 Facts on Affiliating
Frequently Asked Questions
Consolidated Insurance Agents is a master agency dedicated to assisting New Jersey Insurance Agencies and Producers. Our objective is to optimize profit potential by leveraging our combined premiums and employing specialized programs designed for New Jersey insurance agencies.
Is your time and attention being compromised by other non-selling activities?
Like you, our heritage is as a hometown agency dedicated to serving our policyholders. We enjoyed building our business by providing great service and maintaining our relationships. CIA was designed to bring together accomplished agencies to keep that tradition alive. Join our select team, today!
It really is about Strength & Numbers
If you have the skills and background to do better, and are frustrated by internal and external factors beyond your control, now is the time to act.
Don’t let old beliefs stand between you and a sustainable, autonomous future! Review these most frequently ask questions:
1. Will I lose my autonomy?
NO! You will run your Agency as you always have. Collectively we will have business goals which are as lucrative as possible.
2. Who should join CIA?
Agencies interested in increasing their commission income and qualifying for or enhancing contingency income programs. Additionally, agencies that may need administrative, business development, and/or operational support can benefit greatly from our Strength & Numbers Plan. CIA Strength & Numbers
3. Why should my agency affiliate with CIA?
Larger agencies have a greater advantage when matched against their lesser peers. More markets, more commission and greater contingency puts the local agent at a great disadvantage. Further, carriers are paying less in commission when production demands are not meet. Short run prospects for a change in this trend are unrealistic.
4. Are there different ways of affiliating?
Yes. CIA understands the business and personal side of making the decision to protect your agency and affiliate with us. We offer 4 levels.
Equity Partner - Requires $10 million premium volume plus investment
Producing Partner – Annual production requirement
Strategic Partner - Combine selective carrier volumes
Alliance Partner - Combine the majority of your carrier volumes for the most lucrative compensation
5. What are the costs involved?
A $150.00 a month service fee for unlimited transactions. Annual Partner fees are based upon a percentage of annual premium volume.
6. What commitments will I be making?
You choose your own level of commitment based upon your affiliating partnership strategy. CIA welcomes active interaction of members and their teams.
7. What can I expect from CIA?
Your affiliation and that of the other members provides powerful representation with our carriers. With your input and enthusiasm our unified relationship promises a more secure income.
8. What about my current commissions and contingency plans?
Minimally, you will continue to earn your current commission levels with your contracted carriers. In many cases, we have negotiated on your behalf with these carriers and earned increased commission. By utilizing the law of large numbers we receive higher contingency percentages than an agent can expect on their own.
9. How do our organizations interact?
Normally, you will keep your Carrier assigned Agency Code. However, in the future the code will move under the CIA umbrella. Direct Carrier rating interface will be set up immediately so you can rate, issue and endorse policies whenever possible.
10. How do we get started?
Submit the Contact Us Form to start the process by having a confidential discussion with one of our founders. The Partner Relationship process typically takes about 60 days to complete.
Please Contact Us to get more information!
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