bootstraps
New Member
- 8
Hello,
I am new to the industry and am in dire need of some basic direction for start-up P&C agencies. I work for a real estate company that is now expanding to sell insurance to its clients and many, many contacts. I have been assigned as the start up guy, to get new business and figure out all the ins and outs of the industry. I have my P&C license and right now we are "co-brokering" any business we get with the insurance agency that has been writing our real estate polices for some years now. We eventually would like to go off on our own, as we build more clients and have more income to support a servicing staff. My questions are:
Are there other agencies that specialize in training and support for start-ups for a commission split, where eventually the start-up will take the book when they get appointments?
If so what is the term used for these types of agencies?
What are the typical splits?
I have also seen some software programs where it looks like any licensed agent can get quotes for P&C, online through what appears to be a wholesaler. Would anyone recommend using these programs and which ones if so?
We are mainly going after commercial business through established contacts and referrals if that helps answer any questions.
Thank you for your time.
I am new to the industry and am in dire need of some basic direction for start-up P&C agencies. I work for a real estate company that is now expanding to sell insurance to its clients and many, many contacts. I have been assigned as the start up guy, to get new business and figure out all the ins and outs of the industry. I have my P&C license and right now we are "co-brokering" any business we get with the insurance agency that has been writing our real estate polices for some years now. We eventually would like to go off on our own, as we build more clients and have more income to support a servicing staff. My questions are:
Are there other agencies that specialize in training and support for start-ups for a commission split, where eventually the start-up will take the book when they get appointments?
If so what is the term used for these types of agencies?
What are the typical splits?
I have also seen some software programs where it looks like any licensed agent can get quotes for P&C, online through what appears to be a wholesaler. Would anyone recommend using these programs and which ones if so?
We are mainly going after commercial business through established contacts and referrals if that helps answer any questions.
Thank you for your time.