Episode #27: Start-Up Costs For An Independent Agency Build Your Legacy: Insurance Edition podcast

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Re-Recruiting and Other New HR Strategies You Can’t Ignore 18:09

8일 전18:09

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HR is no longer just about managing people—it’s about shaping the future of work. Jens Baier, BCG’s HR transformation expert, discusses how AI and shifting employee expectations are forcing companies to rethink talent strategies. From re-recruiting to upskilling employees, HR must adapt to a rapidly changing landscape. Learn More: Jens Baier: https://on.bcg.com/41ca7Gv BCG on People Strategy: https://on.bcg.com/3QtAjro Decoding Global Talent: https://on.bcg.com/4gUC4IT…

Build Your Legacy: Insurance Edition « »
Episode #27: Start-Up Costs for an Independent Agency

약 1년 전 7:43

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SIA of NC에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 SIA of NC 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

How much money do you really need to start an independent insurance agency? In this episode of Build Your Legacy: Insurance Edition, we break down the key financial considerations—licensing, technology, and insurance. With many agencies now operating remotely, startup expenses are lower than ever, but having enough capital to cover at least three to six months without income is critical. We explore funding options, the risks of cutting corners, and strategies to set yourself up for success. Whether you're going solo or finding a partner, preparation is everything. Tune in for practical insights on launching your independent agency the right way!

… continue reading

31 에피소드

#Business #SIA of NC #Entrepreneur #Podcasting Education #Independent Insurance Agency #Agency Owners #Carrier Relationships #Insurance Budgeting #Commercial Lines #Personal Lines

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Episode #27: Start-Up Costs for an Independent Agency

Build Your Legacy: Insurance Edition

published 약 1년 전

공유

MP3•에피소드 홈

SIA of NC에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 SIA of NC 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

How much money do you really need to start an independent insurance agency? In this episode of Build Your Legacy: Insurance Edition, we break down the key financial considerations—licensing, technology, and insurance. With many agencies now operating remotely, startup expenses are lower than ever, but having enough capital to cover at least three to six months without income is critical. We explore funding options, the risks of cutting corners, and strategies to set yourself up for success. Whether you're going solo or finding a partner, preparation is everything. Tune in for practical insights on launching your independent agency the right way!

… continue reading

31 에피소드

#Business #SIA of NC #Entrepreneur #Podcasting Education #Independent Insurance Agency #Agency Owners #Carrier Relationships #Insurance Budgeting #Commercial Lines #Personal Lines

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Episode #31: The Evolution of Existing Agencies: Is It Time to Partner? 11:32

6일 전11:32

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11:32

Unlocking Growth: Why Existing Agencies Should Consider Partnerships Is your agency maximizing its potential? In this episode, we dive into why existing insurance agencies should take a closer look at agency partnerships—and how the right collaboration can drive revenue, improve market access, and enhance client service. ✅ Access to Markets – More than just new carriers—strategic market access and warm introductions. ✅ Bigger Relationships – How partnerships help you work with top-tier carriers that might not engage with smaller agencies. ✅ More Revenue Streams – Understanding consolidation opportunities and financial benefits beyond traditional commissions. ✅ Consultative Support – How agency networks provide valuable peer-to-peer insight and business growth strategies. ✅ Hiring & Succession Planning – Real-world examples of agencies leveraging partnerships for expansion, staffing, and even ownership transitions. The insurance industry is evolving—are you keeping up? We break down the misconceptions, the benefits, and the ways agency partnerships can unlock new opportunities for growth and efficiency. 📌 Don’t miss this episode—watch now and discover how your agency can benefit from the right partnership! 👉 Subscribe for more expert insights on agency growth strategies! #AgencyPartnerships #InsuranceGrowth #IndependentAgencies #InsuranceBusiness #CarrierRelationships #InsuranceSuccess #BuildYourLegacy #InsurancePodcast #Insurance…

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Episode #30: Beyond Policies: Why Carrier Relationships Matter 6:48

