Personal Insurance Agent Business Plan Leave a comment

Plynthe Insurance will be an independent personal insurance brokerage located in Peristyle Gardens and serving the adult population of the town with insurance advice, a variety of policy types, and selection from any insurance provider available on the market. Kolem Plynthe (a newly licensed insurance agent) will launch the company as a house-based business. In future years, Plynthe plans to expand the office to allow him to collaborate with associate agents. Plynthe’s success as a salesperson makes him a good choice for the insurance industry.

Plynthe Insurance is a profitable company that will pay salary and dividends to Kolem Plynthe (its sole owner). Plynthe will be paid a steady increase in salary as well as profits. The business can be launched without external investment or loans, relying only on Plynthe’s savings and personal borrowings. Plynthe Insurance will need a long-term loan to finance the expansion of an office. This loan must be taken out during its second year.

Objectives

Plynthe Insurance will measure its success by achieving the following objectives.

1. Build revenues quickly in the first year of operations.
2. Rent an office, add an associate insurance agent during the second calendar year.
3. With a moderate net profit, reach revenues double in the third year.

Mission

Plynthe Insurance’s mission is to provide insurance that covers property, casualty, life, and other risks to Peristyle Gardens residents.

Keys to Success

Plynthe Insurance will use these principles to achieve its objectives:

1. Remain independent of direct affiliate ties to any specific insurance providers
2. Consider all of the possible risks that could affect your client’s life.
3. Keep a reputation for care, fairness and empathy.