El Capitan
Expert
- 76
Hello
I have been a licensed insurance agent since '07 and have been selling life insurance and med supps for the last few years (p/t on the side and still selling today). More recently, starting an employment placement company (temp staff) for highly educated professionals (masters to doctorate level). Just finishing up the workman's comp insurance this week. Everything else is a go and already have 6 professionals waiting to get started.
Looking at options to be able to offer health insurance to the employees and the best possible coverage.
My main question -
is there some type of a 'group-plan' that I can get enrolled in (or fall under) where I can make commission on all the participants enrolling in the plan?
I already have an insurance option (to offer my employees) falling under someone else's group plan.
Exploring any options that I might be able to offer the employees in my own company and ideally make commission in the process.
The bottom line is that I want to be able to offer the best coverage for my employees because I see this as one INCENTIVE ('sizzle') to bring people on board. If I can get a better (or best) plan and not make a commission that would be ok too. Open to any recoms.
Also for any commercial lines agents out there -
talk about difficulty getting WORKMAN'S COMP for a company like this. Ended up having to go the high risk pool until we get 2 years of history etc. From what I understand carriers don't want to get involved w/ START UPS of this nature (I applied to several of the main carriers for this industry) and many are even getting out of this type of coverage altogether -as I understand it atleast (dropping coverage in some states for temp employment agencies etc )...
this policy isn't set in stone yet and if any experts out there in this area might have some better alternatives or suggestions - then please let me know.
I figured would ask about this here on the forum before getting coverage as a last resort through the high risk pool......
Thanks.
I have been a licensed insurance agent since '07 and have been selling life insurance and med supps for the last few years (p/t on the side and still selling today). More recently, starting an employment placement company (temp staff) for highly educated professionals (masters to doctorate level). Just finishing up the workman's comp insurance this week. Everything else is a go and already have 6 professionals waiting to get started.
Looking at options to be able to offer health insurance to the employees and the best possible coverage.
My main question -
is there some type of a 'group-plan' that I can get enrolled in (or fall under) where I can make commission on all the participants enrolling in the plan?
I already have an insurance option (to offer my employees) falling under someone else's group plan.
Exploring any options that I might be able to offer the employees in my own company and ideally make commission in the process.
The bottom line is that I want to be able to offer the best coverage for my employees because I see this as one INCENTIVE ('sizzle') to bring people on board. If I can get a better (or best) plan and not make a commission that would be ok too. Open to any recoms.
Also for any commercial lines agents out there -
talk about difficulty getting WORKMAN'S COMP for a company like this. Ended up having to go the high risk pool until we get 2 years of history etc. From what I understand carriers don't want to get involved w/ START UPS of this nature (I applied to several of the main carriers for this industry) and many are even getting out of this type of coverage altogether -as I understand it atleast (dropping coverage in some states for temp employment agencies etc )...
this policy isn't set in stone yet and if any experts out there in this area might have some better alternatives or suggestions - then please let me know.
I figured would ask about this here on the forum before getting coverage as a last resort through the high risk pool......
Thanks.
Last edited: