With more of the standard auto and home market being commoditized, the future of independent agents is more with their complex accounts that value consultation and risk education. This article shares four tips to help agents like you prioritize where you best spend your time and set up their businesses for long-term success in a dynamic market.
Asset managers and depository institutions have a wide variety of organizational structures and a myriad of exposures, making it challenging for independent agents to design coverage plans that effectively address their evolving risks. Often, the best approach is to work with a few insurers that offer broader, more flexible coverage options, streamlining the approach for the agent and the customer.
With hiring and employment practices front and center in college discourse, independent insurance agents can add value by providing risk management strategies and employment practices liability insurance (EPLI) protection for educational institutions.