Looking to Further Your Success as an Agent? Learn How an Insurance Agency Network Can Help

Determine why an insurance agency network can benefit you.

While individualism has its benefits, it’s important to work well as a team. Teamwork provides the necessary support to help you accomplish your goals. The same is true when it comes to the insurance industry. Joining an insurance agency network can help to benefit your success as an agent. Here are a few reasons why it can benefit you.

Access to Resources.

As an independent insurance agent, you have the ability to work with various insurance carriers. However, when going it alone, it can be difficult to negotiate the right contracts with carriers so that you can sell their coverage. When you work with an agency network, you have access to these carriers. You’re therefore better able to generate business.

Competitive Commissions.

When it comes to working with an insurance agency network, you’re able to benefit from the commission. You’re often able to receive higher commissions when working through a network than you would on your own. Because you’re part of a larger group, you’re able to benefit from their established presence within the industry. Therefore, you’re likely to have access to higher commission rates.

Availability of Assistance.

When you are part of a larger network, you have access to all their resources. Unlike remaining independent, you’re able to benefit from trainings and information provided to larger networks. From specialized product training to learning about the latest products and services, joining a network offers a variety of benefits for your business success.

Ensure that you succeed in your business endeavors with the right support. With the right tools and guidance from Advantage Partners Network, your insurance agency can take off. A professional hand in pointing agents in the right direction allows your business to perfect procedures and maneuver around obstacles. Contact us today to get started.

 

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Why Having a Great Agency Network is Important for Success

Why Having a Great Agency Network is Important for Success

Advantage Partners Network began with a simple concept and vision in mind. That is to provide its agents with valuable resources and tools for any insurance broker that is under our wing. We take pride in providing quality tools and resources and the fact that we have achieved our goal in this.

Still, it’s important to maintain that level of quality and resourcefulness as the insurance world grows and changes. As a company, we want to ensure that not only that people have the tools necessary to do what they need to do, but also to stress how important Agency networks are.

How Insurance Networks Work

Insurance networks are a cornerstone for many insurance companies and they rely on us for a variety of things. Essentially our network is a combination of insurance agencies and insurance agents. From this collective pool we provide information available to those who join in the network. We Provide access to Carriers across the USA, and enable you to quote and sell policies from these carriers. By doing so, you make a commission on the policy and we do as well.

Why They Are So Important

What’s more important though isn’t how a network works but more of what the network provides. Like we just said, we provide quality information that allows insurance agents to make sales, close sales, and have all the tools necessary in between.

It’s for this reason that agency networks are quite important for success. Let’s take an example just to show you how important we can be to an insurance agent.

Now that you got your license, you need to be making sales which means you need clients and be able to close them. We actually have tools to help with that too. First you have access to our blog, a collection of information on a variety of topics. So no matter what sort of issue you have, you have resources at your fingertips that you can find and use as guidance.

Furthermore when it comes to clients recall that this is a collection of insurance agents. In other words there is a group of people who know your struggles and are willing to help you. They can provide help on attracting clients or simply lend a guiding hand. We are also working on rebuilding our agent resource portal to reach even further.

Finally, if you are looking to grow your revenue and agency even more, we have something to offer that too.

Conclusion

At Advantage Partners Network we want to help you get nothing but the best. Through our services we can help you get started, get established and then bring your business to the next level through what we provide. We take pride in doing that and will continue to do so.

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What it means to be an Independent Insurance Agent

Insurance agents are employees that are agents that sell products to people. The products can be property insurance, casualty insurance, life insurance, healthcare insurance, disability insurance and casualty insurance. Other products they can sell are financial products. Insurance Agents are usually working for a company that provides them with the information and products. They only go back to one company and provide buyers for one company.

Independent insurance agents go back to a lot of companies or carries and sell what the company needs them to sell. At times they would be given a number of minimum clients that they to sell to. There are no newbies in independent insurance agents, like how normal insurance agents accept them. They need to be very professional and understand all the tasks, laws and any other objective that comes their way. Therefore, they may get more jobs at one might because all companies know that independent insurance agents are professionals and good at what they do. However, at times they do look for insurance medians that help them get more providers. This is one of the main differences between an independent insurance agent and an insurance agent.

