Explanation of Benefits

  1. RETAINED OWNERSHIP: Even though all company contracts are through Insurance Associates of America (IAA) the agency is still 100% owned by you.
  2. INCREASED MARKETS: Through IAA we are able to represent more companies by spreading the production requirements.
  3. INCREASED CONTINGENCIES: By having all of IAA’s agencies premium volume count toward the contingencies the percentages paid by the companies are significantly higher.
  4. MORE STABLE CONTINGENCIES: By having a large premium volume with a company the large shock loss will not have as dramatic effect on the loss ratio.
  5. REDUCED FEAR OF LOSING A COMPANY: Companies are less likely to terminate agencies’ contracts if they have a large production volume. IAA has a book of one million dollars plus with most of our companies.
  6. PREFERRED AGENCY CONTRACTS: IAA as an alliance has the power to negotiate different contracts due to our volume of business with each company. This can result in better commission and contingency levels, as well as other benefits. Underwriting considerations are also more likely for these agents.
  7. EXPERIENCED HOME OFICE SUPPORT STAFF: Knowledgeable support staff to answer questions you may have about placing new business.
  8. COMPARATIVE RATING PROGRAM: A state of the art comparative rating program is provided. This program will rate up to 36 different companies and over 100 plans for both auto and homeowners.

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  1. THE LATEST IN MARKETING IDEAS: We have proven results in developing personal and commercial marketing ideas. We are also in constant contact with agencies around the country to monitor what works, and just as importantly, what does not. We coordinate this information with our agents.
  2. REDUCED COST OF MANAGEMENT SYSTEM: IAA has negotiated reduced costs on the AMS 360 agency management system. This cost is much less than an agency would be able to get on their own.
  3. NEW AGENT FINANCING: From either company sponsored programs or from within IAA, there are several different ways for us to assist in making your agency grow.
  4. PERPETUATION PLANNING AND FINANCING: At the time you wish to move on or get out of the business, we are able to assist in finding a buyer as well as getting the needed financing for the prospective buyer.
  5. COMPANY SPONSORED TRIPS: Any agency that qualifies for a company sponsored trip would have the first choice to attend it. In the event that a company only allows one trip to be earned for IAA the agency that qualified first would receive the trip.
  6. SERVICE CENTER OPTION: For the agency that wishes to hand off the service of personal lines and/or commercial lines we have a full service support department. Your customers can either call your phone number that is forwarded to the service center or they can call our 800 service center number. In either case the phone is answered generically that your customer will believe they are speaking with your agency locally.