Finding a foolproof system, complete with
training and step-by-step instructions, all designed to help you start an independent
insurance agency is simply not possible. Of course, this is exactly why so many people
turn to captive companies, because they provide the training and guidance one needs to move
from a desire to sell insurance to a grasp of the company’s proprietary system and quickly
out onto the streets and selling insurance. For individuals who have no prior experience,
starting as a producer in an independent agency or as a direct writer with a captive agency
can provide them with some important training. But working in a captive environment has its
limitations. Many agents find that it’s a good way to get the training and experience
they need. However, working as an independent is the way to grow and prosper. Starting as
an independent will almost certainly mean a decrease in income, at least in the beginning,
but it also means increased opportunities down the road. Of course, it’s important to understand how
to get the most out of this transition. There are some important factors that should be
kept in mind. For example, it takes a great deal more than just setting out a shingle
and placing some ads to get you started. Every year, there are thousands of new insurance
agencies that open their doors, but the majority of new independent agencies are started by
individuals who have worked in a captive agency or who were producers in an independent agency. You’ll need help with starting your own independent
insurance agency. The transition from a captive agency to an
independent agency can seem overwhelming. For one thing, you’ll likely discover that
there is still a great deal of information you need to learn in order to be successful
as an independent. However, you can probably count on a great deal of loyalty from your
current book of business. You’ll certainly face obstacles, such as non-competes from
your captive agency, so you’ll likely lose money for your first few years in business.
But, with the right partnership and hard work, you can start an independent insurance agency,
pay off your startup debts, and begin making bigger profits with a much smaller learning
curve. The good news is that there is help available.
That’s where an Agency Network comes in. By partnering with an Agency Network you can
prosper from capitalizing on the strengths and resources of a national organization while
retaining complete independence and ownership…the best of both worlds! Now, you have to find the best fit for your
situation and goals. Well, you’ve come to the right place. Visit AgencyOpportunity.com.
We’ll guide you to the top networks, aggregators, agency clusters, franchises, and brokerages
to start or grow your independent agency.