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Instant Insights / Succession planning: planning your exit

We're in the midst of a once-in-a-generation sea-change in agency ownership. Here are some issues to tackle, and ideas to consider.

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The basic principles of any integration plan are the same regardless of business size. (Photo: iStock)

When I read the results of last month’s NU/PIA Independent Agency Survey, what jumped off the page to me was that more than half said they did not have a set perpetuation plan for their agency, and that the Independent Insurance Agents & Brokers of America (IIABA) gets as many as 40 calls a week from agencies that don’t know what to do about their own perpetuation.

Barry Seigerman

PropertyCasualty360

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