Dedicated insurance programs are an excellent way for independent agents and agencies to set themselves apart from their competitors and help grow a specialized, renewable and, potentially, profitable book of business.
In addition to conventional commissions on premiums, with some carriers there may be opportunities to take an equity position in the program.
In the first article of this series, we provided a summary review of how to prepare the program submission. We covered the expected timeline—the basic format and necessary content for the submission, as well as how to package the submission for its review by prospective partners.
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