P and C advice

[gstker]

So how are you doing with them? Did you sign a franchise agreement or agent?

I signed an agency agreement. The franchise agreement didn't make sense. Lack of brand name, and I did not want to spend my money promoting their name. My pervious life I was a financial advisor, so the P&C angle is great for me to go after the other financial business. I believe the P&C intro is a lot easier to make a relationship with someone. Its a lot easier then talking someone into giving you 1 million dollars to invest. I am starting within a week or so, still waiting for some of my appointments. So far they have been very helpful, and they haven't "managed" me at all... They dont make money unless I do.. so I like the relationship, we are both on the same side of the commissions. Since they take some of my commission on the first 50k, my objective is to get them to activate as many appointments in my state as possible. That way I believe they earn their money. As a start up agent I can have access to many carriers without quotas.

 

[thereaper]

I signed an agency agreement. The franchise agreement didn't make sense. Lack of brand name, and I did not want to spend my money promoting their name. My pervious life I was a financial advisor, so the P&C angle is great for me to go after the other financial business. I believe the P&C intro is a lot easier to make a relationship with someone. Its a lot easier then talking someone into giving you 1 million dollars to invest. I am starting within a week or so, still waiting for some of my appointments. So far they have been very helpful, and they haven't "managed" me at all... They dont make money unless I do.. so I like the relationship, we are both on the same side of the commissions. Since they take some of my commission on the first 50k, my objective is to get them to activate as many appointments in my state as possible. That way I believe they earn their money. As a start up agent I can have access to many carriers without quotas.

Thank you I hope your successful. I've had a P&C license for 4 years and have nothing to show for it. I am a captive life and health agent thinking of going independent, but after reading quite a few of the p&c posts and knowing it takes sometime to build anything I'm dragging my feet. I'm quite a bit older and don't know if I have the motivation anymore.

 

[wappahso]

this is great, I just contacted smart choice and I hope to hear from them..

 

[Insurance Phoenix]

Superior Access is a decent suggestion, as someone above noted. Be aware that if you ever quit paying them you lose your future commissons. That is my understanding, anyway.

Go to www.iiaba.com and search for independents in your area. Call and visit with the owner, or personally stop by. Quiz them. Ask questions. Maybe they bring on newbies and do a fair commission split.

If those two suggestions do not work, the captive route may be the alternative.

 

[sam1800]

With Superior Access you would not lose your future commission. This is how it works while the agent is a subscriber. 100% of the standard carrier commission on personal lines business and up to 80% of the standard carrier commission on commercial lines business. Once the service is cancelled the agent is paid 50% of commission on policies left with Superior Access. Hope this clears this up.