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Agency Perpetuation

Wichert Insurance

Wichert Insurance is comprised of separate corporations or limited liability companies operating in locations throughout Ohio, Pennsylvania, and Florida.

Defining Differences

Wichert Insurance creates, builds and perpetuates agencies in concert with co-owners.  Key Wichert differences include:

  • Wichert provides legal, financial, accounting, automation and insurance markets to group agencies without necessitating a majority equity interest.
  • Wichert provides all employees and support services to owners who are typically the resident principal or longtime previous owner.
  • Wichert performs all “back office” administrative functions at the home office leaving the local offices to focus on sales and customer service.
  • Agency owners maintain significant autonomy in the day-to-day activities of the agency.
  • Wichert provides the insurer contract and appointment with many leading insurers. Many contracts are on a preferred basis, giving individuals the clout and respect only found in larger agencies.
  • Wichert Insurance transactions have included retirements, estates, merging offices and the operation of an existing office. These transactions have been cash, cash plus retention, owner financing, bank financing, C-corps, S-corps, LLCs and retention-only plans.

Planning for the Future

You have built a successful business with valued clients and employees. Now it’s time to think about and plan for the future.

  • How will you realize the value of your agency? How will you transition to retirement? What if you want to slow down a bit and enjoy more time away from the business, but are concerned about the operations?
  • Are back office operations dragging down the productivity of your staff? Could their time be better spent on sales and customer service?
  • Are you struggling to get the attention and service from markets that your business deserves? Do you need to offer better or different carrier options to retain your customers? To grow your business?
  • Does your technology and automation need a significant investment of both dollars and training?

Getting Started

#1 - Explore

While we believe Wichert's procedures will maximize your financial interest, we feel the best place to start is a confidential discussion of your overall agency goals, and how Wichert may be able to help you achieve them.

#2 - Agree

If it appears that we have common ground, we will sign mutual confidentiality agreements to examine financial statements, company production reports employee contracts and other necessary information.

#3 - Plan

If we continue to move forward, we will examine tax aspects related to the type of corporation versus the possible transaction. We will talk openly about value, potential and plans to perpetuate your agency.