I'm an independent guy working mainly with group health. I have a friend who has a Nationwide agency where I'm thinking about going on board and selling P&C as well. What are the challenges of doing both? I really can't see it being that big of a deal but wanted to get some feedback from those that have experience with both. Thanks!
Question for Those Who Write P&C and Health
- Thread starter Labman
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Who's going to do your P&C service work (there's a bunch)? Is he getting a cut of your health or does he plan on you writing through his contracts so that he owns the book?
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I would look for an independent agency to partner with, Nationwide has a very limited appetite so you will not be able to help many of your clients.
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Nationwide has a very limited appetite for commercial business in my part of the country. Auto Repair, restaurants and Lessor's Risk (landlords) are basically all they do in CA. I would look into their offerings in your area before partnering with a captive agent.
Just because a company can write a policy does't mean the rates will be reasonable. An independent agency will have many markets that will offer a variety of pricing on various risks.
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