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How your insurance agency can thrive during the pandemic

New habits and processes formed now to deal with financial challenges will hold long-term value for you and your business.

By Duke Williams | December 22, 2020 at 12:00 AM
There are a lot of decisions you can make over the next few months that will not just keep you in business but put you in a stronger position than ever. (Photo: Win Nondakowit/Adobe Stock) There are a lot of decisions you can make over the next few months that will not just keep you in business but put you in a stronger position than ever. (Photo: Win Nondakowit/Adobe Stock)

It might seem counterintuitive to talk about your insurance agency thriving during a pandemic and a worldwide economic downturn. But there are a lot of decisions you can make over the next few months that will not just keep you in business but put you in a stronger position than ever.

Here’s the bad news: Your insurance agency is very likely to see a drop-in revenue over the next two years, even as COVID-19 vaccines are distributed in the coming months, as it will take a while for enough people to be vaccinated to achieve herd immunity and for the economy to rebound.

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