2005 Best Practices Study

AGENCIES WITH REVENUES BETWEEN $500,000 AND $1,250,000

PRODUCER INFORMATION

2005

A.

New Producer Hiring

+25% Profit

+25% Growth

Average

% of Agencies that Hired a New Producer During Last Fiscal Year

PROFILE

17.4%

*

*

Number of New Producers Hired

1.0

*

*

REVENUES/ EXPENSES

Average Annual Compensation Per New Producer

$28,500

*

*

FINANCIAL STABILITY

*Insufficient Data

Where New Producers Were Found

Outside of Industry* 25.0%

Directly from college or graduate school 0.0%

EMPLOYEE OVERVIEW

Another insurance broker 25.0%

PRODUCER INFO

An insurance carrier 50.0%

SERVICE STAFF INFO

*Other industries mentioned most often include Accounting/Finance, Banking, Construction, Medical/Healthcare, and Retail Sales.

TECHNOLOGY

INSURANCE CARRIERS

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