Business Plan For Insurance Agent

The following is a summary of the main points of this plan.In conclusion, as shown in the highlights chart below, this plan projects rapid growth over the next three years with a profit forecasted in the second year of operation and continuing into future years of operation.

Sample Agency is dedicated to providing insurance products and business services that provide high quality, protection, and value pricing.A list of potential prospects has already been compiled and will serve as a launching pad for marketing the products and services.The important elements of the sales forecasts are summarized on two line items, Insurance Sales, and Miscellaneous Revenue.We wish to establish a successful partnership with our clients that respects their interests and goals.Agency will operate as an Independent Contractor the first 12 months under the ownership of State Farm Insurance Company.Each element will be discussed separately and in its entirety below: - are comprised of three categories, 1) insurance-produced sales, 2) insurance-assigned sales and 3) Insurance renewals.The insurance products used to forecast new sales are, auto and high risk auto (renews every six months), property structures such as homes, over stated, condominiums, renters and landlord insurance, commercial, life and all other types of recreation vehicle insurance, (renews annually).It has been determined by industry averages, State Farm customer loyalty in the first year is 80%, second year is 85% and third year is 89%.Other than auto, which renews every six months, all other insurance products renew on an annual basis.For the first year the employee base will be the agent, Cindy Scott plus an office manager and sales agent assistant.In May of 2007 the financial forecast supports the hiring of an insurance agent assistant to help increase the growth of the business.

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  1. “In evidence-based practice, systematic reviews are considered one of the highest levels of information.” - Kysh, Lynn (2013): Difference between a systematic review and a literature review. You will need to use your academic email address (First Name.