With rising travel costs and other expenses, you may question whether it’s worth the investment to attend industry conferences and trade shows. However, these events are crucial for staying competitive in tough economic times and fostering both personal and business growth. Here are ten reasons why attending a couple of them each year can be … Read more
The recent strike down of the Federal Trade Commission’s (FTC) proposed ban on new non-compete agreements does have implications for the insurance agency. On August 20th, a Texas judge overturned the ban on non-competes scheduled to take effect on September 4th. In her ruling, the judge stated that the FTC “lacks statutory authority” to prohibit … Read more
Amidst a challenging economic landscape, purchasing a book of business from another agent can improve cash flow and accelerate growth significantly. It offers an agent immediate access to an established client base, massively boosting income for the agency and providing access to new markets. Here’s how to go about purchasing a book of business and … Read more
Generation Z is the generation that follows the millennials. Generation Z (born approximately between 1997 and 2012) is approaching insurance differently from previous generations. Their approach is influenced by their digital upbringing, financial priorities, and unique perspectives on risk. Here’s how Gen Z is going about selecting insurance for themselves: #1 – They’re Taking … Read more
With all the natural disasters, air travel cancellations, and pandemics of recent years, parametric insurance may be a more efficient alternative to traditional indemnity-based insurance. Because of its innovative approach, parametric insurance is gaining traction across industries, from agriculture and travel to energy and business interruption. Those who leverage this insurance model appreciate its efficiency … Read more
Error and Omissions (E&O) insurance is crucial for independent insurance agents as it provides protection against claims of negligence or inadequate work. In an economy where everyone is stressed about money, E&O insurance is more important than ever. Here’s why E&O insurance is important for agents and some best practices to follow in 2024 and … Read more
The Internet of Things (IoT) is here and experts estimate there could be up to one trillion connected devices by next year (2025). IoT refers to a network of physical objects—”things”—embedded with sensors, software, and other technologies to connect with other devices and systems over the Internet. These “things” can range from household items like … Read more
As summertime approaches, many people set their sights on heading “up north” to the cabin or planning the family reunion at the vacation home later in the summer. Some families may even be meeting with real estate agents over the summer, hoping to find their perfect summer cottage or even a rental for additional income. … Read more
Joining an insurance network can provide independent agents with valuable resources, support, and opportunities for growth. It can ultimately help you compete more effectively in the insurance marketplace. However, agents need to ask questions and carefully evaluate the benefits, costs, and terms of membership before deciding to join a particular network. Here are 10 questions … Read more
During a hard market, it’s essential to stay up-to-date as much as possible with industry trends, tools, and developments. Sometimes, it’s difficult to even know where to go when wanting to stay ahead of the curve. For that reason, we’ve compiled a list of resources for independent insurance agents to follow and how to find … Read more