Buy-Sells, Non-Competes, Producer Contracts...

 

Insurance is all about contracts. And yet, agencies often take a cavalier approach to their own contracts. Many agents simply use borrowed or boilerplate contracts as their own.

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Using a borrowed or boilerplate contract, whether it be for a buy-sell agreement, producer contract, non-compete, or any of the other many contracts agencies use, is neither safe nor effective.

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Even when an agency involves an attorney in drawing the contract, if the attorney is not experienced with insurance agencies, the contract will likely be incorrect and/or inadequate, which often causes more harm than good.

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Insurance agencies are simply too unique. Agencies' contracts require specific terms and clauses to protect the parties involved--and this is precisely where Burand & Associates can help. We bring years of insurance agency specific experience and knowledge to the drawing board.

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Whether reviewing existing contracts or developing new contracts, we can identify the terms required to meet the needs of the agency and all the parties involved.

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We are not lawyers, so we always recommend a lawyer review the final contract. However, we help ensure the contract fits the unique and specific needs of the agency.

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Please NOTE: The material contained herein is for informational purposes only and is not intended as legal advice. Seek legal counsel regarding any applicable laws. Also, neither Chris Burand nor Burand & Associates, LLC practices law or accounting, therefore the agency should seek proper legal and/or tax advisement before taking action upon any statements herein.