Iam looking for advice in regards to leaving my current employer and starting my own agency. A little bit of background:
I have been currently working at an agency (I won't specify the name) for 6 years. I am currently licenced in Property and Casualty and hope to be licensed in Life & Health soon. I love my job and what it entails. I am a very honest agent and try to do the very best for my customers. I just feel Iam building up a company for my boss who is no longer interested in the business and is using me. My boss has taken another job and I have ran the business for the last 5 years. Although it is his business, I feel Iam getting the short in of the stick when it comes to my salary. There are other things, but I don't want to discuss those at the present time.
I have already done the route of finding new companies to write for at my current job and have done very well doing that. I have brought in 6 new companies in the last 2 years and have built up the book of business. Each company has said we (meaning me since Iam the only one here) are doing a great job and I just feel I could put my work ethic in to a business for myself. I know how to find companies and sign up with them and whatnot. I just guess Iam needing the support as well as any pointers anyone on here can pass along.
I know the usual things that are needed.
1.) Licence (already have)
2.) E&O Insurance (already quoted and ready to purchase)
3.) Office Space & Equipment (already have)
I would like to give my current boss fair notice as to when I plan to leave, however, I would also like to get started on my own agency.
Iam not familiar with if you can write insurance for a company being and independent agent and no actual business. Also, is there any companies out there that are comfortable with an agent being home based the first 6 months to a year and then opening the actual office? I hope Iam making sense. In my mind I know what I would like to do, but it just seems like a huge step and I am a bit scared but I know I can handle the job as I am doing it now and have been for several years. THANK you all in advance for your help.
I have been currently working at an agency (I won't specify the name) for 6 years. I am currently licenced in Property and Casualty and hope to be licensed in Life & Health soon. I love my job and what it entails. I am a very honest agent and try to do the very best for my customers. I just feel Iam building up a company for my boss who is no longer interested in the business and is using me. My boss has taken another job and I have ran the business for the last 5 years. Although it is his business, I feel Iam getting the short in of the stick when it comes to my salary. There are other things, but I don't want to discuss those at the present time.
I have already done the route of finding new companies to write for at my current job and have done very well doing that. I have brought in 6 new companies in the last 2 years and have built up the book of business. Each company has said we (meaning me since Iam the only one here) are doing a great job and I just feel I could put my work ethic in to a business for myself. I know how to find companies and sign up with them and whatnot. I just guess Iam needing the support as well as any pointers anyone on here can pass along.
I know the usual things that are needed.
1.) Licence (already have)
2.) E&O Insurance (already quoted and ready to purchase)
3.) Office Space & Equipment (already have)
I would like to give my current boss fair notice as to when I plan to leave, however, I would also like to get started on my own agency.
Iam not familiar with if you can write insurance for a company being and independent agent and no actual business. Also, is there any companies out there that are comfortable with an agent being home based the first 6 months to a year and then opening the actual office? I hope Iam making sense. In my mind I know what I would like to do, but it just seems like a huge step and I am a bit scared but I know I can handle the job as I am doing it now and have been for several years. THANK you all in advance for your help.