13일 전6:48

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6:48

Success in the insurance industry isn’t just about clients—it’s about building strong relationships with carriers, underwriters, and industry reps. In this episode, we break down how networking and relationship-building can give your agency a competitive edge: ✅ Carrier & Underwriter Relationships – Why they matter just as much as client connections ✅ Trade Shows & Association Events – The best ways to engage and deepen partnerships ✅ Social & Business Networking – How casual interactions lead to long-term success We explore how these relationships impact growth, market access, and deal-making—and why every interaction matters. Strengthen your business connections, unlock new opportunities, and stay ahead in a competitive market. 📌 Don’t miss this episode—watch now and build the right relationships for long-term success! 👉 Subscribe for more expert insights on growing your agency! #InsuranceNetworking #CarrierRelationships #InsuranceIndustry #AgencyGrowth #TradeShows #BusinessNetworking #InsuranceSuccess #BuildYourLegacy #Insurance…

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Episode #29: Essential Coverages for Independent Agencies 7:08

20일 전7:08

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7:08

Essential Insurance Coverage for Independent Insurance Agencies | Protect Your Business Running an independent insurance agency? Make sure you have the right insurance coverage to protect your business from costly claims and operational risks. In this episode, we break down the must-have policies every agency needs: ✅ Errors & Omissions (E&O) Insurance – Shields your agency from professional mistakes and negligence claims. ✅ Cyber Liability Insurance – Protects against data breaches, cyberattacks, and regulatory fines. ✅ Business Owners Policy (BOP) – Covers property damage, liability, and business interruptions. We discuss common coverage gaps, why these policies are critical for independent agencies, and how the right protection can safeguard your financial stability. Don't leave your agency exposed—watch now and get the coverage insights you need! Subscribe for more expert insights on growing and protecting your agency!…

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Episode #28: How Many Carriers Do You Really Need? 6:31

27일 전6:31

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As an independent insurance agent, you have access to multiple carriers—but how many do you really need? In this episode of Build Your Legacy: Insurance Edition , we dive into why less can be more when it comes to independent insurance agency carrier relationships . We discuss: ✅ How carrier selection impacts your agency’s bottom line ✅ When to expand your markets—and when to hold back ✅ The importance of underwriting relationships for better pricing and flexibility ✅ How to maximize contingencies and profit-sharing opportunities 💡 Have a topic you’d like us to cover? Send us an email at podcasts@sianc.com . 📢 Listen & Subscribe: 🎧 Apple Podcasts | Spotify | Amazon Music | YouTube 🌐 Learn more: www.siaofnc.com #InsurancePodcast #IndependentInsurance #InsuranceAgents #CarrierRelationships #BuildYourLegacy…

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Episode #27: Start-Up Costs for an Independent Agency 7:43

5 weeks 전7:43

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7:43

How much money do you really need to start an independent insurance agency? In this episode of Build Your Legacy: Insurance Edition, we break down the key financial considerations—licensing, technology, and insurance. With many agencies now operating remotely, startup expenses are lower than ever, but having enough capital to cover at least three to six months without income is critical. We explore funding options, the risks of cutting corners, and strategies to set yourself up for success. Whether you're going solo or finding a partner, preparation is everything. Tune in for practical insights on launching your independent agency the right way!…

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Episode #26: Who Should Start an Independent Agency? 6:22

6 weeks 전6:22

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6:22

In this episode of Build Your Legacy: Insurance Edition, hosts Bill and Travis discuss who should start their own independent insurance agency. Whether you’re already in the property & casualty industry, in real estate, or a small business owner looking to partner with a producer to start an agency, there are several ways to get started. Tune in as our hosts dive into this recurring topic.…

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Episode #25: Shifting Your Agency From Personal to Commercial Lines 6:49

7 weeks 전6:49

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6:49

In this episode of Build Your Legacy: Insurance Edition, hosts Bill and Travis discuss the transition from personal lines to commercial lines, offering practical advice for agents looking to grow their expertise. They emphasize starting small with simpler accounts, building strong relationships with carriers, and leveraging training resources to develop the skills needed for success.…

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Episode #24: Finding Your Focus: Personal or Commercial Lines? 6:55

8 weeks 전6:55

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6:55

In this episode of Build Your Legacy: Insurance Edition, Travis and Bill dive into a common question for insurance professionals: should agents focus on personal lines or commercial lines? They discuss the importance of leveraging strengths, highlighting how personal lines often offer faster sales cycles and cash flow advantages, while commercial lines can bring complexity and long-term opportunities. Whether you're starting a new agency or looking to refine your focus, this conversation offers valuable insights into navigating the insurance landscape. Tune in to explore the pros and cons of each path and learn why success starts with knowing where your strengths lie.…

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Episode #23: Protecting Your People: The Right Benefits for Your Agency 14:00

