 Allstate vs Nationwide Insurance? |
| I am looking at purchasing new auto and homeowners insurance. Both Nationwide and Allstate will be saving me money in my current situation with Farmers Insurance. I have final quotes from both N... |
|
 Can an insurance agent write and charge your mortage co without your permission?? |
| HARRISON INSURANCE OF DALLAS WROTE AND CHARGED MY MORTAGE COMPANY FOR INSURANCE EVENTHOUGH HE WAS TOLD BEFORE AND AFTER CLOSING SCROW THAT HIS SERVICES WEREN'T WELCOMED,IS THIS LEGAL???... |
|
 Cheap Family Insurance? |
| I am looking for an affordable insurance for my whole family. We dont qualify for medi-cal or healthy families. In our family its my husband and I and 2 young children. If you have any suggestions, ... |
|
 When applying for insurance coverage, why do the agents always want to know? |
| WHO you've had coverage with? I can see them asking If you've had coverage but why is it so important WHO you've had it with? It is so irritating when they do that.... |
|
 How do elderly people coming for permanent residence to US get health insurance? |
| My parents who are approx. 70 years old are considering coming to live with my family to US. My main concern is how they are going to get the health insurance. Any pointers? Thanks in ... |
|
 How to get insurance to pay for rhinoplasty? |
| A surgery was performed on the deviated septum a couple of years ago - turns out I STILL can't breath. And how will I go about getting coverage for a rhinoplasty.... |
|
 While depending on social security can I apply for a life insurance policy ? |
| If I'm lazy to go to work can I depend on the social security income ? While depending on social security can I apply for a life insurance policy ?... |
|
 Disability pay for bipolar? |
| Am I entitled to it? I was off on paid leave in 96, diagnosised with major depression in 95, and bipolar in 2003, I've lost jobs because I have a hard time while in a manic/depress ... |
|
 Bill From Doctor's Office saying insurance refused to pay due to 'untimely billing by office'? |
| My wife got a bill from our doctor's office from July 2006 that states 'insurance has denied these services for timely filing'. 'We have submitted proof of timely filing $ they ... |
|
 Will Cobra insurance cover my fiance? |
| I am at a job that offers a domestic partner insurance policy that allows me to have my fiance on my plan for our family plan. I was offered another job that does not have the domestic policy but ... |
|
 Declare myself independent from parents? |
| Is there a way I can declare myself as an independent (meaning my parents don't claim me as a dependent on taxes and stuff like that)? I'm not quite sure how it exactly works. I've ... |
|
 Are employers in the state of NY required to provide medical insurance past an employee's termination date? |
| I was under the assumption that all employers are supposed to provide continued health coverage for an employee after they leave for a certain length of time.... |
|
 Hostage negotiatiation.? |
I am a professional negotiator and want to get into private hostage negotiation with a mercinary army.
Anyone out there who works for one and can get me in.... |
|
 Can I get malpractice insurance if I am just a receptionist at a senior living facility? |
| The facility that I work at, is under Investigation and there are several former caregivers that are in jail for alleged abuse, I want to protect myself (economically and civil wise) even though I am ... |
|
 I need health insurance and I'm self employed? |
| I really dont know where to start. I have heard that i cost a lot more to get insurance on your own. How do i get the best price? Or the same price as if i was getting from an employer?... |
|
 Im filling out an online form for a geico ins. quote.Its asking me what kind of pip coverage i want? |
| 1) decline 2)pip insured only 3) pip insured and relative only 4)pip insured with excluded work loss. Also they want 2 know if i want additional pip coverage.What should i say?... |
|
 Am I still eligible for unemployment insurance if I move out of state? |
| I currently receive bi-weekly unemployment checks. I live in California, but in a few months, I will be relocating to Texas. Basically I just need to know if I will be receive insurance from another ... |
|
|  |
ricks | How difficult is it to start an insurance agency? |
I am currently an independent agent & do it part time to suppliment my regular income. I have been toying with the idea of starting an agency & contract/employ others so I can also suppliment.
I contract with a few companies now & wanted to see if it would be worth while to start my own agency and get a few small soliciting contracts with some companies that I know of.
Can you tell me how troublesome the process is? I am not trying to franchise though, like an Allstate or State Farm. I would prefer to keep the independence. Any ideas on the fees & costs?
Additional Details
I am already licensed & contracted with several big named & lesser known insurance companies. I used to work for a major area bank brokerage firm as well as an agent with a company & have since gone independent. I have been selling insurance for about 5 years now between annuities (fixed, VA and indexed), term, whole, senior, mortgage protection, and such.
My question is how difficult is the process to start an agency on my own? I know that there must be tons of forms to file & register, state fees, re-licensing as an agency as well as an independent agent. There in lies my question: do I basically need a proctologyst to do this? |
 |
 
mbrcatz
 |
Actually, I've never lived in a state where it was a hard thing to do - you have to file the business like any other business, get a tax id number, like any other business. The biggest expense is E&O coverage, which will probably run you $5K a year to start. Then it's just liability coverage & wc for your employees.
You already have the carriers lined up - that's by FAR the hardest part of it, that, and oh yeah, SELLING enough to pay your overhead. |
|
insureman613
|
ask at www.insurance-forums.net There are many agents there who have gone independent after working for bigger conmpanies. They will walk you right through it. |
|
Queen B
 |
depends...how much start up money do you have? you will have to be contracted with your companies. some are easier than others. in order to make a profit, you will need as many companies as possible to write with since you are an independent. i am not sure starting your own agency is something you want to do just to supplement...it takes a lot of time to make a go of it. |
|
Eds
|
IT is NOT difficult at all!! You can begin as you are now working. A number of companies do not require large fees and costs. I work with a group called HBW Financial Services in California. I think that it costs less than $100 total to get with a number of the companies they represent and be able to hire others with them. They are into term, WL, UL, Mortgages, Annuities, Securities. I know that there are others out there too. Just begin looking online. No matter what, YOU can DO IT! Have a great holiday season!!
Eds |
|
Conrey
|
Sorry but I think you should already know that, it's your business. You first have to have a license from the city and state so don't forget that tho. Good Luck To You. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
5 | 24 minutes(s) ago
| | | |
5 | 53 minutes(s) ago
| | | |
5 | 3 hour(s) ago
| | | |
5 | 7 hour(s) ago
| | | |
5 | 11 hour(s) ago
| | | |
5 | 1 day(s) ago
| | | |
4 | 4 day(s) ago
| | | |
5 | 1 week(s) ago
| | | |
5 | 2 month(s) ago
| | | |
5 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
