Many insurance agencies invest little or no time in maintaining accounting records. Let’s face it, with the demands on owners in running day to day operations, who has time? In many cases commission statements and loss ratios can’t be found. Believe it or not, the biggest challenge when selling an insurance agency is proving your annual revenue. We constantly help agency owners contact insurance carriers for commission statements and loss ratios. Here are a few steps to help you organize this information so if and when you decide to sell your agency, it’s ready to show. Continue reading "Organizing Accounting Records"