BrooklynIA
New Member
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Starting My Own Insurance Agency! Need Information!
Hey Guys! I am new to the forum so bare with me! Now i wanted to help my brother start up a new insurance agency in Brooklyn, NY. I had a few questions to what we should do and how we should do it.
My brother doesn't have any experience selling any insurance or anything at all, the only thing he has is that he is a licensed broker.
My suggestion to him was that we should hire someone with experience (How much should we pay him weekly?) and help that person guide us on starting the business and basically including that person in our team as a partner. We do not have any financial problems so this wouldn't be a problem for us to hire someone right from the start.
What i wanted to know was if this was a smart thing to do? Like if we do this is there any basic knowledge i should know beforehand i hire someone? like what type of software we need to be able to sell insurance? Also how do i get to sell specific insurance agencies policies to customers? I know some agencies (i.e Allstate) wont allow you to sell unless you only sell their insurance.
If you guys suggest he rather work for someone for a few months and learn the ins and out we could go with that as well but ultimately we wish to have our own business.
I will definitely look around on the forum for other peoples opinions and suggestions on different matters so any information here would really help us!
P.S i have a degree in accounting and finance so i can handle his financial works. If that helps
Hey Guys! I am new to the forum so bare with me! Now i wanted to help my brother start up a new insurance agency in Brooklyn, NY. I had a few questions to what we should do and how we should do it.
My brother doesn't have any experience selling any insurance or anything at all, the only thing he has is that he is a licensed broker.
My suggestion to him was that we should hire someone with experience (How much should we pay him weekly?) and help that person guide us on starting the business and basically including that person in our team as a partner. We do not have any financial problems so this wouldn't be a problem for us to hire someone right from the start.
What i wanted to know was if this was a smart thing to do? Like if we do this is there any basic knowledge i should know beforehand i hire someone? like what type of software we need to be able to sell insurance? Also how do i get to sell specific insurance agencies policies to customers? I know some agencies (i.e Allstate) wont allow you to sell unless you only sell their insurance.
If you guys suggest he rather work for someone for a few months and learn the ins and out we could go with that as well but ultimately we wish to have our own business.
I will definitely look around on the forum for other peoples opinions and suggestions on different matters so any information here would really help us!
P.S i have a degree in accounting and finance so i can handle his financial works. If that helps
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