Wanting to start an Independent Agency

Nov 14, 2008

  1. Brett Richmond
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    Brett Richmond New Member

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    I am looking to start Independent Agency in Tennesseethat will focus on P&C and would like to find out the best way of find companies that will work with independent agents. Is there a website that list these companies or do I just start calling them as I have talked to independent agents and they do not want to talk about who they go through.
     
  2. Reuben
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    Reuben Super Genius

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    Do you have previous experiance in Insurance?

    A Google search of P&C carriers in your area, hit their web sites, there's usually an area labelled "career" that should help.

    You might have a problem getting signed on however, if you're new to the industry.

    Why not hook up with a P&C agency for a period of time, get some experience then take a look at setting out on your own.
     
    Reuben, Nov 14, 2008
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  3. Brett Richmond
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    Brett Richmond New Member

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    I was with Farmers until 3 yrs ago and got out. I now want to get back in a make a business for me and my family, something I can be proud of and pass onto one of my kids if they want in the business.
     
  4. Reuben
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    Reuben Super Genius

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    Well; to follow the advice of those here who've written threads on this very subject, the search engine here is rather easy to use; make sure you've got enough capital to live off of for at least six months.

    On your own you might have a problem getting signed on as as an agent.

    E&O needs to be in place before most of the companies would consider.

    I would tend to echo the comments made here in other threads, why not consider hooking up with a pre-existing agency for a while, getting your feet wet, building up a deceent client base, before striking out on your own, or are you looking for a web based business?
     
    Reuben, Nov 18, 2008
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  5. scottydb
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    scottydb New Member

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    where in tennessee are you?
     
  6. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    What would be their motivation to "help" a new competitor?
    Do you have something to offer of value to them in return?
     
  7. warnerins
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    warnerins Super Genius

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    Last edited: Dec 1, 2008
  8. Brett Richmond
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    Brett Richmond New Member

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    Nashville/Hendersonville
     
  9. williamsassoins
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    williamsassoins New Member

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    If you can't get the carriers to back you, look for some MGAs to help you out.
     
  10. AlekoSoul
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    AlekoSoul New Member

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    What would be something to offer indys that could be of value in exchange for their help? I am new and looking for something to offer an indy so they can mentor me.
     
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