Insurance Portal

Key Takeaways:

• Cyclists involved in accidents with motor vehicles may be covered by the driver’s car insurance policy, including UM/UIM coverage.
• While home insurance provides some protection, it may not cover all risks associated with bicycle accidents. Cyclists should evaluate their policies and consider additional coverage options to close the gaps in protection.
• Specialized bicycle insurance policies offer comprehensive coverage that extends beyond what’s provided by home or auto insurance, making them an excellent option for serious cyclists.
• Innovative insurance products are emerging that cater specifically to cyclists, offering more tailored and flexible coverage options.

Cycling has gained immense popularity in recent years, driven by trends like eco-friendly commuting, fitness, and urban congestion relief. It’s estimated that over 730,000 Americans bicycle to work daily with that number exploding exponentially on ‘National Bicycle to Work Day’, held in May of each year.

However, as more people take to the streets on bikes, the risk of accidents increases. According to the National Highway Traffic Safety Administration (NHTSA), over 857 cyclists were killed in 2023 in the U.S., while thousands more were injured.

The Rising Need for Bicycle Accident Insurance Coverage

With the rise in cycling accidents, the topic of bicycle accident insurance coverage is becoming more critical. Many cyclists don’t realize that the same protections available for cars are often available to them, or that there are specialized policies designed to meet the unique needs of riders. Whether you’re commuting or riding for leisure, understanding your options for insurance coverage is key to being prepared for the unexpected.

In this definitive guide, we explore the ins and outs of insurance coverage for cyclists, starting with general policies, specialized coverage, and how existing insurance policies like homeowners or auto insurance come into play. We will dive into solutions and strategies for ensuring you’re fully covered in the event of a bicycle accident.

Standard Car Insurance and Bicycle Collisions—How Auto Policies Can Help Cyclists

Standard car insurance policies can often provide coverage for cyclists in the event of a bicycle collision, particularly if the collision involves a vehicle. While auto insurance is primarily designed to cover motorists, many policies include provisions that extend protection to cyclists in certain circumstances.

For example, if a cyclist is hit by a car, the driver’s liability coverage typically applies, helping to cover the cyclist’s medical expenses, property damage (such as the bike itself), and other related costs. In cases where the driver is at fault, their bodily injury liability coverage may also provide compensation for the cyclist’s injuries.

In addition to liability coverage, cyclists may also benefit from uninsured or underinsured motorist coverage, which is another feature of many standard car insurance policies. This type of coverage can be essential if the at-fault driver has insufficient insurance or none at all.

If a cyclist is involved in an accident with an uninsured motorist, their own uninsured motorist policy, if included in their auto insurance, can step in to cover medical bills and other expenses. This extension of coverage is particularly useful in hit-and-run scenarios, where the driver may flee the scene, leaving the cyclist without a responsible party to claim against.

Beyond medical expenses, car insurance policies can also provide financial protection for the cyclist’s property. For example, collision coverage may cover the cost of repairing or replacing the bicycle if it is damaged in an accident with a motor vehicle. This can be especially beneficial for cyclists who use high-end or custom bikes, which can be expensive to repair or replace.

Although auto insurance isn’t specifically tailored for cyclists, it can still play a crucial role in helping them recover from accidents involving motor vehicles.

Does Home Insurance Cover Bike Accidents? Unpacking the Coverage Limits

Home insurance policies typically offer some level of coverage for bike accidents, but the extent of that coverage can vary greatly depending on the specifics of the policy.

Generally, a standard home insurance policy includes personal property coverage, which may protect your bicycle if it is stolen or damaged due to a covered peril, such as fire, theft, or vandalism. However, this coverage is often subject to limits, meaning the insurance might only reimburse up to a certain amount, and in some cases, you may need to pay a deductible before the coverage kicks in. Accidental damage to your bike while riding, on the other hand, is usually not covered under a typical home insurance policy.

When it comes to personal liability, which is another component of home insurance, your policy may provide protection if you’re held responsible for causing injury or damage to others while riding your bike.

For example, if you accidentally crash into someone and they file a lawsuit against you, your home insurance could help cover legal fees or medical costs. However, it’s important to note that this coverage often comes with limits, meaning your insurance will only cover up to a certain amount, and you may need to pay the difference if the costs exceed that limit.

