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AGENCIES WITH REVENUES BETWEEN $500,000 AND $1,250,000
26
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
6.6%
*
*
Number of New
Producers Hired
1.0
*
*
Average Annual
Compensation Per New
Producer
$35,000
*
*
Another
insurance broker
50.0%
An insurance
carrier
50.0%
Directly from college
or graduate school
0.0%
Outside of Industry*
0.0%
*Other industries mentioned most often include Medical/Pharmaceutical, Payroll Services,
Advertising, Construction/Engineering, Banking/Financial Services, and Legal
*Insufficient Data