CIG is a fine company, their underwriting can be a little strict, but they do have some very favorable terms, including rates.

Captive Agents are free agents, nobody should be held back because of threats, this is not how the system is meant in a free market economy. Nobody owns you, you own yourself and your services. You must abide by a contract, you can also take advantages of state laws that protect you. A contract has ...

Activity on AgencyEquity.com points to this as those listing their desire to merge is getting a lot of attention and responses. Also the industry news activity points to mergers being very active. With a soft market, agencies are looking for ways to consolidate expenses, meet profit sharing targets ...

I have a number of consultants and attorneys on my website who can put one together for you, the site is linked in my signature.

The key to re-capturing your clients when transitioning from a captive agency to an independent agency is proper planning. You must have an exit and transition plan, this includes before taking steps to do things before a captive agency contract comes to a termination. You also need to understand th...

Hello All, I work for an auto insurance company that also sells homeowners as well. All of our business is agent driven, virtually no direct business. It seems like as each year comes and goes, more and more people purchase especially auto insurance direct, leaving a diminishing window for agents. ...

I have put together an easy to use online system that allows you to create a BOR in a snap! No more looking up carriers addresses, no more errors, and best of all, it doesn't cost anything! • You will be able to create a BOR in a PDF format, allowing you to email directly to your client • You will b...

Kevin, you state that captive agencie should expect to: 1. Capture only 5% of their book 2. Lose Money for 5 years What is your experience to come to such conclusions? I actually do have experience and the numbers are significantly better that. But on #1 it depends on how close of a relationship one...

Many producer agreements come with some sort of a non-compete clauses and nearly all captive agency contracts have non-compete clauses written into these agreements. Such clauses may or may not be valid depending on the state laws as well as a number of other factors. Nearly all non-compete clauses ...

According to a recent article in the insurance journal, 4,000 independent insurance agencies were founded in 2008, 2009 or 2010. Most new independent agencies have been started by either individuals who have previously operated a captive agency or have been a producer of an independent agency. Start...

There are all kinds of agency networks across the USA and even worldwide. Many of these groups refer to themselves as “clusters,” but there are also franchises, alliances, and other type of networks. Regardless of what they call themselves, they are basically master agencies that are a group of reta...

An agency management system is essential to run an independent insurance agency. Many carriers will not provide an agency appointment without some sort of a system. There are over 15 different of such vendors who make well over 20 different insurance agency management systems in the marketplace. The...

It is very difficult for a very new agency, most especially if you have not been licensed for very long, to get independent agency appointment. One way around this is to join an insurance agency cluster organization (also networks, franchises, or alliances) as they arrange for insurance carrier appo...

According to a recent article in the Insurance Journal, 4,000 independent insurance agencies were founded in 2008, 2009 or 2010. Most new independent agencies have been started by either individuals who have previously operated a captive agency or have been a producer of an independent agency. Start...

Whether it be SIAA, a cluster or any other type of insurance agency network, the concept of this is very good for the small to medium size agency. Regardless of what they call themselves, they are basically master agencies that are a group of retail agencies under one master agency code. Most carrie...