9 weeks 전14:00

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14:00

In this episode of Build Your Legacy: Insurance Edition, Bill Mills is joined by Brandon Mills from SIA Group’s Employee Benefits team. Together, they discuss practical insurance solutions for agency owners, including group medical considerations under the Affordable Care Act, voluntary benefits like life and disability insurance, and innovative strategies like defined contribution plans. Brandon shares expert advice on building competitive benefits programs tailored to business goals while navigating costs and regulations. A must-listen for agency owners looking to enhance their employee offerings!…

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Episode #22: Opportunity Knocks: The Upside of M&A in Insurance 7:47

10 weeks 전7:47

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7:47

In this episode of the Build Your Legacy: Insurance Edition podcast, Bill and Travis dive into the dynamics of the insurance industry, focusing on the impact of mergers and acquisitions (M&A) on independent agents. They discuss how industry disruptions create opportunities for talent recruitment, agency perpetuation, and client acquisition. Highlighting actionable insights, they encourage independent agencies to seize the moment, whether by recruiting top talent, forming new partnerships, or targeting untapped client accounts. Tune in to explore how change can drive growth and set your agency up for success!…

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Episode #21: Budgeting Tips for Independent Agencies 6:07

11 weeks 전6:07

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6:07

In this holiday-themed episode of the Build Your Legacy: Insurance Edition podcast, Travis and Bill discuss a timely topic for independent insurance agencies: budgeting- with or without contingencies and profit sharing in mind. They explore considerations such as historical data, guarantees, and loss ratios, and offer practical advice while emphasizing the importance of planning ahead for growth. Whether you include contingencies and profit sharing in your budget or not, the key takeaway is clear: budgeting is essential for success. Tune in for actionable insights and a festive wrap-up as the hosts share their thoughts!…

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Episode #20: Caring Beyond Coverage: Giving Back Through Nonprofits 9:53

12 weeks 전9:53

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9:53

In this episode, the focus shifts to the spirit of giving back during the holiday season by discussing the vital role insurance agencies play in supporting their communities. The conversation highlights how agencies can contribute not just financially but also by volunteering their time or setting up community drives. The discussion emphasizes the importance of aligning your contribution with your passion—be it children, sports, animal welfare, or other causes—to foster genuine engagement. As the hosts conclude, they encourage listeners to embrace the giving season, reminding them that any effort, big or small, can make a meaningful difference.…

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Episode #19: Agency Planning for 2025 12:39

13 weeks 전12:39

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12:39

In this episode, we discuss the essential process of agency planning for the upcoming year, building on the concept of carrier planning from a recent episode. We emphasize the importance of setting realistic goals to ensure the owner sets their year up to be as successful as possible. The conversation covers balancing new business growth with retention efforts, as well as the need for specific and strategic planning. Looking to start your own insurance agency but don’t know where to begin? Or perhaps you already have an agency and want to take it to the next level? This podcast is for you! Join our hosts as they share expert tips, strategies, and insights to help you grow your business and build a lasting legacy in the insurance industry.…

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Episode #18: From the Carrier's View: Insights for Agencies 16:29

13 weeks 전16:29

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Join us for an insightful conversation with Matt Littlejohn, a seasoned insurance professional with over 20 years of experience. In this episode, we dive into the process of carrier appointments, including how agencies can stand out to carriers and guidance for succeeding in the insurance industry. Matt shares valuable advice for agents looking to grow, build meaningful carrier relationships, and pivot from personal to commercial lines. Don’t miss this insightful guide to the carrier perspective in the insurance industry, packed with actionable tips and strategies to drive your agency's success.…

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Episode #17: Planning with Carriers for 2025 10:42

15 weeks 전10:42

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As the insurance landscape shifts, planning with carriers becomes more critical than ever. In this episode, Bill and Travis discuss how agents and agencies can align with carrier strategies to thrive in 2025. From adapting to understanding what the carriers are looking for when planning with insurance agencies, we unpack the tools and tactics needed to stay ahead. Tune in to gain practical insights and actionable advice on navigating carrier relationships, enhancing service offerings, and positioning your agency for growth in the year to come. Thinking about starting your own insurance agency but unsure where to begin? This podcast is for you! Already own an agency but want to grow and build a strong legacy? Stay tuned as our hosts share valuable tips and strategies to help you achieve your goals!…

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