Kyle Dean and Kali DeWitt share their personal experiences with perpetuation.

Agency principals are far more likely to succeed when they build a perpetuation plan around people, agency value, capital and time.

Is the independent insurance system prepared to fill the perpetuation gap? Industry leaders debate the issue.