What I need to do to have my own agency, I'm a NC Agent working for some body else?

Answer 1

You need to be licensed by your state insurance department.

You need to know how all the functions of an agency work. How do policies get printed and mailed? How does money move in and out? What records do you need to keep? What do you tell your insured about whether coverage has officially begun?

You need an insurance company to appoint you. You need to know their underwriting standards and expectations, and which underwriters to deal with.

You need to have some capital because the insurance company is trusting you with the premiums paid directly to you.

You need to have agents errors and omisssions liability insurance in case you screw up and your insured sues you.

You need to have sufficient number of qualified employees. You can't do all the work of an agency yourself.

You need to consider advertising, a web page presence, industry meetings, how to make your presence known locally.

Answer 2

Well listen, if and when you do go out on your own, you might want to consider adding prepaid legal and identity theft to what you have to offer. You could even do it now, if you wanted. This way, you do not work for anyone. We are right where medical insurance was right before it took off, so now is the time to join. I am just throwin it out there, so you do not have to work for anyone anymore. I mean, if you are already in insurance, why not do this?

Answer 3

You need a license, you need a company willing to give you a contract, ie, let you write their insurance, and you need to have errors and ommissions coverage in place before you can start writing insurance with them.

Usually they want a premium volume committment, except for Progressive.

Answer 4

Be prepared to spend some money on advertising. Here is a list of online insurance sites to get listed on: http://www.findlocalinsurance.com/insurance-marketing.html