What is the value of your insurance agency? Do you really know? Many insurance agency owners will have a number in their head, but is it truly what you can sell the agency for in the current market? In my career working with many insurance agency owners I've been surprised at the number of owners that have under estimated the value of their agency. The market has changed and there is a huge demand for independent insurance agencies, which has driven up the value of profitable agencies.
There are more reasons you should know the value of your insurance agency and not just for transaction purposes. Have you thought about estate planning? How are you going to handle potential perpetuation? Many insurance agency owners make the mistake of waiting to get a valuation done only when they are preparing to sell their agency. At this point it's too late to implement any changes that could lead to an increase in the value of the insurance agency.
With our insurance agency valuations we not only provide the obvious, but assess agency risk and identify areas of potential improvement. We will ensure that your insurance agency valuation not only provides you with the current value of the agency, but develops a specific plan on what you can currently do to maximize its value.
There are more reasons you should know the value of your insurance agency and not just for transaction purposes. Have you thought about estate planning? How are you going to handle potential perpetuation? Many insurance agency owners make the mistake of waiting to get a valuation done only when they are preparing to sell their agency. At this point it's too late to implement any changes that could lead to an increase in the value of the insurance agency.
With our insurance agency valuations we not only provide the obvious, but assess agency risk and identify areas of potential improvement. We will ensure that your insurance agency valuation not only provides you with the current value of the agency, but develops a specific plan on what you can currently do to maximize its value.