Growing Independent Full Consultation Insurance Agency
Colorado, U.S.
Business Services
The agency is a full-service independent property and casualty (P&C) insurance broker, providing exceptional insurance consultation on offerings from 24 separate carriers. The agency specializes in the advisory and provision of personal insurance lines and coverages to a discerning client base.
Key Aspects
Key Aspects
· Strong reputation for white-glove insurance services
· Licensed to insure in Arizona, Colorado, Minnesota, and North Dakota
· 24 insurance carriers with an average commission percentage of 13.9% per new policy sale
· Existing client-base of 4,550 individuals
· Established & proven referral and lead generation system
· Five licensed life insurance agents on staff
· Revenue CAGR of 20.1% from FY 2019 to FY 2021
· 97% of agency revenue is from automatic policy renewals
Opportunities
Opportunities
· New business generation increases 15% per each new effective sales employee hire, according to ownership
· Relocatable, with capability of fully remote operations
· Expand insurance licensing & presence to neighboring states
· Hire a commercial insurance agent to specialize in commercial insurance sales
· Leverage life insurance licensed agents to focus efforts on more lucrative life insurance policies
· Broaden target client criteria to increase sales
· Leverage online marketing and advertising to increase brand reputation and awareness
Headquartered
Headquartered
· Colorado, U.S.
Current Markets
Current Markets
· The agency provides P&C insurance to clients in Arizona, Colorado, Minnesota, and North Dakota. The agency's target market includes individuals between the ages of 35 and 50 with total incomes greater than $100,000.
Real Estate
Real Estate
· Although the business operates from a 5,760 square foot facility, ownership contends that operations can be done on a 100% remote basis.