Interactive
7 Steps Towards Avoiding Bad Carrier Contracts
Academy of Insurance
Updated Nov 30, 2020Agency owners and managers may not be aware of all the reasons carrier contracts are important to their agency's success. Rather than closely guarding their carrier contracts and relationships, some agencies apply the practice of "the more contracts the better;" believing that if something goes wrong with one carrier, there are two, three or four other carriers "waiting on the bench." In actual operation, practicing "quality over quantity" is a much healthier choice for the agency. Knowing the companies and their contracts allow agency owners to minimize the number of necessary or needed carrier relationships thereby achieving much more, with more efficiency and with much less risk.
