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Hidden Risks of Agency Contracts and How to Avoid Them
Manage episode 471074634 series 3611725
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Many agency owners assume they own their book of business—but the reality can be far more complicated.
In this episode of Agency Ascend, we dive deep into the ownership dilemma that many agents face. While you may have control over client data, do you really own your carrier contracts? The difference could be the deciding factor in whether you can sell, scale, or exit your agency on your terms.
Industry experts break down the pitfalls of captive models, the hidden risks in agency contracts, and why independent agency networks are reshaping the industry. If you’re an agent thinking about scaling or acquiring a book of business, this is the conversation you need to hear.
📈 Tune in for insights on protecting your agency, maximizing growth, and making the smartest moves in today’s insurance landscape.
Connect with John:
Shares:
Chris: "Inner Excellence" by Jim Murphy
John: "Born on the 5th of July" Capt Fredrick O. Phelps
Jessica: "The Screwtape Letters" by C. S. Lewis
About the Show
Agency Ascend is a podcast for insurance agents and agency owners who are looking for resources to scale their business. The show is hosted by Managing Partner, Chris Sterlacci, and other staff members of CAA to bring you tools and guidance on how they help Agency owners turn their business into a major asset.
CoVerica Agency Alliance is a strategic master agency of SIAA, the fastest growing agency partnership in the country. Our “integrator” model combines the best aspects of each partnership model — clusters, aggregators, franchises — to create a one-of-a-kind partnership that enhances distribution and drives organic growth. As a top insurance agency strategic partner in Texas, we offer solutions to greatly strengthen your agency’s position in the market.
New episodes drop triweekly on Wednesdays. Please drop us a line if you have a question or suggestion; you can reach us at [email protected]. Finally, if you like the podcast, we encourage you to subscribe and leave us a review.
Visit us at www.covericaaa.com
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