2007 Best Practices Study

Agencies with Revenues Under $1,250,000

Executive Perspectives

Profile

Revenues/ Expenses

Financial Stability

Employee Overview

Producer Info

Service Staff Info

Technology

Insurance Carriers

Appendix

G. Parent Corporation

Average

0.0%

Agency is Owned by Another Corporation

Description of Parent Corporation

Financial Institution

0.0%

National Broker

0.0%

Other

0.0%

H. Plans for Future Ownership of Agency

Average

Sell to Employees/Family

61.1%

Sell to Third Party in 1 to 5 years

2.8%

Sell to Third Party in 6 to 10 years

11.1%

Sell to Third Party in 11+ years

8.3%

Merge with Privately-held Agency

5.6%

Uncertain at this Point

11.1%

“We are a Trusted Choice agency, and we live by that creed. Our reputation is that you don’t want to mess with our integrity. We always play the game fairly. We always do what we’re supposed to do and that’s what we live by. I think it’s paid us big rewards over the years because we have a very loyal client base!”

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2007 Best Practices Study | Agencies with Revenues Under $1,250,000 | Profile