King Insurance Named 2019 Best Practices Agency
Sept. 5, 2019 — Congratulations to Chad King and the entire team of insurance agents at King Insurance for being a recipient of the 2019 Best Practices award. King Insurance has been selected to join an exclusive group of independent insurance agencies from around the United States participating in the Independent Insurance Agents & Brokers of America, or IIABA (Big “I”) “Best Practices” Study Group.
Out of the 1,300 agencies nominated this year, only 267 were included in the Best Practices group, a prestigious honor. To be chosen, the agency had to be among the top 35–45 best-performing agencies in six revenue categories (revenue growth, sales velocity, expenses, profitability, rule of 20, and agency specialization).
Each year since 1993, the IIABA and Reagan Consulting, based in Atlanta, GA, join together and analyze the leading U.S. agencies in these six categories. The agencies in the annual study groups are chosen every third year by way of a thorough nomination and qualification process and awarded a “Best Practices Agency” classification.
King Insurance was nominated by either an IIABA-affiliated state group or an insurance company, and the Gainesville insurance company qualified based on its operational excellence.
The Best Practices Study was started by IIABA in 1993 as the foundation to help improve agency performance. The annual study of these leading independent insurance companies documents their business practices and urges other companies to adopt similar ones.