Business Plan TemplateIf you want to start an Insurance business or expandyour current Insurance, you need a business plan.The following Insurance business plan template givesyou the key elements to include in a winning Insurance business plan.Below are the key sections of your Insurancebusiness plan:1) Executive Summarya. Business Overviewb. Success Factorsc.
Financial Highlights Business OverviewCompany Name, located at insert location here isa new small business interested in offering insurance services to its clients.The company will operate in a professional setting. Company Name is headed byFounder’s Name, State qualifications and business done over the years or ifemployed, in what capacities you have worked.ServicesCompany/ individual’s Name will focus on closeclient relationships. State the services you will render in your capacity as aLeadway Franchisee, the number of people who will work with you, either fulltime or part time.
Also state what their job functions will be.The founder/owner, Founder’s Name, will also focuson answering his clientele’s insurance needs you can also add other things youwill focus on to satisfy your customers.Company’s /Individual’s Name services will includeoffering every type of insurance a small business/individual may need. CompanyName will become a long-term partner with each client rather than a one-timetransaction.CustomerFocusCompany Name will primarily serve the businesseswithin a 5km radius of our location.
The demographics of these customers are asfollows: 1,500 businesses how many businesses within your radius Under 100 employees (Average is 42)what is the number of employees these small businesses will have How many companies are around your location both big, small, privately owned etc. Top represented sector within your location Average annual payroll for firms with 20-99 employees of $1.3 millionThese small businesses and the individuals that livewithin this area are often growing and in need of additional insurance as theygrow. Furthermore, Company Name will seek contacts with business startups inorder to find insurance for them from the time of their launch on.Management TeamCompany Name’s most valuable asset is theexpertise and experience of its founder, Founder’s Name. First name hasbeen a licensed insurance broker for the past 20 years. He has spent much ofhis career working at One-Stop Insurance Brokers, Inc.
There he specialized inpersonal insurance for 10 years before moving to specialize in businessinsurance for the next 5 years. He sold business insurance to over 1,000 firmsduring that time.Company Name will also employ an experiencedassistant to help with various administrative duties around the office.
Assistant’s name has experience working with C-level executives and has spentsignificant time as an administrator.Success FactorsCompany Name is uniquely qualified to succeed dueto the following reasons: Company Name will fill a specific market niche in the growing community we are entering. In addition, we have surveyed local businesses and received extremely positive feedback saying that they explicitly want to make use of our services when launched. Our location is in an economically vibrant area where new businesses are starting at a fast rate. The management team has a track record of success in the insurance brokerage business. The local area is currently underserved and has few independent insurance brokers offering specific expertise in the full range of small business insurance.Financial Highlight’sCompany Name is seeking a total funding of$160,000 of debt capital to open its office.
The capital will be used forfunding capital expenditures and location build-out, hiring initial employees,marketing expenses and working capital.Specifically, these funds will be used as follows: Store design/build: $50,000 Working capital: $110,000 to pay for marketing, salaries, and lease costs until Company Name reaches break-even