Business Plan TemplateIf you want to start an Insurance business or expand
your current Insurance, you need a business plan.The following Insurance business plan template gives
you the key elements to include in a winning Insurance business plan.Below are the key sections of your Insurance
business plan:1) Executive Summarya.
Financial Highlights Business OverviewCompany Name, located at insert location here is
a new small business interested in offering insurance services to its clients.
The company will operate in a professional setting. Company Name is headed by
Founder’s Name, State qualifications and business done over the years or if
employed, in what capacities you have worked.ServicesCompany/ individual’s Name will focus on close
client relationships. State the services you will render in your capacity as a
Leadway Franchisee, the number of people who will work with you, either full
time or part time. Also state what their job functions will be.The founder/owner, Founder’s Name, will also focus
on answering his clientele’s insurance needs you can also add other things you
will focus on to satisfy your customers.Company’s /Individual’s Name services will include
offering every type of insurance a small business/individual may need. Company
Name will become a long-term partner with each client rather than a one-time
FocusCompany Name will primarily serve the businesses
within a 5km radius of our location. The demographics of these customers are as
1,500 businesses how many businesses within
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 million
These small businesses and the individuals that live
within this area are often growing and in need of additional insurance as they
grow. Furthermore, Company Name will seek contacts with business startups in
order to find insurance for them from the time of their launch on.Management TeamCompany Name’s most valuable asset is the
expertise and experience of its founder, Founder’s Name. First name has
been a licensed insurance broker for the past 20 years. He has spent much of
his career working at One-Stop Insurance Brokers, Inc. There he specialized in
personal insurance for 10 years before moving to specialize in business
insurance for the next 5 years. He sold business insurance to over 1,000 firms
during that time.Company Name will also employ an experienced
assistant to help with various administrative duties around the office.
Assistant’s name has experience working with C-level executives and has spent
significant time as an administrator.Success FactorsCompany Name is uniquely qualified to succeed due
to 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 for
funding 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