Pavese McCormick Insurance Agency of Monmouth Junction, and Valvano Insurance Agency of Linden have announced the formation of Consolidated Insurance Agents (CIA).
Agents have responded to the change in business structure by creating a new entity that combines the benefits of a Master Agency with a management infrastructure that can assist agents with business development and operational service programs.
The model allows agents to maintain their independence, share services and cut operating costs while freeing-up principals and producers; allowing them to concentrate on acquiring new business, retaining clients and increasing revenue.
CIA is set to offer New Jersey agents several partnership affiliation methods. A handful of larger firms seeking equity positions are to be balanced with affiliates seeking the benefits of aggregating their premiums. These firms can leverage greater access to markets and benefit from realistic commission and contingency programs.
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