Opening a New Agency Questions

[nyc2phi]

Thanks for all the feedback. additional questions would be what would the average split be between agent/agency as I am going to bring on some agents other than myself. What percentage of business pays annual vs monthly? I can't get any help from local P&C people as I will be their competition, so this forum is great. Thanks again.

This varies and depends on how you plan on paying the producers. If you offer somekind of base salary then you can offer a lower payout on the comissions and visa versa. Somewhere between 50-70% on new business and renewals. People will either agree or disagree.

 

[Soaringagent]

The noodle might be a good starting point