10 / 123
AGENCIES WITH REVENUES UNDER $500,000
10
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
2006 Best Practices Study
PRODUCER INFORMATION
A.
New Producer Hiring
Where New Producers Were Found
Average
+25%
Profit
+25%
Growth
% of Agencies that Hired
a New Producer During
Last Fiscal Year
10.0%
*
*
Number of New
Producers Hired
1.0
*
*
Average Annual
Compensation Per New
Producer
$48,000
*
*
*Insufficient Data
Another
insurance broker
33.3%
An insurance
carrier
33.3%
Directly from college
or graduate school
0.0%
Outside of Industry*
33..%
*Other industries mentioned most often include Medical/Pharmaceutical, Payroll Services,
Advertising, Construction/Engineering, Banking/Financial Services, and Legal