Question for the P&c Pros...

[scottstreet]

Is it possible to own a book of business that you split the revenue from with an agency that services the book? Is this a common arrangement? I am interested in offering comm. P&C as an add on offering to my business owner clients but am not interested in servicing this work. Any thoughts appreciated. Best, Jim

 

[FL P&C Broker]

We are talking with some independent agents that are looking to retire but don't want to sell their book. We are in the beginning stages of seeing how something like this would work. The basic idea is to have a servicing company set up to service all the polices and cover all costs. The owner still retains ownership and receives a check every month.