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A. Do your homework and evaluate all of the different structures available to you. When you’re evaluating a program, you also need to evaluate what’s most important to you. Are your plans to use your profits in the short term, or do you intend to let your investments grow over time? Will the structure that you select be flexible to fit with your goals and objectives in the near, mid and long term? Will ownership of the dealership(s) or reinsurance company change over time and how will that be achieved? Your provider should be able to sit down with you to review the pros and cons of each program as they relate with your specific goals.
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There’s not a one-size-fits-all solution, and your reinsurance provider should be able to provide a clear overview of your options.
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