What is your insurance agency perpetuation plan?
In the day-to-day of running a business, it can be hard to find the time to pause and plan for the long-term future of the agency. But it’s essential to think about what will happen to the business when the current principal retires or steps back from leadership. Building an insurance agency perpetuation plan (also known as a succession plan, transition plan, or exit strategy) will help current owners reach their personal goals and protect the future of their business.
If you’re an agency owner, use the interactive decision tree below to find the next step on your perpetuation journey. If you’re an agency employee interested in ownership in the future, explore the resources below for insights and advice on perpetuation.