This post is part of a series sponsored by InsurBanc. Applying for an agency loan can be stalled by poor financial reporting practices. Here’s what lenders expect. I was recently reviewing a loan application from an independent insurance agency when …
This post is part of a series sponsored by InsurBanc. I reflected on a statement from a recent article on the impact of rising interest rates on agency merger and acquisition activity, particularly with private equity-backed brokers. I stated, “You …
This post is part of a series sponsored by InsurBanc. When we first addressed last year’s economic unrest, the Federal Reserve was just beginning to raise rates that had hovered just above zero. Today, the economy is still unpredictable, and …
This post is part of a series sponsored by InsurBanc. Producers who want to step up to agency ownership have an option they might not have considered: purchasing a book of business from the agency’s owner. The book of business …
This post is part of a series sponsored by InsurBanc. How many times have you sat down in a restaurant, stared at the menu for 10 or 15 minutes, and still had absolutely no idea what you wanted to order? …
This post is part of a series sponsored by InsurBanc. Not all financial fraud in today’s world is in the cybersecurity arena. Fraudsters are going old school and using a scheme known as “check washing.” What is check washing? Imagine …
This post is part of a series sponsored by InsurBanc. Buying an agency is one of the most meaningful and long-lasting financial decisions a young agent will make. We’ve all heard about first-time home buyers: Well, the process and the …
This post is part of a series sponsored by InsurBanc. Selecting the right cash management products and services for your agency is like navigating a menu from your favorite restaurant. It is important that you start with the appetizer. An …
This post is part of a series sponsored by InsurBanc. You hear about the high profile cyberattacks and risks in the news. The others you don’t hear about are worrisome. Cybercriminals target not only consumers and large corporations, but small …
This post is part of a series sponsored by InsurBanc. Young agents are the future of the independent agency system, and their path to agency ownership can be challenging. Make sure you understand what you are facing as you walk …
