Many insurance agency owners wait until they're ready to sell before getting a valuation. This is a critical mistake that can cost you significantly—both in missed opportunities and in final sale price.
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Contingency planning is essential for any business, particularly for agencies with a single owner. A well-structured contingent buy/sell agreement serves as a safeguard, ensuring that business operations continue smoothly even after the sudden death or disability of an owner. The insights from INS Capital Group highlight the critical need for these agreements and the risks associated with their absence.
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