According to the most recent IIABA Agency Universe study, the number of start-up insurance agencies is growing–11 percent of respondents to the 2008 study were founded in 2004 or more recently. The study states, “As one would expect, the new agencies tend to be small, grow fast and be headed by younger principals.” Are you an agent who has decided to take the plunge into independent ownership? If so, there are six things you need to do when you open your insurance agency to ensure its long-term success.

1. Get properly licensed

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