It’s crucial to review your policy’s specifics and consider additional insurance if you use your bike frequently or own a high-end model. Some insurers offer bicycle-specific coverage as an add-on or through a separate policy, which can provide more comprehensive protection, including for accidents, theft, and liability while riding.

These policies typically have higher coverage limits and may even include roadside assistance for cyclists. Additionally, if you use your bike for work or delivery services, you’ll likely need commercial insurance, as standard home insurance policies often exclude coverage for business-related activities.

Specialized Bicycle Insurance Policy—Tailored Protection for Serious Cyclists

For those who frequently cycle or own expensive bikes, a specialized bicycle insurance policy is worth considering. Unlike general home or auto insurance, these policies are designed specifically to cover the needs of cyclists, offering comprehensive protection for accidents, injuries, and even theft.

Specialized bicycle insurance policies typically provide coverage for:

• Accidents involving vehicles, pedestrians, or other cyclists
• Damage to the bike itself, including repairs or replacement
• Medical costs resulting from a cycling accident
• Liability for property damage or injuries to others

These policies may also include additional benefits such as roadside assistance for cyclists and coverage for race-related incidents. For dedicated cyclists, this tailored protection offers peace of mind that their bike and health are adequately insured, no matter the circumstances of an accident.

Personal Liability for Cycling Accidents

Accidents happen, and sometimes, cyclists may be at fault and personal liability for cycling accidents can have a major financial impact. Cyclists should ensure they have adequate liability coverage to protect against costly lawsuits and claims.

Whether it’s colliding with a pedestrian or damaging someone’s property, cyclists may find themselves responsible for covering the costs of these incidents. This is where personal liability insurance becomes essential. If a cyclist causes an accident that results in injury or property damage, personal liability insurance can help cover the associated costs.

However, many cyclists assume that liability coverage is only necessary for car owners. This misconception can leave cyclists vulnerable, especially in situations involving serious injuries or high-value claims. Without adequate personal liability insurance, cyclists could face expensive lawsuits, hospital bills, and repair costs.

Trends and Innovations in Cycling Insurance for 2025

With cycling becoming more mainstream, the insurance industry is developing innovative solutions to meet the evolving needs of cyclists. Companies are creating new insurance products tailored specifically to cyclists, offering hybrid plans that combine elements of auto, health, and personal liability insurance.

Additionally, technology-driven solutions such as telematics and app-based policies are allowing cyclists to track their riding habits, earn discounts, and access coverage on demand.

In the event of an accident, some of these products offer immediate support through mobile apps, providing cyclists with assistance for filing claims, roadside help, and even emergency medical coverage. This shift toward specialized and tech-forward insurance products represents a growing acknowledgment of the unique risks faced by cyclists and the need for comprehensive solutions.

Protecting Yourself—Why Bicycle Accident Insurance Coverage is Essential

As cycling continues to grow in popularity, so does the importance of adequate insurance coverage. Cyclists face unique risks on the road, including accidents with motor vehicles, pedestrians, and other cyclists. By securing bicycle accident insurance coverage—whether through auto insurance, homeowners insurance, or a specialized policy—cyclists can protect themselves from financial hardship in the event of an accident.

It’s not enough to rely on basic coverage from home or auto policies. Cyclists should take the time to evaluate their insurance needs, consider specialized policies, and ensure they have comprehensive protection. With the right insurance, cyclists can ride with confidence, knowing they are prepared for any situation.

Securing proper insurance coverage is essential for protecting yourself as a cyclist. Review your current policies and explore specialized options to ensure you’re adequately covered.

Shopping for Insurance Quotes to Get the Best Value

Obtaining insurance quotes through an insurance marketplace, such as einsurance.com, is a straightforward and convenient process designed to help consumers compare multiple insurance options in one place. These websites offer a platform for users to request quotes for various types of insurance, including auto, home, health, life, and renters insurance.

To begin, users input basic information about their insurance needs, such as details about the property, bicycle, vehicle, home, or personal coverage they are seeking. Once the necessary details are provided, a quote engine connects users with insurance companies that offer policies matching their criteria, allowing them to compare quotes side by side.

One of the advantages of using einsurance.com is the speed and ease with which quotes are generated. Instead of manually visiting individual insurance company websites or speaking with multiple agents, users can receive a wide range of options in a matter of minutes.

The platform partners with reputable insurers, ensuring that users are presented with legitimate offers from well-known providers. By reviewing multiple quotes in one place, users can easily identify the best value based on factors like premium costs, coverage options, and deductible amounts.

