The impact of the corona virus is growing throughout the U.S, and like all small business owners, Allstate Insurance Agency owners will need to have a plan to navigate these uncharted waters. In an attempt to help, many states have already permitted small business owners to apply for low-interest loans to cope with the impact of COVID-19. SBA is going …
Allstate Plans to Retire Struggling Esurance Brand as Part of Broader Overhaul
“Allstate has thrived for 88 years through innovation such as the use of local branded agencies, telematics pricing for auto insurance and settling auto insurance claims with digital photos,” Tom Wilson, Allstate’s chairman, president and CEO, said in prepared remarks. “This plan builds on a history of creating change and will improve our competitive position and accelerate growth. Customers will …
Allstate’s Transformative Growth Plan Includes Revamping of Agent Commissions and more Marketing
One of the many changes: How agents earn commissions. “When asked how agents are responding to the growth plan changes, Shapiro said that a marketing boost is “wildly popular” and that agencies who are growing fast and are built for expansion appreciate the commission change.” Read More: https://www.carriermanagement.com/news/2020/02/07/203001.htm
How to Get the Funds Your Allstate Insurance Agency Needs
Are you a Captive Allstate Insurance Agent? Probably, you’re looking for some reliable sources of fresh capital to grow your business. Well, in this situation, it is first important to understand what potential sources an Allstate Insurance Agent may utilize to get a loan for their business. The article below will help you learn about some of the best funding …
How to Get Business Loans for Allstate Insurance Agents
What are Allstate Insurance Agency Loans? An Allstate insurance agency loan is a business loan that may be used to grow or purchase an existing Allstate Insurance Agency book of business. Not unique to Allstate Insurance Agencies, working capital is often required because of when premiums are renewed and the frequency of commission payments. Between regularly scheduled commission payments, the …
Loans for Allstate Insurance Agents – A Few Things to Consider
Like many small business owners, Allstate Insurance Agents are regularly searching for working capital loans to help grow their insurance agencies. Banks are often hesitant to provide loans to Captive Allstate Agents without requiring some kind of physical asset (e.g. primary residence) to be used as collateral for the business loan. Why is this? From a lender’s prospective there’s certainly …