https://completemarkets.com/Article/article-post/2083/TRADITIONAL-VS-E-COMMERCE-INSURANCE/
...ness than the loss itself. GENERAL LIABILITY General Liability insurance is also...posure. Electronic Publishing Liability to cover liabilities incurred fr...
https://completemarkets.com/Article/article-post/1000/MAXIMIZING-OWNERSHIP-RETURN/
...benefits. Banks tend to want more generalized operations with a wide range of ...ts often throw off higher values. In general, having a higher average account ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1000/MAXIMIZING-OWNERSHIP-RETURN/
... their own business plans. Many larger brokers and insurance companies that are buying agencies are looking for specialty or niche operations. Over the last several years, the national brokers seem to have been particularly attracted to firms specializing in employee benefits. Banks tend to want more generalized operations with a wide range of products that will help them solidify relationships with existing clients. Internal buyers want an agency structure that can support their own production well. The first step in developing a plan to make the agency more attractive to either internal or external ... $2 ,000 $3 ,000 Accounts/Person 180 167 138 117 Comm/Person $180,000 $250,000 $275,000 $350,000 Systems and Procedures Whether or not the buyers will be taking on the liabilities of the corporation, they'll often review the agency's procedures to make sure that proper E&O loss control and risk-management practices are being followed. Poor documentation procedures and sloppy files can adversely affect retention and client servicing, and reflect the overall quality of the people ... accounts, or if one account produces more than 5% of total revenues, the price might be adjusted downward for the added risk. Similarly, if a number of key accounts have been written and retained because of a special relationship with an owner or producer (church, family, childhood friend, jogging partner), there can be increased concern about attrition. Insurance Companies At certain times in the market cycle, acquiring insurance company relationships may be of paramount interest to buyers. If your agency has contracts that they want or ...