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Barbara Carlevale Discusses the Role of the Business Online Banking Administrator

InsurBanc’s Barbara Carlevale speaks on the role of the business online banking administrator and how important it is for the safety and security of an agency’s online banking system. Three key responsibilities to consider are creating a unique ID for each user, establishing the employee’s access level and maintaining user access. How can your agency benefit from this essential role?
Click here to view the video.

InsurBanc is Now on YouTube!

It is with great excitement that we officially announce the launch of our InsurBanc YouTube Channel! We’ve created this channel as a place independent insurance agents can go to view educational videos on topics such as agency financing, cash management, trends in the industry, cyber security and other related content important to the insurance industry.
Currently, we have a few videos of original content demonstrating a variety of financial topics for the independent insurance agents and there will be more videos added every week. The short 2 minute to 4 minute videos cover a range of financial topics including “Intro to InsurBanc”, “Why Agencies Borrow”, “Cash Management Strategies” and “Business Email Compromise (cyber security)”.
We welcome you to explore the channel, SUBSCRIBE to stay informed, and to like and share our videos!
Click here to view our channel.

David Tralka Discusses the Importance of Cash Flow to an Agency

Revenue isn’t always the best measure of agency value, nor should it be a principal’s main concern when trying to grow or sell your agency. Smart agency owners recognize that steady and predictable cash flow is a better determinate of value. Read David Tralka’s article “Why Agencies Should Focus on Cash Flow” to learn more.

Robert Pettinicchi Discusses Promoting Strategies to Attract Young Workers

In InsurBanc’s latest article for IA Magazine, Robert Pettinicchi discusses the insurance industries’ lack of promoting opportunities to attract young adults, and some strategies to draw them into the field. Young workers today are unaware of the benefits that a career in insurance has, one that provides flexibility and autonomy from a healthy income. So other than relying on family to perpetuate their agencies, owners should consider reaching out to a local college or starting an internship program to promote themselves to young employees.

Click here to read the full article.

David Tralka Shares 7 Risks to Analyze for Your Agency’s Safety

InsurBanc’s David Tralka recently wrote an article for The Standard, where he advices agency owners the importance of analyzing the risks of their business, and the steps to eliminate them in order for their business to remain prosperous. Often times, agencies are so focused on their clients’ needs that they neglect their own, placing themselves at increased risk of a cyber attack, etc. These are seven risks you need to assess to protect your agency.
Click here to read the full article.

David Tralka Speaks About Productive Agency Debt

David speaks with Peter van Aartrijk on OnPoint about the current state of the M&A market and how to use productive debt to enhance your agency value and growth.  Simply preparing your agency for a lending situation will compel you to self-assess your agency and learn how to tell a good story to your bank.
Click here to listen to the podcast.

InsurBanc’s Robert Pettinicchi Discusses Why You Should Consider A Staged Internal Perpetuation

In Robert Pettinicchi’s latest article for the Independent Agent, he discusses in depth the factors to consider before selling your agency. A staged internal perpetuation is one factor to consider to keep control of the business in the family and maximize earnings. With selling, not only will you be giving up future cash flows, but also lose on a chance for a solid financial future by not widening ownership in your agency.

Click here to read the full article.

InsurBanc’s David Tralka Discusses How to Prepare for Agency Ownership

David Tralka recently wrote an article for IA Magazine. In the article, he discusses the five reality checks to ensure you’re ready for agency ownership. It takes a deliberate plan of action to be the next agency owner, and it is imperative that you get yourself involved in all areas of the business. These reality checks can help current agents plan for the future of their agency ownership.

Click here to read the full article.

InsurBanc’s David Tralka Discusses Borrowing for Agency Growth

In David Tralka’s recent interview with NU Property Casualty 360, he discusses the productive ways agencies can use debt to increase the value of their firm. Borrowing money can be a winning proposition if you borrow carefully and wisely, propelling your agency forward with improved cash flow and growth over time. Whether your specific growth plans consists of hiring new producers or upgrading technology, Tralka discusses the fundamental methods and benefits of borrowing for agency growth or improvement.

Click here to read the full article.

InsurBanc’s David Tralka Discusses Agency Valuation

In David Tralka’s latest article for Insurance Journal, he discusses what creates agency value and how markets determine the price your agency is worth. There are different ways to look at value, but not all of them give an accurate picture. If you want more control over your agency’s value, organic growth is a great option. Owners should work to increase the value of their agency to ensure that they will get top dollar when it comes time to sell.

How can you increase your agency’s value? Click here to read the full article.