Insurance Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

Start Your Insurance Plan Here

Insurance Company Overview

Who is Best Protection Insurance Agency?

Best Protection Insurance Agency is a new, independent insurance company in Dallas, Texas. Best Protection Insurance Agency specializes in providing insurance products and solutions in the following industries – Construction, Manufacturing, Oil & Gas, Hospitality, and Healthcare. Our office will be located in downtown Dallas and will target small to midsize companies throughout the Dallas metro area. Pricing will be competitive with other area Dallas insurance companies, but Best Protection Insurance Agency will be able to provide a personal level of expertise and service that our competitors are unable to match.

Best Protection Insurance Agency will be solely owned and managed by Chad Porter, a local insurance agent with over twenty years of experience in the industry. Chad has many offers to buy into or partner with other local insurance companies, but has decided to open up his own independent insurance agency. He is licensed in a variety of insurance products and with his knowledge of the industry and local market, Chad will be successful as he has identified weaknesses in the local companies and has developed strategies to overcome them for his own company.

You can download the Insurance business plan (including a full, customizable financial model) to your computer here <–

Best Protection Insurance Agency History

Chad Porter is a graduate of the University of North Texas and has been licensed in a variety of insurance products over the span of twenty years. He has been a Vice President at a local insurance company since 2006 and his portfolio has resulted in revenues upwards of $10 million over the years through his numerous clients. Many competitor companies have made offers for Chad to join their company as Partner or buy into the company, but Chad has chosen to open his own company and provide the Best Protection for his current and future clients for years to come.

Since incorporation, Best Protection Insurance Agency has achieved the following milestones:

  • Registered Best Protection Insurance Agency, LLC as an entity qualified to do business in the state of Texas.
  • Obtained all necessary licenses and permits for a new company insurance office.
  • Signed a 2,000 square foot lease for office space.
  • Registered the domain BestProtectionInsurance.com and began the development of the website.
  • Began recruiting a staff to work under Chad as Best Protection Insurance Agents.
  • Has Letters of Intent from numerous clients of their indication they will move their insurance policies to Best Protection Insurance Agency and obtain Chad as their Agent on Record.

 

Best Protection Insurance Agency Products

Best Protection Insurance Agency will offer the following insurance coverage:

  • General & Liability
  • Business Insurance
  • Workers’ Compensation
  • Commercial Property
  • Umbrella Liability
  • Professional Liability Insurance
  • Wind & Flood Liability
  • Cyber Security Insurance