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LOL - please show me where an Independent Insurance Agent can't enroll peeps into voluntary insurance plans [in a company where they are also the owner]?
Not doing 401k's, etc - just life, health, ancillary, etc . . .
Ask in the employee benefits sub-forum. I only know that you can have issues - particularly with GROUP insurance plans, such as health insurance.
I may be thinking of a non-profit organization (or even a city council?) looking to buy group health insurance. So they put out a request for proposals and they end up going with someone serving on the board... showing the potential for a conflict of interest.
Just better to check in advance than risk it.