If you've been considering rebranding your insurance agency, is this a good time or a bad time to rebrand? Rebranding your agency comes with many considerations at the best of times. Should you rebrand during COVID-19, and if so, what direction should you take?
With more people at home, how can you reach out to your clients with experiential marketing? In 2020, marketing has changed. Experiences have changed. In fact, the ways in which your clients are interacting with your business may be very different than they were just a few months ago.
During COVID-19, you may not be able to see your clients, but you can still be a good communicator. Maintaining communication with your clients is essential to creating and maintaining outstanding client relationships. As clients' personal circumstances change due to COVID-19, they may need to connect with you to change their insurance.
Managing business expenses at your insurance agency is complex during a typical year. However, bring a pandemic into the mix and your business becomes a lot more complex.
The changes to our way of life have substantially changed (at least temporarily) due to Covid-19. But how does that affect agency value and your plans to buy or sell an agency? While the insurance industry is relatively recession proof, Covid-19 can and will have an impact on insurance industry M&A in addition to how we currently run our agencies.