For me the dollars and cents associated with owning an Allstate Agency outweigh the freedoms that Independent Agency Owners have. With Allstate, I like the profit margins Agency Owner’s realize. With the right sized agency and good expense management, it gives the owner an opportunity to substantially save for the future. This strong profit margin also gives Allstate Agents the ability to weather through times, assuming the individual agent is not spending all of their take home pay during the good times. Being frugal is always recommended in any of these business opportunities.
Citations:
· “Maximizing Agency Value II,” produced by the Academy of Producer Insurance Studies.
· Insurance Agents & Brokers of America annual Best Practice Study.
J. D. Power and Associates Insurance Information Institute
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