Consolidated Insurance + Risk Management retains its Best Practices status for the 5th consecutive year, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
Since 1993, the Big “I” and Reagan Consulting, an Atlanta-based management consulting firm, have join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the second year of the current three-year study cycle, where over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual study in 2019, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
Dan Workmeister, President, says, “Consolidated is honored to receive the Best Practices status again this year and looks forward to continuously supporting our clients through insurance knowledge, business know-how, and community relationships.”
Consolidated Insurance + Risk Management was founded in 1938 and offers commercial, personal, surety, and employee benefits products.
Please contact Consolidated at 410-356-9500 or www.consolidatedinsurance.com if you have any questions or to receive a quote.