Freshinsurance
New Member
I am setting up a plan to buy into my current employers insurance agency. We are a very small shop with 3 agents and sell primarily home, auto, and small business. I produce and service existing book of business as part of my job responsibilities. We agreed I should have the opportunity buy into the agency once my book of business generates 100k in commissions. At this time the 100k will be a percentage of total revenues and I will have the right to purchase that percentage of the agency. What is a fair book multiplier to buy in? I will have written 100% of the business with my own contacts, and pay in with reduce commissions. Any advice would be appreciated!!
