Insurance Business Plan Home
You’ve come to the right place to create your insurance business plan.
We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their insurance companies.
Below are links to each section of your insurance business plan template:
2. Company Overview
3. Industry Analysis
4. Customer Analysis
5. Competitive Analysis
6. Marketing Plan
7. Operations Plan
8. Management Team
9. Financial Plan
Insurance Business Plan FAQs
What Is an Insurance Agency Business Plan?
An insurance agency business plan is a plan to start and/or grow your insurance business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
What Are the Main Types of Insurance Companies?
There are a few types of insurance agencies. Most companies provide life and health insurance for individuals and/or households. There are also insurance agencies that specialize strictly in auto and home insurance. Other insurance agencies focus strictly on businesses and provide a variety of liability insurance products to protect their operations.
What Are the Main Sources of Revenue and Expenses for an Insurance Agency Business?
The primary source of revenue for insurance agencies are the fees and commissions paid by the client for the insurance products they choose.
The key expenses for an insurance agency business are the cost of purchasing the insurance, licensing, permitting, and payroll for the office staff. Other expenses are the overhead expenses for the business office, utilities, website maintenance, and any marketing or advertising fees.
How Do You Get Funding for Your Insurance Agency Business Plan?
Insurance agency businesses are most likely to receive funding from banks. Typically you will find a local bank and present your business plan to them. Other options for funding are outside investors, angel investors, and crowdfunding sources.