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Best Practices Agencies Set The Standard For Value

Chances are that your agency is the most valuable asset you own. Whether you plan to perpetuate it internally or sell it to a third party, maintaining and enhancing its value is critical to your

By Shirley Lukens | Updated on November 12, 2006

Chances are that your agency is the most valuable asset you own. Whether you plan to perpetuate it internally or sell it to a third party, maintaining and enhancing its value is critical to your future. It is not surprising, then, that so many agencies use the annual “Best Practices Study” and “Best Practices Tool Kit” in the pursuit of this goal.

The study, produced on behalf of the Independent Insurance Agents and Brokers of America, reveals that four major factors impact agency value–growth, profitability, stability and financial management.

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