New Independant Agency Questions

[Asnoa123]

Hello Everyone!

I have found some great information on this site and I was looking for some additional information regarding starting a new agency (I know, it's probably something that is asked almost daily).

Being in the insurance industry for almost 10 years has lead me to the conclusion that I need to start my own agency. I have hit a wall as far as salary and opportunities go being in just a producer's role.

Both my Wife and I are licensed in P&C and L&H and have been for close to 10 years. So, we would have no employees - just us 2. Her for mostly customer service and me for most of the sales.

I am more than capable with the daily operations of an agency having worked in many and practically running them anyways.

We would not be a captive agency, I don't want to go that route. We would be an independant agency responsible for the bills, rents, etc.

My main questions are how do I get appointed to sell directly through companies? I am currently appointed with about 20 companies in every state, however it's under the agency that I am currently employed by.

Will those companies require me to already have a book of business? Are we able to run an "over the phone" agency from a home office until we have enough capital to rent or buy a building?

Thank you for any information!

There are some will require you to be in the business and some will just simple appoint you. But in order for you to be sure, you can check some companies/businesses that caters both captive and independent agent which could help you and your partner to ensure your career in insurance industry.