Bogle Agency Insurance Awarded Annual IIABA Best Practices Status
Bogle Agency Insurance has been awarded the IIABA Best Practices status for the 15th year in a row! This accolade is in keeping with our firm’s mission to provide excellent service while following the best practices laid out by the insurance industry. Garnering the Best Practices Status places Bogle Agency Insurance in an elite group of independent insurance agencies around the United States. “Best Practices” designation comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. This is an annual survey and study of leading independent insurance agencies, documenting the business practices of the “best” agencies. In addition, the results are shared with independent insurance agencies around the nation, urging others to adopt similar practices.
Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies in six revenue categories. The agencies in the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. Those agencies included in the study were nominated by either an IIABA affiliated state association or by an insurance company. After the nomination, those designated as a “Best Practices Agency” are then qualified based on operational excellence.
Best Practices is a three-year cycle
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data to be reviewed each year. This is the third year of the current three-year study cycle. Over 1,500 independent agencies throughout the United States were nominated to take part in the annual study in the first year of this three year cycle, 2016, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
Our company, Bogle Agency Insurance is honored to have received the Best Practices award for 15 consecutive years! Bogle Agency Insurance was founded in 1919 and offers Commercial, Personal, Health and Life insurance products from numerous companies. For further information please contact Philip R. Bogle of Bogle Agency Insurance at (201) 939 -1076.