P&C Agent Looking to Go on Own W/ Questions

rickybobby

New Member
1
need some help... 4yr successful agent 300K p&c book looking at starting own scratch agency in N Carolina.
Have a bankruptcy 2yrs ago. Anyone had issues getting agency appointments that have had to go through a BK?
Any carriers in particular that will or will not?
I think I can get E/O without too much trouble. (may pay a little more?)
Thanks
 
The bankruptcy may be an issue with your appointments. You might have to work through an MGA for a while if you can't get appointments.

As for the E&O, some carriers don't even ask the question.
 
Pretty much all carriers we represent have required credit reports and such, so the bankruptcy may cause problems, like oldinsuranceguy said. I second the idea of looking for some kind of aggregator or wholesaler of some kind.

OTOH, if you have a $300K book, that might get someone to bite. Just be upfront with the marketing reps about the bankruptcy so they know whether to pursue it.
 
The bankruptcy may be an issue with your appointments. You might have to work through an MGA for a while if you can't get appointments.

As for the E&O, some carriers don't even ask the question.

I don't know a single P&C carrier that doesn't ask about E&O. And even if they didn't the OP would be foolish to go bare.
 
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