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Stay up-to-date on important industry news and the latest products and services from InsurBanc.
President and CEO of InsurBanc, Dave Tralka, recently wrote an article for Independent Agent Magazine. The article unpacks what it will mean to expect the unexpected in 2021 and how agency principals can retain value and sustain their earning power even through a pandemic.
Click here to read the article.
Listen to InsurBanc President and CEO David Tralka talk with Peter van Aartrijk and get up to speed quickly on what you as an owner should be anticipating in the marketplace, the Payroll Protection Loan program and how to create an opportunity out of the disruption. Dave also discussed that now is the time to take a look at how you reacted to what has happened and make adjustments to your business practices and offers some specific actions that owners must consider ASAP.
Click here to hear the podcast.
Is you agency’s email security up to date? InsurBanc discusses business email compromise that is affecting small to medium sized businesses. A type of phishing attack that involves cyber criminals impersonating an employee or executive at a company or a trusted vendor, such as your bank. Employees are then tricked into moving money or reveling sensitive information.
Click here to learn more.
Is your agency’s cash management system up to date? Are you aware of the latest cyber protections? In InsurBanc’s latest article for IA Magazine, Patricia Smith discusses three ways to improve outdated cash management and security practices that could be hurting your agency. Whether your agency still deposits checks manually or doesn’t invest enough on cybersecurity protection, then you might want to consider modernizing your agency to improve cash flow and protect your assets so that your agency doesn’t fall behind competitors.
Click here to read the full article.
InsurBanc’s Keith Mangini discusses the average bank’s tendency to base loan value on tangible assets. InsurBanc, however, considers all of an insurance agency’s assets, including the agency’s book of business and predictable cash flow in the agency loan structure.
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InsurBanc’s Pattie Smith discusses the need for new and established insurance agencies to consider creating an effective cash management strategy to handle the collecting, management and investment of an agency’s cash.
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InsurBanc’s Keith Mangini and Scott Freiday speak on what documents insurance agencies should expect to submit when applying for agency financing. Financial forms include the agency’s tax returns and financial statements, along with the agency principals’ personal tax returns and financial statements.
Click here to learn more about what you should expect.
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.
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.
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.
InsurBanc understands independent agents and their businesses. We specialize in insurance agency financing. Whether your needs include agency perpetuation funding, insurance agency acquisition or simply understanding your cashflow as it relates to your banking needs, InsurBanc can help agencies nationwide.
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InsurBanc will be closed on Monday, October 9th in observance of Columbus Day.