Carriers

Unlike insurance agents, independent insurance agents work for you. They will make sure they keep in mind your best interest not the companies. This is what allows them to make more money at the end of the month. They are also given an option to represent more than one client at a time, meaning selling more than one objective at a time. This is a huge impact for them which will lead to a huge pay day as well. While insurance agents will just work for that company and nothing else, also their paycheck will always stay the same unless they got a raise. The main reason insurance agents become independent insurance agents is because of the reason mentioned above (carries) ; they believe they should thrive to their full potential and this will not happen in one company with the same pay rate for year. Thus, they leave the company and start their own independent business. If the agent does succeed, he or she will most likely be one of the world top independent agents and love their job!

Freedom of choice

Another important aspect of an independent insurance agent is the freedom that comes with it. These type of agents are not built on any company or must go have somewhere at the end of the day. They are built upon themselves to make the business path they have always wanted to thrive in. thus they can pick and choose what clients they want and what products they want to sell. No more taking products without actually thinking there a good deal. However, insurance agents must take any product that is thrown on them since that is there job. And some workers might actually hate their job at one point, therefore they could never succeed the way an independent agent does.

 

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Advantages of being an Independent Insurance Agent

Once you have decided to pursue a career as an insurance agent, you have to decide if being a captive agent or an independent agent is right for you. Both have pros and cons, but choosing a career as an independent insurance agent typically offers a few more advantages.

Independence– Being an independent insurance agent allows you to fulfill your entrepreneurial spirit. You are your own boss. You can work independently, set the tone of you agency and maintain your desired work-life balance. And you reap the rewards of your hard work.

Choice – One of the biggest competitive advantages you will have as an independent agent vs. captives, is the ability to offer customers a choice. Because you represent different insurance companies, you are able to offer a variety of coverage options and price points. On average, independent agents represent five to eight different insurance companies. With your connections and knowledge of the market, you are able to find the best coverage and value for your customers, all the while offering service on a personal level.

Relationships – You will have the opportunity to connect with customers and build lasting relationships. By becoming a trusted adviser, you understand the needs of your customer and can ensure adequate coverage. You are able to help your customers through all stages of life, whether they are renting an apartment or buying a home, starting a business, getting married, adding a teen driver to an auto policy, or looking to cover their retirement condo. You can develop life-long relationships with your customers.

Community – Because you share an interest in the community where your customers live, you are able to understand the benefits and challenges that they face based on your location. You can become involved in the community; sponsoring youth sports teams, buying from local businesses and supporting school organizations.

Finally, when making your decision, you may also consider joining an insurance network. An insurance network provides members with mutual support, extended resources and group benefits. There are many long term advantages that come with being an independent insurance agent. Do your research, weigh your options, and get selling! 

Find out more today by signing up with us! No Obligation, Cost or Fees!

Visit our Join Us page to send in a small application to get started

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Join an Independent Insurance Agent Network to Improve Communications

Your independent insurance agent network can help your team to create a relationship that lasts.

When it comes to engaging with clients, insurers are at something of a disadvantage. Unlike retailers, insurance companies have traditionally been limited to their interactions with customers. This often takes the form of a renewal notice, a bill in the post, or emails. As a result, many customers rarely think about their insurance provider until their latest statement arrives or an incident occurs. An independent insurance agent network helps agencies to maintain good relationships with clients – an essential part of an insurance agent.

You can build a sophisticated customer engagement engine by following these tips.

Data validation – Your agency will have a lot of data, from customer demographics, addresses, assets, and financial statuses. Data is going to build the foundation for your new customer engagement strategy. Finding data software that can perform data cleansing, validation, and reduce duplication is critical to maintaining an organized system. What’s more, it ensures that your communications reach those who need it successfully.

Analytical information – To progress as a business, you need to know what works and what doesn’t. By analyzing data, insurers can identify patterns and trends that support product development, segmentation, and campaigns. Furthermore, the data can be used to determine opportunities with policyholders by personalizing communications.

Relatable relationships – Staying relevant and present is crucial to keeping customers engaged. By engaging customers with individual messages that are relevant to their needs and situations, insurers can create a relationship that lasts and guarantee more revenue in the future.

By joining an insurance network, you get the resources, materials, and advice that your agency needs to thrive. Advantage Partners Network is designed to aid your business, including improving communications, relationships, and thus, revenue. Get started by joining us today! For more information, give us a call.

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