There are four things to consider when choosing the right network or aggregator for your independent insurance agency:
Do you know how contingency and profit sharing are managed to protect individual agents? Will the network, cluster or aggregator provide you with a personalized aggregation model using your agency’s data?
In regards to commissions and fees, your agency should know all of the facts of what the fees are and how they are applied. You should also ask how the commission splits work and what production requirements all participating agencies will have to meet.
Agency Network Exchange has compiled a complete Agency Checklist to help your agency get moving on the right track towards finding the right network or cluster for you.