https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...oblems that can arise.
OWNERSHIP TRANSFER
For example, let’s take a look at transferring ownership of homes, personal pro...e insurer.
DIRECTORS & OFFICERS LIABILITY
Nonprofit and for-profit corpora...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/652/A-Perpetuation-Planning-Primer/
... AM by CompleteMarkets Editor , Tom Doran This content has not been rated yet. No one expects the current frantic pace of merger and acquisition activity to last forever. When it does cool off, more agency owners will start looking more closely at internal perpetuation-that is, transferring ownership to employees and/or family members. Even in this merger-crazy environment, more than 60% of Best Practices firms still expect to perpetuate internally. Whether this is your plan or you intend to perpetuate your agency by selling to or merging with a third-party ... ) will be disappointed with the results. Simply put, if you wait until the last moment to prepare to transfer ownership, your options will be very limited. Best Practices' Business Perpetuation and Management Succession Study showed a surprising fact: Only 20% of independent agents have formal agency perpetuation plans in place. Although 50% of the agencies surveyed reported they had such plans, a deeper look revealed that most of these agencies simply had buy-sell agreements in place. A buy-sell agreement is a legally binding agreement in which the mechanics ... As they say, The devil's in the details. Getting the price right is only half the battle. The structure of the deal must also support the objectives of the involved parties. Careful consideration must be given to the mechanics of the ownership transfer so that the tax liabilities can be minimized for both buyer and seller. A transfer of ownership can be structured in a number of different ways (purchase of stock or selected assets, payments for noncompete covenants, deferred compensation, consulting arrangements, brokerage agreements, and so on) . ...
https://completemarkets.com/Article/article-post/652/A-Perpetuation-Planning-Primer/
...t internal perpetuation-that is, transferring ownership to employees and/or fa...available from Independent Insurance Agents of America by calling (800) 221-79...
https://completemarkets.com/Article/article-post/2162/DIVORCE-AND-AGENCY-VALUE-SEPARATING-GOODWILL/
...luation method to be employed in transfer of the firm.) In this case and othe...
https://completemarkets.com/Article/article-post/702/Variable-Questions-And-Some-Answers/
...d will not allow their agents to transfer to a multiple-company BD and still m...
https://completemarkets.com/Article/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
... OTHER READINGS CHAPTER FIVE: TRANSFERRING AGENCY INTERESTS BY SALE, ETC ...torney in case of disability 6.2 Transfers to the next generation 6.3 Ba...
https://completemarkets.com/Article/article-post/1629/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-1-OF-4/
...ing Insurance or other risk transfer Claims adjusting Record ke...ger. Claims Adjusting. Because liability claims involve the public and Wo...
https://completemarkets.com/Article/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
...t can't otherwise be treated are transferred. Insurance is the usual means. ... broad coverage for the blockbuster liability claim. Be sure it's the broadest...
https://completemarkets.com/Article/article-post/2264/OFFERING-RISK-MANAGEMENT-SERVICES-TO-CLIENTS/
...s to understand the various risk transfer techniques, captives, retros, as we...or just hop in and take off?” Agents need to examine the client’s...
https://completemarkets.com/Article/article-post/369/How-To-Lose-Market-Share-To-The-Competition/
...entative. I said, 'Yes,' and was transferred to an interactive phone page. I t...d made available to, its independent agents? When will independent agencies re...