This insurance agency business plan template is for people starting a multi-line insurance brokerage. That means selling several types of coverage under one roof, like auto, home, life, health, and business insurance.
Insurance agencies work in a unique way, though. Lenders don't just look at your sales. Instead, they look at your "book of business." This term refers to all the policies you manage.
Three things matter most to them. They want to see your commission on each type of policy. They want to know how many customers renew each year. And they want to see whether your servicing costs grow slower than your sales.
Your plan needs to show all of this, using both words and numbers together. Here's what that looks like in real numbers. This template comes with a sample company, HarborShield Insurance. It sells four types of insurance with auto and home leading the way. By Year 3, its profit margin reached a healthy 56%. Getting there takes $99,000 in funding, used not to buy someone else's customer list, but to build strong internal systems and keep cash on hand for everyday needs.
