My agency is focus on Life, Long Term Care, and Annuity. My agency is also licensed in P&C but at this moment, I have no intentions of wanting to operate and run a P&C department.
1) I was wondering what is a fair commission split for new business and renewal business if my agency send clients to a P&C broker?
2) Would it be fair if I retain the rights to the clients I send there?
3) And finally, how and where do I find such a partner? My thought was to go door to door with Independently owned P&C broker and ask if they want business coming their way? Or is there a national company that we can contract with?
Your thoughts are appreciated! Feel free to PM me as well for ideas.
1) I was wondering what is a fair commission split for new business and renewal business if my agency send clients to a P&C broker?
2) Would it be fair if I retain the rights to the clients I send there?
3) And finally, how and where do I find such a partner? My thought was to go door to door with Independently owned P&C broker and ask if they want business coming their way? Or is there a national company that we can contract with?
Your thoughts are appreciated! Feel free to PM me as well for ideas.