Newly Licensed P&C in Pa

[jrf1711]

I am a newly licensed p&c agent in PA, my family owns a Buy here-pay here auto dealership, motorcycle dealership, which i have been running for the past 21 years..I am now planning to open an insurance agency..With strong business ties in my community, I sell 50 cars a month and 50 motorcycles a month and 9 out of 10 need insurance..I also have accounts receivable of over 700 clients in which i can probably take 80% of them into a new insurance carrier that i will provide..I have alot of potential clients waiting for me, who also need business, commercial, workers comp., etc...I have the office space, I have a captive audience, the surety bond, E+O, my question is who would appoint me (what carriers) without having a book of 200k per year..I know i will easily attain that once i am able to write...thank you

 

[Hefe]

You will need to start 1 of 2 ways. You could sign up with a wholesaler to get access to carriers without having a book of business. For this route, see the thread titled "who is the best? Insurance Noodle, others?" to see some opinions on which wholesalers are better. They will take either a portion of the commission or a flat fee. Look for one that will let you roll your book of business into a direct appointment down the road without too much of a hassle.

The other option is to find a local agency that will help you learn and give you access to carriers in exchange for a portion of the commission. The learning aspect may prove more valuable than you think. You have a marketing plan but learning multiple carriers' systems and underwriting guidelines isn't easy.

 

[Jonny.Boy_NYC]

I'm looking for an experienced P&C broker licensed in NY that is interested in working together on new business right away.

Please contact me. I'm available for the remainder of the day.

Thank You

 

[1manshow]

.....you do realize you just posted to a year old thread?

Sooooo....when you say "right away"...what is "right away"?

 

[Jonny.Boy_NYC]

1manshow - Yes, I was fully aware of the time frame before I posted.

It was actually over a year from the last post previous to mine. I believe the actual date was 4/26/11.

I do appreciate you making sure I knew that.

When I say "right away" I am referring to "without delay or hesitation" and/or "With no time intervening" for two examples. Sorry for any misunderstanding.

Hope that clarifies your concerns.

Thanks

 

[Guest]

1manshow - Yes, I was fully aware of the time frame before I posted.

It was actually over a year from the last post previous to mine. I believe the actual date was 4/26/11.

I do appreciate you making sure I knew that.

When I say "right away" I am referring to "without delay or hesitation" and/or "With no time intervening" for two examples. Sorry for any misunderstanding.

Hope that clarifies your concerns.

Thanks

Well, thx for wasting out time on a year old thread anyway

 

[b61mack]

Why do so many guys get hung up on people answering old post. He is just asking a question. Johnny check out agency equity web site. he is on this forum. use the search function...

 

[Guest]

Why do so many guys get hung up on people answering old post. He is just asking a question. Johnny check out agency equity web site. he is on this forum. use the search function...

because old posts, and usually the meaningless comments made on them are a waste of our time.

Secondly, if its a year or two old, things change, so the info in the thread can and usually is meaningless..........

Glad to see you have a man crush on AE thou