frkvandyke
New Member
- 5
Dear Forum Members......recently joined this forum and reaching out to other insurance professionals for advice and direction. I am a licensed agent in KY (L&H, P&C)....non-res license in other states. My experience: Certified Risk Manager (have been in risk mgt on corp side for 8 years).....w/Northwestern Mutual for 2 years.....stepped back into corp side just this past year......our company has established a new subsidiary (an insurance agency).......we have 3 employees who recently completed their P&C licensing for TN (they are very green with zero insurance experience/agency experience)......our company is domiciled in TN......i know the hurdles in front of us and very difficult to get management to understand such challenges as: no existing experience (other than me), no existing track record, book of biz, loss ratios, carrier contracts/appointments, etc.......having hard time getting out of the batters box in regards to securing E&O coverage.....been declined by carriers for contracts due to lack of experience and newness of the agency........i'm familiar with wholesalers, aggregators, etc.....however, do not wish to pursue business this way as i've heard you lose a good bit of your commission and client credits.....thanks for your time and appreciate feedback
