Property Insurance

[Edwardfin]

There is a company that allows you to sell Auto and Home and renters insurance without minimum production standards. I sell Life however I do run across people who need it. Can anyone help me with the name of that company?

 

[AZDave]

To my knowledge, no. And if there was, now you have more E&O to pay for.

I would find an independent agency that does not do any Life. Make an arrangement with them for referrals. You can benefit from their life referrals, and they in turn benefit from your P&C referrals.

Just a thought.

Dave

 

[Edwardfin]

Thanks, I understand that however in this case I'm looking for the company.

 

[fed up]

Get appointed with a brokerage in your town and submit through them

 

[fed up]

You get the initial comp and they keep the client

 

[Markthebroker]

I've been down this road. I sell commercial p&c, and I would try to sell some life and personal p&c here and there because I wanted the extra $$. In the short term it made me money, but in the long run it cost me more in time and distraction from my core business than I made from those little one off sales. But, to each their own.

 

[Valor]

When it comes to your larger insurers, that may be a tough one to find. However, you might be able to find smaller, local and/or regional carriers that would appoint you without any quotas. The challenge is name-recognition and service when it comes to claims and other issues that pop-up regarding these small ins companies. Some people aren't comfortable with the idea of insuring their autos & home with smaller, lesser-known ins companies.

Keep in mind that there isn't much servicing with life insurance policies. Auto & home insurance policies on the other hand can be a pain in the neck...and then some...

The other option(s), as per AZDave and fed up suggested, refer these leads to an agent or broker and get split commissions or some other compensation from them, but they handle the servicing.

I wish you well.