How Contingent Compensation Is Factored Into an Agency Acquisition
Contingent compensation can be significant but unpredictable, particularly amidst the hard market and frequent catastrophes.
Contingent compensation can be significant but unpredictable, particularly amidst the hard market and frequent catastrophes.
A Missouri-based commercial lines client uses virtual assistants in the Philippines. Does the virtual assistants’ wages need to be added to the company’s workers compensation policy?
In April, the Big “I” Diversity Council hosted the Inclusive Agency Roundtable, which brought together independent agents, company partners and industry leaders to discuss actionable strategies for creating more inclusive agencies.
The financial strain of long-term care (LTC) can be significant, but the option of a hybrid LTC and life policy combination opens up another avenue for agents to present to their clients.
On this episode of Agency Nation Radio, Peter van Aartrijk, executive vice president at Aartrijk is joined by Lee Gaudette, president of Gaudette Insurance, and his son, Peter Gaudette, commercial insurance advisor at Gaudette Insurance, and Keith Mangini, Vice President and Commercial Team Leader at InsurBanc.
Educating consumers about the benefits of an LTC plan—whether that plan is to rely on government-funded care, buy insurance or cover LTC expenses with personal assets—is key.
Pay transparency is the practice of openly sharing compensation and benefits information with candidates in the hiring process. State and local ordinances can impact the requirements for your agency.
Agents wanted to know how to handle a demand to add language to a certificate of insurance (COI), as well as the top five workers compensation codes that agents get wrong.
Angela Ripley, president of VW Brown Insurance in Columbia, Maryland, brings two decades of agency leadership, eight acquisitions and a passion for mentorship and inclusion to the role of Big “I” chair.
For independent insurance agencies, this could be an innovative, family-focused benefit to offer employees or to strengthen relationships with commercial and personal lines customers.