Chemical Plating Facilities.

[b61mack]

You will need a cluster to be able to compete, landing a big account is a game all by itself. You can get lock out before you begin. I would try to get a smaller piece of their business, just to get in the door. Voluntary, group. Or just sell some accident and life. No one company is going to take all the risk, you will have to put multible insuance companies in a package. It would be fun playing in that arena.

 

[BIG RED IS BACK]

plus, the coverages they need are probaly way over your head, probaly lots you dont even know about......

They would crazy to go with a newbie.

try what mack says thou, go for the commercial auto first......then LEARN about what they need.....

 

[PotentialFarmer]

plus, the coverages they need are probaly way over your head, probaly lots you dont even know about......

They would crazy to go with a newbie.

try what mack says thou, go for the commercial auto first......then LEARN about what they need.....

Big red, this will probably sound worse than its meant.

Do you know what coverage companies like what I'm talking about would need? If so please explain a little.

Like I said, no intention of being cocky, I admit I'm unsure how I could help or even differentiate myself from other agents in this category. That said, tell me if and how you do it. Chances of us butting heads on the same account is minimal, and if you've got the experience I wouldn't worry too much.

 

[BIG RED IS BACK]

I have no experience with chemical plants, but I would assume, you need special workers comp to deal with the exposure,
air quality, cost of evacuations, CLEANUP, and probaly 100 other speciality coverages, I honestly dont know.

 

[b61mack]

If you get to the right person, they will give you a copy of what they have. And most likely a binder saying what coverage they need. Its not as simple as a BOP. A while back I flirted with a mega account, 1mil+ premium. 100k+ commission. They gave me a copy of their enforce policy, and a binder with their insurance needs. It was way over my head. So I brought in a seasoned agent to help. we were blocked out by the their agent. Once an agent, get a quote they block other agents from that carrier. Chubb had it, Travelers had it in the past, and didn't want it again. I chased my tail for a couple of weeks. But is was fun. And an eye openner. With a chemical company, you most like will have to deal with Lloyds of london USA. The risk is extremely high. And the premium extremely high, making the commission extremely high. Worth the effort. Go get em.

 

[Arnage150]

I learn more from the policies I don't write then the policies I do write. Don't listen to the haters and give it a shot. Just know that it may be a long shot. Often times your relationship with the client trumps all.

Try crum and foster (has program), Smith Bell and Thompson (has program), Chubb (they like this class), Travelers, AIG, Zurich...etc.

You may be better off hitting it mid term so you don't have to worry about being blocked anywhere.

Make sure you read through his current policies and familiarize yourself with the coverages to ask for on your quote. READ and UNDERSTAND the whole policy, not just the dec pages.

And make sure you take a good look at your E&O. Big policies mean big mistakes.

Good luck.

 

[BIG RED IS BACK]

Don't listen to the haters and give it a shot.

Really? Where are the haters, we are whats called practical.

He could spend so much time trying to get these, that it takes all his time, he doesnt write other business, then starves and is out of the business,

Seem it happen numerous times.

I really doubt he can gain access to the carriers that will do these, so it is kinda a waste of time, thats why I suggested he go for the commercial auto first, then learn, grow his business, and then proceed.

A newbie doesnt have the type of agency for these risks, all the certs they need, the DOT certs etc. You are over your head here newbie.......

go write a state minimum liability only auto policy and call it a good day

 

[Sales71]

My big question is lets say you get a big account that pays you $50,000 commission a year. How are you going to service it.

There is a niche for those accounts and the big players know how to get it and service it. I bet once it needs a lot of work or even service they might just leave you and you will have a charge back or something.

But I wish you the best of luck and hope you land a big account.

 

[PotentialFarmer]

Really? Where are the haters, we are whats called practical.

He could spend so much time trying to get these, that it takes all his time, he doesnt write other business, then starves and is out of the business,

Seem it happen numerous times.

I really doubt he can gain access to the carriers that will do these, so it is kinda a waste of time, thats why I suggested he go for the commercial auto first, then learn, grow his business, and then proceed.

A newbie doesnt have the type of agency for these risks, all the certs they need, the DOT certs etc. You are over your head here newbie.......

go write a state minimum liability only auto policy and call it a good day

Hey buddy, no need to be a (Insert short for Richard) here. I didn't come out guns blazing on you folks, just asked for some helpful advice, no need to hit the OP with a state min liability auto crack . . . Also saying over your head newbie is pretty ridiculous. I wasn't the one who said your a hater anyhow, settle down. This attack is more than unwarranted. I take that @#$% from my clients cause they pay me to, but see no need to take it from some forum troll.