Agency Location

Agency LocationWhere you locate your agency is very important. If you locate in an upscale suburbon neighborhood or a fashionable area downtown, you may attract customers who have plenty of money to spend. But you will also incur high rent or leasing costs, and that increases your risk of business failure. Less upscale areas may offer tax incentives or spaces with appealing lease options. On the other hand, these areas may have high crime or vandalism rates.

Also consider the commute. How for is it from your home to your new office space? You need to carefully examine all these considerations when deciding where to put your business.


Determine what bath your employee and customer parking needs will be. Does the space you are considering offer enough parking for your needs and the needs of surrounding businesses? Is the parking underground or on-street metered parking? Is handicapped parking available?


Check out the other tenanys in the building or office complex where you will be leasing. Find out how long they have occupied the building. Ask if they are on good terms with the landlord. Find out whether their experiences as a tenant have been mostly satisfactory. Ask about insurance premiums, building security, and cleaning services for the facility.

Acceleration Clause - The part of a contract that says when a loan may be declared due and payable.

Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.

Acknowledgment: the act of going before a qualified officer (e.g., Clerk) and declaring the validity of the document. The officer certifies same, whose certification is known as the acknowledgment

Acquit: the act of freeing a person from the charge of an offense by means of a decision, verdict or other legal process; to discharge