It was designed for Professionals who had a client base but did not necessarily want to be in the P&C industry. People like Realtors, Lenders, Life Agent, Financial Advisors, Tax Professionals, etc. It allows these people to contract with I-Insureme and it's Agency Partner, to provide auto & home insurance to their client base and in return get paid 50% for NB and renewals.
It works because these Professionals do not want a second job. They were willing to split the commission. I was restructuring my agency and no longer wanted to run a P&C insurance agency full time. I wanted to subcontract the P&C part out so I did my research and found I-insureme and I gave it a shot. Based on the information, it looked great.
Unfortunately, the execution was a clusterf**k. It was bad enough that Business operation closed at 5 central times (I believe?) and No Weekend. The average quote time for one customer took 4-5 days. Then it would take another several days after that to bind the policy. The total time to complete one transaction can range up to 7 days. No one is going to get auto insurance that took 7 days to complete when they can get one done in 30 minutes at another agency.
These agents at the Agency Partner were employees with employee mentality, the moment the clock lands at 5 PM, they were done. It didn't matter if a client needed insurance at 5 PM on a Friday night. The clients were left hanging until Monday. I have never seen such a clusterf**k of an insurance operation in my life. I puke at the thought of even sending my clients there during my trial with them.
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