Please Please Help Me... New 2 P&C

[RookieProducer]

I am newly licensed in NJ. I am so excited to start working, but I am fearful for many things. I have not started working with any broker I worked for AllState for 2 seconds until I realized they are very uncompetitive and that I would not own my book...


My question is...


What do I do? I want to work for an independent broker... I want to be able to build a book... So that if one day I decide to, I can open my own Independent brokerage...?

What type of agreement should I be getting from a prospective Broker? How do I protect my book? What type of terminology should I be using to negotiate when I meet with broker/agents?

I may never open my own place... but I have a ton of business that I know I will be getting and am even holding off because I am scared... 1 deal right now is for 100 commercial buildings my cousin owns...

I just want to make sure after busting my ass after 5 years, I have a book and documentation... so if I need to leave or am forced to leave,(agency closes or is sold, etc) my business comes with me.... and I will always get payed my residual... and what is fair in the independent world? Since I will have no insurance and benefits and I will be 1099...


What do I do? I am desperate to start working... but I am stuck in limbo...?


Please please help me you veterans...I want to feel comfortable to pick a broker and start working...

 

[CHUMPS FROM OXFORD]

Maybe you should talk to some brokers that are located close to you. They would know your market better than anybody.

 

[jhuang]

Go out and knock on the broker's doors as ask them if they need producers.

Or open a phone book and look for non-capitve agencies.

 

[infoe]

What was said above and always remember, You by human nature are going to look at things as what's in it for you.

But what does the independant agent have to gain by letting you work there for a few years, build a book then take it elsewhere...Get ready to think like a business man and realize it won't be free to just move your book around somewhere else..you may need to buy it and wait till your fully vested.

Good luck,

 

[va2vegas]

I've had my P&C in Nevada for about 10 months now...& worked at Allstate in the beginning. Now I'm working for a newly independent agent. Right now we have Superior Access & Infinity. Superior Access is nothing but a headache. Infinity is pretty good; pretty much our go-to company if someone needs car insurance in a timely manner. Looking forward to switching to a company that is more efficient than Superior Access.

 

[JCK818]

va2vegas

If that is all you are working with, you are not being competitive at all. If you want, we can work together. I have lot of carriers in Nevada. Email me!

 

[Sales71]

Being a broker u should have more carriers.

 

[Guest]

100 commercial buildings?

Hell, give me a few days or weeks or how ever long it takes, let me get my non-residence license in NJ and I will split it with ya!

 

[Sales71]

Those commercial buildings are in manhattan...?