2006 Best Practices Study

AGENCIES WITH REVENUES UNDER $500,000

PRODUCER INFORMATION

2006

A.

New Producer Hiring

+25% Profit

+25% Growth

Average

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

PROFILE

10.0%

*

*

Number of New Producers Hired

1.0

*

*

REVENUES/ EXPENSES

Average Annual Compensation Per New Producer

$48,000

*

*

FINANCIAL STABILITY

*Insufficient Data

Where New Producers Were Found

EMPLOYEE OVERVIEW

Directly from college or graduate school 0.0%

Outside of Industry* 33..%

PRODUCER INFO

An insurance carrier 33.3%

Another insurance broker 33.3%

SERVICE STAFF INFO

*Other industries mentioned most often include Medical/Pharmaceutical, Payroll Services, Advertising, Construction/Engineering, Banking/Financial Services, and Legal

TECHNOLOGY

INSURANCE CARRIERS

2006 Best Practices Study

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