For agencies with one principal and no viable internal perpetuation candidates, we encourage you to set up a contingency buy-sell agreement with a local friendly competitor. (Photo: ImageFlow/Adobe Stock)
There are many things to consider when perpetuating your insurance agency. As there are many moving parts and the planning and execution can take several years, time is of the essence. This article will be the first in a series that discusses the various big picture questions to consider as you plan to perpetuate your agency. A better understanding of the various components will help facilitate discussions with your partners.
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