Primary Advantages

Independent agents with premium ranging from $500,000 to $50 million join Iroquois for one of the following major advantages:

1) For assistance with Market Optimization. Iroquois analyzes its member agency’s current markets and helps them determine the optimum market representation so they can write and retain more business, for the benefit of the agency and its clients. Market Optimization usually involves identifying and developing new and better carrier relationships while sometimes eliminating older, less beneficial ones.

a. New carrier appointments through Iroquois usually involve much lower volume commitments than that required for a direct carrier appointment.

b. If a book transfer from a less productive to a new and more productive carrier is warranted, Iroquois can help manage the entire process through its Market Alignment Program (MAP). Through the MAP, Iroquois helps minimize the resulting disruptions and expense of a book transfer to clients, the agency and its staff; and helps maximize the benefits of the change for all concerned.

2) For strategies to maximize agency revenue, profit and value.

a. Iroquois has earned enhanced commission and profit sharing agreements with its Carrier-Partners so its members can earn more revenue than they would under a direct carrier appointment.

b. Member Agents can earn profit sharing from a specific carrier with as low as $50,000 in written premium.

c. Iroquois can provide guidance and strategies on Perpetuation and ways to maximize your agency value.

3) To gain the negotiating leverage that your largest agency competitors have – without giving up your independence.

a. Iroquois doesn’t take an ownership position in your agency or tell you how to run it. You decide which benefits and services that Iroquois offers are best for your agency. Use them as much or as little as you choose. It’s your decision.

b. Iroquois doesn’t charge an initiation fee.

c. You can terminate your Iroquois contract with 90 days notice (not that you will ever want to.)


 

Advantages
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