Additionally, as an example, einsurance.com offers outstanding educational resources to help consumers make informed decisions about their insurance needs. The platform provides articles, guides, and tools that explain key insurance terms, coverage types, and tips for reducing premiums.

This added value helps users better understand the insurance process, ensuring they choose policies that align with both their needs and budget.

PRO TIP:  While the insurance marketplace can facilitate the quote comparison process, the actual purchase of insurance is typically completed through the insurer’s website or with the assistance of an insurance agent.

Summing Up Comprehensive Coverage for Cyclists

Cycling offers numerous benefits, from improved health to environmental sustainability, but it also comes with inherent risks. Bicycle accidents can lead to serious injuries, property damage, and significant financial burdens. The right insurance coverage can mitigate these risks, providing financial protection and peace of mind for cyclists.

Whether through auto insurance, homeowners policies, or specialized bicycle insurance, cyclists should prioritize understanding their coverage options and taking steps to fill any gaps. As the popularity of cycling continues to rise, the need for comprehensive insurance solutions is more important than ever.

In conclusion, insurance coverage for bicycle accidents is not just a good idea—it’s essential for anyone who spends time on a bike. By investing in the right policies and staying informed about available options, cyclists can ensure they are fully prepared for whatever the road may bring.

Connect with einsurance.com to learn more about your options to stay safe on the road.

Homeowners and landlords use their property differently, so they face different risks. That’s why several distinctions exist between homeowner’s insurance and landlord insurance.

For insurance purposes:

A homeowner lives in a primary residence full-time. They own the home completely or make a mortgage payment. Usually, they keep most of their belongings at this home, too.

A landlord rents/leases the property out for use to another party for long-term residency. Landlords keep very few belongings at the home, beyond things like appliances, light fixtures and perhaps lawn care machinery.

And for short-term rentals — like Airbnb properties — there is another sort of insurance available.

Who Needs Landlord Insurance?

If you’re about to become a landlord by renting out a home that was previously your main residence, or a home you inherited, it’s vital that you buy landlord insurance. You need to make sure you have the right coverage at the rental property to protect yourself, financially.

And, since you’re making changes to your property insurance, it’s a good idea to shop around for several quotes. You may find significant savings!

At Einsurance.com, our experienced team of licensed insurance agents works hard to match consumers with the right insurance products. In this piece, we’ll explain everything you need to know about landlord insurance versus homeowner insurance.

Keep reading to learn about:

We’ll start with some important key points that apply to both landlord and homeowner’s insurance policies.

Landlord Insurance Vs. Homeowner’s Insurance

Both landlord insurance policies and traditional homeowner insurance policies are built on the notion of fire coverage. Both types of policies will pay — up to policy limits — to rebuild a home after it burns down.

This is called “Coverage A,” the cost to rebuild a home from the ground up. Insurers use formulas to figure your Coverage A amount, and many other coverages are based on a percentage of that number.

Both landlord insurance and homeowner’s insurance also cover perils like:

• Wind damage
• Hail damage
• Lightning damage
• Malicious mischief
• Civil unrest and riots
• And airplane crashes

And generally, neither policy will cover earthquakes or floods. For those perils, you’ll probably need to buy an “endorsement” or a separate policy.

What is the Difference Between Landlord Insurance and Homeowner’s Insurance?

For the consumer, there are three primary distinctions between a landlord policy and a homeowner policy. They are:

1. Contents coverage amounts
2. Liability issues
3. Income protection

Contents Coverage Differences

First, a landlord policy does not offer much coverage for the contents of a structure. In other words, if this rental home burns down to the ground, a landlord policy will not cover things like furniture, clothing, cosmetics, electronics, tools or computers kept at the home.

The assumption is that most of the contents in the home belong to the tenant, not the landlord. And the tenant can buy renter’s insurance to cover their belongings.

Coverage “C” is For Contents

This is different from a homeowner’s insurance policy, in which Coverage C equals 30% to 50% of your Coverage A. This contents coverage exists to replace your belongings after a covered peril.

So, for instance, if your primary residence is valued at $200,000, your policy may provide another $100,000 after a total loss, to replace all your stuff.

Pro tip: If you plan to rent out this home as completely furnished, be sure to mention that when getting quotes for landlord insurance. You may wish to buy extra contents coverage.

