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What Kind of Agency Are You?

ON THE PODIUM OF AGENCIES, ARE YOU PLATINUM, GOLD OR SILVER?

Many names or labels have been attached to independent agencies throughout the years: Mom-and-Pop (a literal description of my parents’ business); Lifestyle (corporate and personal finances are commingled to support a comfortable lifestyle); Plateaued (working hard and doing okay, but clients are coming in the front door and going out the back, and every year looks about the same); Growth-Oriented (understanding how to retain customers at a high level while also maintaining an organic growth rate at two to three times the national average); Aggressive (it’s all about selling new accounts to the exclusion of taking care of the old ones); and many more than space permits.

In categorizing agencies, I basically believe there are three kinds: Platinum, Gold and Silver. I’d like to challenge you, as one of our readers, to think of your agency as described below and determine if you’re a Platinum, Gold or...

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Six Ways to Improve Your Insurance Agency

Top Leaders Adhere to Core Commitments

There are literally scores of strategies and behaviors that agencies can implement in their quest to achieve great results. However, I’ve found that the greatest results come from focusing on a few selected strategies. The opposite is also true: The more things you chase, the fewer things you catch!

Chasing too many strategies certainly doesn’t provide clarity and focus for your team. Too often what they’re chasing becomes the “flavor of the week,” prompting the staff to think, “Don’t worry, this too shall pass,” because they know you won’t stick with it.

During a private presentation to a group of agency principals recently, I was asked to identify the traits I see in the best agency leaders. Because it’s such an extensive list and because I believe that less is more, I narrowed it down to the Key Core Commitments of great agency leaders. In case you’re wondering, my definition...

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