LHD Benefit Advisors named a Best Practices Agency in industry study

LHD Bebestpracticesagency_2016nefits has been selected as a Best Practices Agency by the Independent Insurance Agents & Brokers of America (IIABA).

Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The selected “Best Practices” agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.

Only 254 independent agencies throughout the U.S. qualified for inclusion in the 2016 Best Practices Study. An IIABA 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. More than 1,800 agencies were nominated this year.

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, documents the business practices of these high performance agencies and urges others to adopt similar practices.

About LHD

LHD, a full service employee benefits firm, was established in 1999 (as LoCascio Hadden & Dennis) and has grown to become one of the top benefit advisory firms in Indiana. LHD provides technical expertise through a team of experienced benefit professionals in important areas such as benefit strategies, plan evaluation and design, benchmark analysis, PPACA compliance, wellness integration, on-site clinic integration, vendor assessment, employee communication and benefit administration for clients. For more information visit www.LHDbenefits.com.

 

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