Thinking of Joining an Aggregator or Cluster?
- THINGS TO CONSIDER -
The New York independent agency landscape has seen many changes over the years, but none more than the development of interagency relationships via groups, clusters and aggregators. The creation of these models has served the needs of many independent agents over the years through carrier access, scale, pooling of resources, training and education, marketing, and in some models underwriting and placement support.
The intent of this worksheet is to highlight questions for you to consider contractually and relationally when researching the potential of partnering with an aggregator or cluster. These models vary in structure and contractual obligations, so it is important to remember it is not “one size fits all” and what works for some agents may not work for you.
Created in collaboration with NY First, a coalition of insurance companies that support the independent agency system.
How to Use This Resource:
Download the printable worksheet OR click on
the collapsable categories below to expand them,
revealing questions meant to guide you in your
PLEASE NOTE: This document is not intended to recommend one model over another, as the decision to join an aggregator or cluster is a very personal business decision driven by your short and long term needs and objectives. It’s important to assess if that model offers the services, carrier access and income that will help your agency to be effective and sustainable over time. This guidance is not intended to provide specific advice about individual legal, business or other questions. It was prepared solely for use as a guide, is not a substitute for agents’ independent evaluation of any provision in a contract, and is not a recommendation that a contract including the language be signed or rejected. If specific legal or other expert advice is required or desired, the services of an appropriate and competent professional, such as an attorney, should be sought.