The support of an insurance agency network can be vital to helping independent agents grow their agencies, but some network partnerships can quickly become venomous. Beware of contracts that undermine your long-term success, cut into your profits and restrict your autonomy.
Once you’re in a bad network partnership, leaving your contract may be difficult. Do yourself a favor and learn how to avoid putting your business at risk. Once you learn how to spot hidden contract clauses that could threaten your goals, or trap you in a bad situation, avoiding them is easy.
What to look for in a network contract
Download this whitepaper to discover sneaky network clauses to avoid including:
- Fees - initiation, maintenance, separation, renewal, etc
- Uncapped commissions
- Restrictions
- and more