Liability Issues

As a landlord, you will face more liability issues. We live in a very litigious society, meaning that people like to sue each other whenever they can for a fast paycheck. And if your tenant, or their guest, gets hurt on your property, you will probably find yourself in court.

Remember, in the insurance world, “liability” equals financial responsibility.

If a tenant gets hurt, or if their property gets damaged through your negligence, you will be financially responsible to make them whole again. Liability coverage exists to protect you from lawsuits.

In some cases, your liability insurance will “settle” with a claimant and write them a check. In other cases, they’ll help pay an attorney to represent you in a lawsuit. It’s up to the insurer to decide what path they take.

Therefore, many landlord policies include extra liability coverage. And often, landlords choose to buy as much liability as they can afford.

Pro tip: If you’ve bought the most liability coverage available for your properties, and still feel you need more coverage because you’re a high-net-value individual with lots of assets, you can buy an added liability coverage with an umbrella policy.

Landlord Policies Help Protect Your Income

And finally, know that a landlord policy can help protect your rental income after a covered loss.

Suppose you’re earning $1,500 per month on a rental home. One day, it burns down completely. Your landlord protection policy might cover that rental income for up to a year, in addition to paying to rebuild the structure.

If it takes a whole year to rebuild the rental, that’s $18,000 of income you could miss without landlord insurance.

Now that you know the differences between landlord insurance and homeowner’s insurance, let’s talk about rental property insurance requirements.

Rental Property Insurance Requirements

Rental properties are not your main residence, nor are they a second home or summer home where you might spend time occasionally. They’re not short-term rentals (Airbnbs), either. Insurers consider them to be commercial properties, which exist to generate income for you.

Now, every state has slightly different laws and every insurer presents a slightly different offering. As of 2024, there is no state law or federal law that requires landlords to buy insurance for a rental property. But if you’re making a mortgage payment on the place, the mortgagee may require you to carry property insurance with a specific deductible.

You May Need to Provide Documents

As a landlord buying insurance, you will probably need to provide some photos and documents proving that a rental home is:

• Owned by you, but habited by others
• Being bought through a mortgage or owned outright
• Habitable, and in good repair
• Free of dangerous debris, like fallen tree limbs or broken glass
• Essentially safe
• Free of fire risks or other common property claims

When you buy a landlord policy, you can expect the insurer to send out an inspector to verify everything you’ve said about the residence.

What Does an Insurance Inspector or Risk Inspection Specialist Do?

These individuals are employed/contracted by insurance companies to verify the risks an insurance company is about to take with your home. They may call for an appointment, or they may view the home from the street. Depending on the insurer, the inspector may ask to enter the property to look around and take photos.

Sometimes they measure the structure, to help insurers generate that important Coverage A amount. They may also have questions about the:

• Roofing
• Flooring
• Plumbing
• Fire extinguishers
• And fire exits

And in 2024, we know many insurers are using drone technology to view and photograph homes and yards.

The insurance company will also need to know about your expected income. You may need to provide them with a copy of the signed lease, which details the monthly rent.

It is a small hassle, which is one reason why some property owners try to dodge the landlord insurance process. Some try to keep their traditional homeowner policy while moving to a new home, and that’s a bad idea.

Let’s explore more about changing insurance when renting out a home, to see what we mean.

Changing Insurance when Renting Out a Home

Imagine you own a small home outright, and you inherit another, larger, newer home. You choose to move into the large new home and rent out the old place. This is a fairly common situation.

Can I Have Two Homeowner Insurance Policies at Two Addresses?

Usually, no. And insurance companies will “die on this hill.”

Most insurers believe firmly that consumers should only have one homeowner’s insurance policy. That’s because you only have one primary residence. You can buy other types of policies for your vacation homes, summer homes, hunting camps or short-term rental properties.

Insurers will stand firm on this point. Therefore, if you contact your insurer and try to buy a second home policy, they might refuse. And they might wonder what you’re doing and send an inspector around just to check.

But it truly makes more sense to get a landlord policy for that rental, anyway. Thanks to the reduced contents coverage, it might be much more affordable to insure a property that way, by hundreds of dollars. That means more money in your pocket every month.

Plus, if something happens to that property, you will rest easy knowing your income is protected.

And as a property owner, you want to protect yourself with the right amount of liability coverage, especially now that you have more assets to lose.

(By the way, we have seen one family go to battle with an insurer over this very point. The customers own many rental homes and allow an adult child to live in one home rent-free. It took several meetings, and they hired an attorney, but they were able to buy two homeowner policies from one company.)

