jnetiam
New Member
Firstly... a bit of back ground. I am 41 and have been in business for myself for over 20 years. For the first 14 years opening multiple and very successful clinics. After a divorce 7 years ago, I became a Realtor/Investor in the state of Fl and have been fortunate enough to start from scratch and enjoy a successful business. In the last 3 months, I have referred at least 30 of my clients/friends to this one particular P&C Agency that I really like. They are exactly what an agency should be. It has caused my attention to start looking at opening an agency for myself. I would mostly focus on HO, then auto and then would want to eventually bring in all lines...I think. I have a sister that has an active 2-20 license and has been in the business for 15 years, mostly working in call centers for large companies like Progressive. If it can be done, I know I can do it and I know it will be slow at first. What I need to know is this:
1. How difficult is it for a new agency to rep insurance carriers? Do I have to carry a certain ammount of volume before I am looked at as reputable by some Carriers?
2. Wouldn't it be wise for myself to at least get certified with a 4-40 then possibly move to a 2-20?
3. Since I have an available 2-20 agent w/ experience, is it adviseable to skip myself working as an agent for a firm?
4. Any way that anyone can tell me how much the commish is when you are the agency...I have been told it's around 10% if you are the agent.
5. Finally, any seasoned overall advice is greatly appreciated and respected. Or anything I should know but am too green to even ask!!?
Most Respectfully,

1. How difficult is it for a new agency to rep insurance carriers? Do I have to carry a certain ammount of volume before I am looked at as reputable by some Carriers?
2. Wouldn't it be wise for myself to at least get certified with a 4-40 then possibly move to a 2-20?
3. Since I have an available 2-20 agent w/ experience, is it adviseable to skip myself working as an agent for a firm?
4. Any way that anyone can tell me how much the commish is when you are the agency...I have been told it's around 10% if you are the agent.
5. Finally, any seasoned overall advice is greatly appreciated and respected. Or anything I should know but am too green to even ask!!?
Most Respectfully,
