Free calculator for insurance agency owners

Can you afford to hire a new producer?

A new producer costs a salary or a draw for months before their policies pay commission. Renewals from their book pay off in the second year.

Cash in the bank today$ Cash the business adds each month now$ Monthly cost of the new producer, with taxes and benefits$ Months until the new producer brings in revenuemonths Extra revenue per month after that$ Payroll per run today (for the safe line)$

Lowest cash, next 12 months

Cost before they pay off

wages paid before new revenue starts

Paid back by

month the hire covers its own cost

Month	Without the hire	With the hire

The starting numbers are an example for an insurance agency. Replace them with yours.

The worked example

Here a new producer costs $6,000 a month and starts bringing in $8,000 a month after 4 months. The business pays $24,000 before the hire covers a dollar of it.

How to make the hire safer in an insurance agency

Pay new producers a draw against commission, reviewed every quarter.
Hire producers who bring a book or a niche, so the first commissions come sooner.
Track each producer's new commission against their pay from month one.

See every hire in your forecast

One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.

Check if I fit →