Looking to purchase P&C book which includes commercial lines

Jan 8, 2019

  1. Vin Somra
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    Vin Somra New Member

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    Hi Everyone,

    I am a lurker and thought I’d try the forum for input in trying to find an insurance book of business to purchase. I would like to grow the book organically after purchase so i want to look at $100k -$150k revenue books. I am open to various states especially if it’s a niche commercial book. Also, looking for state which allows broker fees but not a deal breaker. Sorry, if this post is spammy but i have looked at agency broker, bizbuysell, bizquest...etc and had no luck.

    I am also open to partnering with another agent to purchase a book and be an owner/agent. I want to take advantage of social media and digital marketing to grow the book.

    Cheers

    Vin Somra
     
  2. Vin Somra
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    Vin Somra New Member

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    Sorry if the post seems spammy,*
     
  3. 1manshow
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    1manshow Guru

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    We hired a firm that specializes in making those calls to agency owners and then forwards that info/connection to us.
     
    1manshow, Jan 10, 2019
    #3
  4. djs
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    djs Super Moderator Moderator

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    Good luck with your search. Lots of agents looking to grow this way, especially with the commercial part.

    Anyone who has their book listed on sites tends to want a pretty steep premium (and will likely get it). You are better off as 1manshow suggested, go on a hunt for one, not a passive search. They are out there, but they are hard to find.

    Dan
     
    djs, Jan 10, 2019
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  5. 1manshow
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    1manshow Guru

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    1manshow, Jan 17, 2019
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  6. AZDave
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    AZDave Guru

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    ^ Couldn't help but notice 'Shop A': Selling auto and home insurance in Phoenix for 15 years with $30,000 revenue!. What has this guy been doing? and has a Travelers appointment. Maybe its $30k/month...
     
    AZDave, Jan 17, 2019
    #6
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