First time posting here and looking forward to being a part of the community.
We are a small P&C agency of 6 people. We have the owner, office manager, 2 CSR’s, a receptionist and myself. I have a 50/50 split for new business and renewal. I have no base salary and no benefits. I am coming up on completing my 4th full year at the agency and had no insurance experience prior to this.
The owner throws me some leads every once in a while but it’s mostly junk. However I’ve turned some of that junk into some large accounts. I service my whole book of business. I was told that once my book hit $1m I would have a CSR that would work under me 2 or 3 days a week.
Well I recently hit $1m and about 2 weeks ago the owner and office manager sat me down and said I would start to receive some help. The CSR’s will now start helping me with COI’s, payments, non-premium changing endorsements.
It’s only been a week or two, but I have noticed very little in regards to time being freed up so I can keep selling and growing my book. My whole day is consumed by renewals, inspections, reshops, audits etc. I barely have time to quote new business.
I was always under the belief that a 50/50 split on new and renewal was a great deal for me. However, lately I’ve been completely overwhelmed with my workload and feel like I’ve hit a plateau. I already work 55-60 hours a week and have a 1 year old at home.
Sorry for the long winded post! I look forward hearing your thoughts on my compensation plan.
We are a small P&C agency of 6 people. We have the owner, office manager, 2 CSR’s, a receptionist and myself. I have a 50/50 split for new business and renewal. I have no base salary and no benefits. I am coming up on completing my 4th full year at the agency and had no insurance experience prior to this.
The owner throws me some leads every once in a while but it’s mostly junk. However I’ve turned some of that junk into some large accounts. I service my whole book of business. I was told that once my book hit $1m I would have a CSR that would work under me 2 or 3 days a week.
Well I recently hit $1m and about 2 weeks ago the owner and office manager sat me down and said I would start to receive some help. The CSR’s will now start helping me with COI’s, payments, non-premium changing endorsements.
It’s only been a week or two, but I have noticed very little in regards to time being freed up so I can keep selling and growing my book. My whole day is consumed by renewals, inspections, reshops, audits etc. I barely have time to quote new business.
I was always under the belief that a 50/50 split on new and renewal was a great deal for me. However, lately I’ve been completely overwhelmed with my workload and feel like I’ve hit a plateau. I already work 55-60 hours a week and have a 1 year old at home.
Sorry for the long winded post! I look forward hearing your thoughts on my compensation plan.
