Chicagoland SIA Blog

Posts about:

Agency Development

Pros and cons text on wooden blocks with orange background

Pros and Cons of Acquiring a Book of Business for Your Independent Insurance Agency

Expanding your independent insurance agency often involves strategic decisions. One such strategy is the acquisition of a book of business, which involves purchasing an existing portfolio of clients and policies from another agency or agent. While this approach can offer several advantages, it also comes with its own set of challenges. Understanding the pros and cons is crucial before making such a significant business move.

Read More
woman sitting at her workplace

Starting an Independent Insurance Agency: A Comprehensive Guide

Starting your own independent insurance agency can be an exciting and rewarding venture. As an independent agency owner, you have the freedom to build a business that reflects your vision and offers tailored insurance solutions to clients. However, like any entrepreneurial endeavor, it requires careful planning, research, and leveraging the right resources. Here is an overview of the various steps needed to start an independent insurance agency from scratch, along with valuable online resources and technology suggestions to help you succeed.

Read More