Experienced Agent in Limbo ??

[djs]

You can negotiate this particular deal with your current agency, asking for a much larger percentage.

If you are sure YOU can get this deal, not your current agency, why are you asking? If you're contract allows you to cut and run, then go. Chances are, the deal belongs to the agency, but it's worth thinking about.

I would be very nervous about counting on a deal that isn't signed yet, for my income for the next couple of years. Regardless of how much they may like you, this is to much premium for them to not be shopping the package in earnest. An inside track isn't a done deal, somebody cuts $100K off the premium and 'poof', inside is the new outside.

Also, you need to re-run your commission calculations. I think you are a little high on how much commission will be paid on this. I'd like to get $225K on 1.5M in premium! Might be a bit different in Nashville, since I assume a good portion of this is workers comp.

Dan

 

[cosanostra]

I haven't read the entire thread, so maybe this has been covered to this point... but what type of contractural obligation do you have with present empoyer/agency...?
If you obtain the intended account(s), then move, can they claim that you obtained the acct while on their time, and thusly be entitled to compensation...?

If I were you, and IF you have any type of a contract in writing, including carrier contracts, I would have an Atty review them prior to leaving the lilly pad. Once the frog leaps, it is inaudible when he says "Oh ****".

Also, keep this in mind... there is an absolute record here on this forum of your intentions in advance. We often forget that we are just chatting her among friends, (and the rest of the world too). Coudl this be used as a display of what you intended and when.? Absolutely. No lawyer here, but that is why you should consult one in advance... IMO.

I cannot disagree more. (can't agree more!). I doubt that this forum will come into play with my joke firm and their non-comepete.

I am going on my own. I hope to get this one, supplement with the surging Latino population, my Spanish fluency y Hispanos (already 50,000 in 5 months with minimal effort) and a hard-care effort into life and health. With good faith and a hard push, I know that the Hispano book can become $3300,oo within ayear. There should be no question on the supplementals. I need to work on my winning smile for the whale, one of my good buds.

 

[cosanostra]

Update: Our Agency Just Acquired A Major Contract With An A++ P&c Carrier. I Cannot Reveal The Name For Privacy Reasons. Guess What.....the Contract Is Written In The Agency Owner's Son's Name. I Was The Initial Introduction For This Contract And The Major Catalyst For Their Commitment. I Have No Stake.

What Does This Mean For Me Now? See The Above Thread. Does This Push Me Even Further Away From Any Ownership In The Agency Despite The Verbal Promises/inducement By The Agency Principal?

Wow...i Am Really Thrown For A Loop Today. Please Help.

 

[xrac]

.....What Does This Mean For Me Now? See The Above Thread. Does This Push Me Even Further Away From Any Ownership In The Agency Despite The Verbal Promises/inducement By The Agency Principal?.....

Sounds like it! Are you ready to jump ship?

 

[SportsNut]

I'd say you need to hit them right between the eyes with the news and see how badly they flinch. Either they do, or you go elsewhere. (all figuratively speaking, of course). Let them know that you aren't going to continue without a written plan NOW; (unless you aren't really at this point yet. and if not, why not..?)

 

[DJM]

Walk the plank, matey!

 

[ABC]

Cosanostra I think it might be time to do your "own thing"