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Why You Should Perform a Book of Business Review

One crucial aspect that insurance agencies should prioritize is performing a comprehensive book of business review. The data in your agency management system is full of valuable information that can help you protect your revenue and grow your agency. Having accurate and up-to-date information in your agency management system gives you insight into the makeup of your book. Let us explore the significance of some reports and why reviewing them is essential for your successful operations. ​Reports​​​​Why Review​Carrier appetite​When you use a SIC code or NAICS code, you can easily pull reports on type of business written by carrier.Provides insights on carrier appetite and competitivenessAssist when…

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Top 5 Things You Should Do Before Selling Your Agency

​For most independent insurance agency owners, their agency is their most valuable asset. It is a part of who you are, and a big part of your life. It is understandable that selling your agency will no doubt be a significant milestone in your career. Whether you are planning to perpetuate internally or sell externally, preparing to sell your agency is a complex and multifaceted process. The more time you give yourself to prepare in advance the more options you will have for your agency's future. To help you navigate this journey, we have compiled a list of the top 5 things you should do…

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What is NY First?

​​New York First is a partnership that brings together insurance company leaders and independent insurance agents that are members of Big I NY to advance issues and do research on behalf of the insurance industry.  A recent example was in 2022 when the NY First governing committee spearheaded and funded an aggressive public relations campaign to allow insurance companies in New York to waive burdonsome CARCO inspections.  This will save valuable staff time and help avoid situations where customers lose coverage because they were unable to complete an inspection. Currently, New York First is providing essential data to support Big I NY's meetings with top insurance…

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