The PIA Partnership Launches Agency Perpetuation Planning Program
PIA National and its carrier council, The PIA Partnership, have unveiled a new agency perpetuation planning program for PIA members and agents appointed by carriers participating in The PIA Partnership.
The PIA Partnership’s new Agency Journey Mapping program, available at www.agencyjourneymapping.com, explains the means and methods of determining agency valuation based on cash flow potential and future earnings potential. The program then expands to identify how agencies may plan for their own internal or external succession to achieve the goals of the perpetuator, the successor, and the staff and clients of the agency.
“Every agency will eventually perpetuate at the death, disability or retirement of its owners or earlier sale of the agency,” said PIA National President Dennis Kuhnke, CIC, CPIA, of Milwaukee, Wisconsin. “Yet few agency owners adequately prepare for perpetuation and fewer still understand the principles of valuation to properly calculate their business’s value in a succession or perpetuation. Our goal is to help agents understand the issues surrounding agency perpetuation, while making it easy for them to create a personalized perpetuation plan for their agencies.” -more-
Attend a short webinar to learn more about Agency Journey Mapping.
Date/Time: January 30, 2020, 1:00-1:30 PM EST.