The Process for Changing from Homeowner’s Insurance to Landlord Insurance

If you’re moving out of a home and making it a rental property, you need to let your insurance company know right away. You’ll probably save some money by doing so.

Just grab your current policy and call your insurer. Get a quote for landlord insurance, but don’t accept the first offering. Be sure to shop around. You might save a lot!

We invite you to try our handy online insurance quoting tools, too. We can bring dozens of insurers to your phone or email with very competitive prices.

More About Home Insurance Coverage for Rental Properties

You’ve read this far, so you’re becoming an expert on the differences between home insurance policies and landlord policies. Let’s answer some more of your most common questions.

Can I Buy Landlord Insurance for my Airbnb?

Short-term rentals, like Airbnb, do not qualify as traditional rental properties. They are income properties, but they’re more like a hotel in the eyes of the insurer.

Insurance policies for these types of investments continue to evolve, but underwriters know there is a difference between how people treat a home compared to how they may behave while on vacation.

Therefore, short-term rental insurance requires a separate product.

Can I “Bundle” my Home Policy and Landlord Policy?

Probably, yes. If you have a home policy, you can almost certainly buy a landlord policy from the same company. And if you have vehicles, recreational vehicles and boats, you may save a few bucks this way. But it still pays to shop around and keep detailed notes.

At What Point Should I Consider an Umbrella Policy?

Now that you own several properties, you should start thinking about a personal umbrella policy. These policies provide you with extra liability coverage, assuming you’re already buying the highest limit of liability on your home, rentals and auto policies.

In short, an umbrella policy will pay for liability claims beyond your current limits. So, if you have $1 million in liability coverage on a rental home, but get sued for $2 million, an umbrella policy will cover that difference.

There is no set number of properties or predetermined amount of personal wealth you need to buy this sort of policy. However, if you think you could get sued for more than your insurance will cover, or if you have a lot of assets, or even if you’re losing sleep worrying about this question, we invite you to get a quote for umbrella insurance, too.

The brokerage market has enjoyed a period of sustained revenue growth, profitability, and shareholder value, driven by favorable macroeconomic conditions. M&A activity has flourished due to easy access to inexpensive capital on a robust cash flow business, while organic growth has been fueled by a hardening rate environment and inflation-driven exposure increases. Shareholder value, including that of financial sponsors and employees, has also been bolstered by a liquid capital market and historically high multiples, marked by a record number of transactions. However, these tailwinds are moderating as market conditions shift.

The surge in interest rates, record-high valuations, and tightened access to capital have created significant headwinds for M&A activity, with deal flow declining by about 30% through the first 8 months of 2024 compared to the same period in 2023. Despite this slowdown, M&A remains a crucial strategy for brokers to stay competitive in their offerings to clients and maintain their negotiating power with insurance carriers. Similarly, brokers’ organic growth, driven largely by increases in rate, over the past several years—averaging around 8 to 9% in annual revenue—is beginning to compress as P&C rate hikes moderate in some lines of business. Further, the average revenue of top 100 brokers and agencies held by private equity has nearly doubled in the past four years indicating that it takes more capital than ever to create liquidity events for the largest aggregators.

As the macroeconomic tailwinds begin to moderate, a critical question emerges: How can insurance brokers evolve their strategies to usher in the next era of profitable growth?

There are three longer-term levers the C-suite is exploring to create and sustain profitable growth:

1. Drive a greater degree of standardization and integration

Brokerages that operate with a highly federated model or function more as a holding company rather than an operating company often allow their underlying agencies to operate independently. While this approach offers flexibility and can promote an entrepreneurial spirit, it also leads to operational inconsistencies, disconnected technology systems, disparate data sources, and challenges with governance and controls. As the market evolves, brokerages are increasingly seeking to standardize ways of working and introduce a higher degree of integration in their operating models. This shift involves adopting a global redesign to establish uniform definitions and rethinking how enterprise-wide processes should be managed to enhance quality and controls.

