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Personal Insurance Agent Business Plan

3 March 2023 Businnes Plan


Personal Insurance Agent Business Plan


Plynthe Insurance will operate as an independent personal brokerage in Peristyle Gardens. The company provides insurance advice, policy types, and selections from every insurance provider on the market. Kolem Plynthe is a newly licensed agent in insurance. The business will start as a home-based venture and grow over time to include an office where Plynthe and associate agents can collaborate. Plynthe is an experienced salesperson and has the potential to succeed in the insurance market.

Plynthe Insurance stands to be a profitable business which will provide salary and dividends for Kolem Plynthe, its sole owner. Salary to Plynthe plus profits will increase moderately but steadily. Plynthe can launch the business without borrowing or external investment. The only thing that is required to fund it is her savings and personal borrowings. Plynthe Insurance needs a long term loan in order to finance an expansion to its office. It will be available for repayment during the second year.

Objectives

Plynthe Insurance will measure its success by achieving the following objectives.

  1. Build revenues quickly in the first year of operations.
  2. Rent an office and add an associate insurance agent in the second year of operations.
  3. Reach revenues double in third-year operations, with a reasonable net loss.

Mission

Plynthe Insurance’s mission is to provide insurance that covers property, casualty, life, and other risks to Peristyle Gardens residents.

Keys to Success

Plynthe Insurance will adhere to these principles in order to reach its goals:

  1. Keep your distance from any insurance provider’s direct affiliates
  2. Think of each client’s needs holistically to consider all the potential risks in their lives
  3. Reputation of caring, fairness, empathy, expertise


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