Montgomery & Associates Insurance and Financial Services Agency Receives Best Practices Designation Fourth Year in a Row
By: Montgomery & Associates
Only 267 independent agencies of the over 1,300 nominated in the U.S. qualified for inclusion in the 2019 Best Practices Study. An IIAB- affiliated state association or an insurance company must first nominate the agency which then must qualify based on outstanding customer retention, growth, stability and financial management.
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual study of leading independent insurance agencies, which is conducted for IIABA by Reagan Consulting of Atlanta, Ga., documents the business practices of these high performance agencies and urges others to adopt similar practices.
Hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions. The IIABA and Reagan Consulting jointly maintain the Best Practices Gateway that provides executive summaries of the annual Best Practices Studies.
The 2019 Best Practices Study sponsors are Agency Business Solutions and Amerisure, Applied, Beyond Insurance, Central Insurance Companies, Chubb, EMC Insurance, Encompass/Allstate, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual Insurance and Safeco Insurance, MetLife, Nationwide, Travelers, Vertafore and Westfield Insurance.
Montgomery and Associates Insurance and Financial was founded in 2010 and has offices in Brentwood, Nashville and Murfreesboro TN. The agency's insurance products include Home, Life, Automotive, Renters, Liability, Workers Compensation, Commercial, and other lines of coverage. Montgomery and Associates is an independent agency providing quotes from multiple carriers such as Progressive, Nationwide, Safeco, MetLife, Chubb, AIG, AFLAC, Fireman's Fund and others. They are the recipients of several local awards including the Small Business of the Year from the Nashville Business Journal, Favorite Insurance Agent in Murfreesboro, MetLife Leader Designation, and Best Williamson County Insurance Agents.
Montgomery & Associates Insurance and Financial