Further, process standardization and agency integration must be anchored by an integrated technology ecosystem spanning business segments and functional groups to enable traceable data flow throughout the organization and create a single source of truth for managing the business. Tighter integration and standardization form the foundation for improved efficiencies and the ability to generate greater insights to drive growth:

• Greater enterprise leverage and margin preservation: Standard operating procedures and tighter integration enable brokers to better consolidate non-client-facing activities. Back-office functions such as accounting, IT, and HR can be shifted out of the agency office to create efficiencies and enable greater focus on sales and service initiatives.
• Optimized procurement and indirect spend: Acquired agencies typically come with their host of technology licenses and third-party vendors; a greater degree of integration allows consolidation of fragmented vendor and licensing agreements, gaining economies of scale with a targeted vendor list. Additionally, efforts to drive operational standardization will introduce opportunities to normalize discretionary spending, such as reducing side tech projects or solution workarounds.
• Improved data-driven decisions and accountability: With accurate, available data, operators can govern their business on a distinct set of insights with a clear understanding of what, how, and why each insight is measured, including how frontline colleagues, who operate much of the business, impact enterprise performance. The shift to fact-based decision-making creates focus and enables leaders to take calculated actions with measurable results, reducing the need for broad, ill-defined moves that often negatively impact margins – and creates clear accountability for what information needs to be captured in a consistent fashion, enabling the enterprise to harness the insights useful to the enterprise and the field.

2. Activate new sources of growth:

With more restrictive M&A conditions and moderating tailwinds from renewal pricing increases, brokers need to be strategic about where to invest in growth. Driving organic growth through data is essential, deploying strategies and tools like Generative AI to gain deeper insights for revenue-generating roles (e.g., leveraging Gen AI to identify cross-sell/up-sell opportunities across the brokerage book of business). Activating synergistic revenue streams by prioritizing investments in new capabilities (e.g., focusing on M&A that brings new products or geographic coverage), enhancing scale within existing markets, or exploring vertical integration opportunities should be key areas of focus moving forward. We also see brokerages differentiating themselves through industry niches and specialization, tying these to MGAs or affinity partnerships to become go-to distributors for specific industries. Lastly, as the E&S market continues to grow, brokerages have a significant opportunity to expand their scope to include wholesale business, capturing multiple revenue streams, especially in challenging exposure areas and coverage lines.

3. Invest in foundational capabilities and new talent:

As brokerages drive greater levels of integration, the focus is shifting toward agencies with strong operators rather than those solely led by savvy (sales) entrepreneurs. This change demands a different leadership profile—one that can manage operators and lead the transformations required to respond to growing market pressures while continuously delivering shareholder value (e.g., standardizing integration, enhancing technology, building and attracting new talent). Such skillsets are relatively fresh to brokerage leadership, and earmarking executives to lead these transformations can be challenging in a federated model composed of corporate and regional structures, and underlying agencies. The ability to influence and drive transformation across all layers is a distinctive skillset.

Four short-term quick wins to get started

While the longer-term response to the pressures facing the brokerage industry will require focus and coordination by the C-Suite, we recommend four initial steps brokerage leaders can take to get started:

1. Identify priority areas for standardization and centralization: For more fragmented brokers, we start by standardizing level one data-entry processes (e.g., AMS standard operating procedures), begin to move toward common technologies (e.g., one agency management system), and work towards centralizing common low-risk activities to show success and build buy-in for future centralization (e.g., vendor payables, data processing, policy certifications, claims handling, etc.).
2. Re-evaluate M&A agenda: Update enterprise M&A appetite to be more selective; each transaction should support a long-term growth agenda and be complimentary to the core business. Explore divesting areas of the business that are non-core to generate new sources of capital and allow the enterprise to focus on what will enable the business to be an operating company, not a holding company.
3. Assess business reporting and data gaps: While management can generate financial overviews and operational reports, the fragmented nature of AMS and accounting systems often requires extensive data cleansing to fulfill these fundamental reporting requirements. Understand the technology/ systems landscape (e.g., how AMS instances connect to Accounting/ Finance source of truth) and operating models across the organization to map how data flows and identify opportunities for greater data hygiene, integrity, and availability. We see brokers first prioritizing standard ways of completing financial and operational management reporting to set the foundation for deeper insights.
4. Determine priority talent gaps: Decisions to act on the levers discussed above are highly strategic and likely necessary for brokerages to withstand changes in the market, but executing these decisions requires talent not typically found in today’s brokerages. Identify core talent gaps (e.g., transformation leadership, business operators, data expertise, industry specialization) to pave the road ahead and develop a plan for acquiring this talent.

We’ve helped and are actively helping brokerages navigate this evolving landscape. Please reach out to Heather Sullivan, Gina Papas, Robert Held, or Bob Besio if you’d like to discuss further.