New Agent Independent Info
- Thread starter Kat Marie
- Start date
- 5,503
I am an independent agent and built a book from scratch.
Some very important things to think about -
1- Be aware of how hard you will work and how little you will make for the first few years. Incoming leads, a stable income and benefits at the call center? Say goodbye to all of that.
2- Right now, training and having someone(s) to service your accounts are probably two of the most important things.
Some very important things to think about -
1- Be aware of how hard you will work and how little you will make for the first few years. Incoming leads, a stable income and benefits at the call center? Say goodbye to all of that.
2- Right now, training and having someone(s) to service your accounts are probably two of the most important things.
- 2,378
Kat - there are a lot of really smart independent professionals on here such as MarkTheBroker. Professionally as an independent agency owner as well, I would suggest that you get some more free training from AAA first. 2 months, is frankly not a lot. Six months might be slightly better. It might be tough, it might suck, but at least you have some resources to learn the ropes from and on their dime.
If I were hiring someone, and I am not, I would not consider any candidate with less than a years worth of P&C experience.
If I were hiring someone, and I am not, I would not consider any candidate with less than a years worth of P&C experience.
- 1,506
Kat- If that is your real Name! HAHAHA! You got a lot to figure out.
Mark the Borker and Marinman are correct!
Premier Group Insurance, so much more than carrier access. - YouTube
Well you have a decision tree here. I'll lead you down one path, but it is biased.
"Begin with the end in mind"- 7 habits of Highly effective people.
Decision #1:
What end of the Ins Spectrum do you want? if you answered P&C keep reading. If ''Other" wait for the others to respond
Decision #2: Captive or Independent.
Captive:
Pro: They will teach you a lot but inevitably you will go Indy at some point in your career. Another Pro, they will subsidize your life for a time.
Con: The District Manager will push too hard or force life on you or cut your commissions or change your contract, or, ext, ext. Your Captive will take rate increases and kill your production and you will have one price point while others dissect your book one policy at a time.
Independent: :
Pro: Control expenses. Get higher commission. Higher conversion. Higher retention. All of those factors equal more money.
Con: Starting out. Getting knowledge. Your personality type could sink yourself.
Decision #3:
Once you decide Indy is for you, in the next week or 22 yrs from now. The question will be how to do it. Your options include:
Buy an agency.
Join a group.
Become a producer for an agency.
Get direct appointments.
Get an agency that provides the back end service so you can hunt full time.
You decide which one is best for you.
Decision #4: What group should I join?
There are a lot. Consider the following. NOT ALL GROUPS ARE CREATED EQUAL! They range from good, better and best.
Any group claiming to be best of class should provide the following:
I have been in Insurance for 18+ years and the great thing in this industry is you can choose to never stop learning. Your learning curve is never ending. Meaning you will never get bored.
Mark the Borker and Marinman are correct!
Premier Group Insurance, so much more than carrier access. - YouTube
Well you have a decision tree here. I'll lead you down one path, but it is biased.
"Begin with the end in mind"- 7 habits of Highly effective people.
Decision #1:
What end of the Ins Spectrum do you want? if you answered P&C keep reading. If ''Other" wait for the others to respond
Decision #2: Captive or Independent.
Captive:
Pro: They will teach you a lot but inevitably you will go Indy at some point in your career. Another Pro, they will subsidize your life for a time.
Con: The District Manager will push too hard or force life on you or cut your commissions or change your contract, or, ext, ext. Your Captive will take rate increases and kill your production and you will have one price point while others dissect your book one policy at a time.
Independent: :
Pro: Control expenses. Get higher commission. Higher conversion. Higher retention. All of those factors equal more money.
Con: Starting out. Getting knowledge. Your personality type could sink yourself.
Decision #3:
Once you decide Indy is for you, in the next week or 22 yrs from now. The question will be how to do it. Your options include:
Buy an agency.
Join a group.
Become a producer for an agency.
Get direct appointments.
Get an agency that provides the back end service so you can hunt full time.
You decide which one is best for you.
Decision #4: What group should I join?
There are a lot. Consider the following. NOT ALL GROUPS ARE CREATED EQUAL! They range from good, better and best.
Any group claiming to be best of class should provide the following:
- Transparency
- Training and support
- Carrier Alignment
- and a great Contract
I have been in Insurance for 18+ years and the great thing in this industry is you can choose to never stop learning. Your learning curve is never ending. Meaning you will never get bored.
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