If you’ve ever been stuck in a bad contract, you know how frustrating the experience can be. Maybe you had a gym membership you never used, or a phone plan that ended up costing way more than expected. You thought it was a good deal when you signed up, but now you’re having major regrets.
Now imagine being stuck in a bad contract that threatens your career or the future of your business. When you set out to join an insurance network, aggregator or cluster, you may encounter paragraph after paragraph of boring legalese. Then the real implications and consequences of the contract are revealed, and it’s not at all what you expected.
This is not a situation you ever want to find yourself in.
That’s why it’s important to look for agent-friendly contracts when you consider an agency network or similar partnership. Below are six points to consider when examining the contract of an agency network, cluster or aggregator group, alongside the approach Smart Choice uses in its agency-friendly contract.