Agency Operations

Bogle Agency Insurance in Lyndhurst, New Jersey, was the top-performing agency in the $1.25 million-$5 million in Revenue category in the 2022 Best Practices Study.

Aleckson Insurance Agency in Lake Zurich, Illinois, was the top-performing agency in the $1.25 million-$2.5 million in Revenue category in the 2022 Best Practices Study.

The Ballard Agency in Kirkland, Washington, was the top-performing agency in the Under $2.5 million in Revenue category in the 2022 Best Practices Study.

As the Best Practices Study hits the 30-year milestone, meet the top-performing agencies in each of the six revenue categories from the current study, and find out how they used the program to go from good to better to the best.

The agency-carrier contract should set forth the rights, responsibilities and obligations of the respective parties with regard to all material aspects of the relationship. Here are nine things to consider.

Scott Insurance has been a Best Practices agency for the entire 30 years that the Best Practices Study has existed. Keith Mann uses the studies to chart the agency’s progress and guide operations and sales decisions.

Fortunately for insurance professionals, the opportunity to start and grow a successful independent insurance agency has never been more obtainable.

The use of certain words or phrases can suggest an insurance professional is acting as a risk advisor or fiduciary as opposed to the typical arm’s-length business relationship.

If you’re a sports fan, you’ve seen this scenario: A superstar player is brought into a sports franchise and expectations soar about the possibility of winning a championship. But in the end, the move turns out to be a bust. Why is that so often the case?