Search found 30 matches
- Mon Aug 10, 2015 11:16 am
- Forum: Opinions
- Topic: Can anyone vouche for Noodle, Smart Choice, Agent Secure?
- Replies: 11
- Views: 57167
Re: Can anyone vouche for Noodle, Smart Choice, Agent Secure
I used Agent Secure when starting up my agency. They had a different split and paid profit sharing that I did receive. The more you write the better care they take of you! Have you looked into E & O it took me 8 months to get my first policy. One other recommendation I have is get a partner. Tha...
- Thu Oct 03, 2013 10:29 am
- Forum: Hard-to-Place Accounts
- Topic: Peer-2-Peer Musical Instrument Rental Insurance (SV Startup)
- Replies: 3
- Views: 13843
Re: Peer-2-Peer Musical Instrument Rental Insurance (SV Star
Sorry but your plan will only work if you get an insurance license.
There is not enough commission to earn by a producer for most of us to consider looking to even try and place this type of account.
There is not enough commission to earn by a producer for most of us to consider looking to even try and place this type of account.
- Wed Nov 30, 2011 12:25 pm
- Forum: Hard-to-Place Accounts
- Topic: Workers comp for janitorial services
- Replies: 8
- Views: 8762
Re: Workers comp for janitorial services
Don't call your states insurance department. They have no idea which carriers have good rates for a certain line of business. You should be consulting your carriers.
- Mon Nov 28, 2011 11:50 am
- Forum: Opinions
- Topic: QuickBooks
- Replies: 8
- Views: 21524
Re: QuickBooks
Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency bill. Possibly they have upgraded but using the 2008 and prior years it double booked income.
- Thu Aug 25, 2011 11:16 am
- Forum: Hard-to-Place Accounts
- Topic: Merchant Services
- Replies: 4
- Views: 5208
Re: Merchant Services
Most of us only use what carriers provide. Its just too darn expensive at 2.8% to 2.0 of premium.
- Mon Jan 31, 2011 2:43 pm
- Forum: Opinions
- Topic: Why Would an Agency Retain Trust Account Service?
- Replies: 16
- Views: 26368
Re: Why Would an Agency Retain Trust Account Service?
Every agency should have a seperate trust account. If you are using your head and set your clients up as direct bill and you wont need to hire an outside source! You will only use it to sweep client payments to carriers.
Re: The Big I
You can only be a member of the Big I if you are a member of your state agents association. They offer hard to place lines of coverage. I suppose if you chose to work only in those lines and built up a book over 300,000 you might be able to get a direct carrier appointment. Your average carrier will...
- Fri May 21, 2010 11:28 am
- Forum: Opinions
- Topic: Independent Agent Sub Producer Commission Structure
- Replies: 16
- Views: 62626
Re: Independent Agent Sub Producer Commission Structure
If this business were soo easy everyone would do it! I have been on my own for 15 years for Life & Health and 6 years ago I started my own P & C Agency. Yes I thought I deserved more than 50%. But I know know that was a reasonable split. There is a lot more to being in the insurance business...
- Tue Apr 27, 2010 11:19 am
- Forum: Opinions
- Topic: Fidelity Insurance Company Terminating Brokers. Fair?
- Replies: 7
- Views: 9752
Re: Fidelity Insurance Company Terminating Brokers. Fair?
As agents, we are responsible to attempt to be a profit center for our insurance companies we represent. Fidelity left Michigan 2 years ago with a 400% statewide loss ratio. We had a 0% loss ratio. We all have shock losses. Spread your account risk so if an area has a problem it won't become yours. ...
- Fri Sep 12, 2008 10:48 am
- Forum: Opinions
- Topic: Mercury broker appointment
- Replies: 25
- Views: 26818
Re: Mercury broker appointment
Be Glad your not in Michigan.
Mercury is a great company but there rates here aren't very competitive.
Mercury doesn't hurry about appointing agents. Good Luck
Mercury is a great company but there rates here aren't very competitive.
Mercury doesn't hurry about appointing agents. Good Luck
- Thu Jan 03, 2008 12:40 pm
- Forum: Opinions
- Topic: Optional Federal Charter - Yea or Nay?
- Replies: 5
- Views: 4771
Optional Federal Charter
The NAIC should be the continued mechanism for uniformity in insurance regulation in the United States of America. Federalism will only create more problems than solve.
- Tue May 29, 2007 11:44 am
- Forum: Hard-to-Place Accounts
- Topic: NEED E&O for agency
- Replies: 6
- Views: 6483
- Tue Apr 17, 2007 11:47 am
- Forum: Opinions
- Topic: 1099 PRODUCERS WORKING FROM HOME OR AT REMOTE LOCATION
- Replies: 2
- Views: 3955
1099 Producers working away from office
I have had my own agency for 3 years now. however, I worked as a 1099 producer our of my home for 10 years prior to starting my own agency. I was expected to submit a fully completed accord application and supplements as necessary with the correct ISO information to quote the account. I did annual f...
- Tue Jan 30, 2007 12:35 pm
- Forum: Opinions
- Topic: Forms Boss or Simply-Easier-Acord Forms?
- Replies: 5
- Views: 6352
Forms Boss
I believe I have used forms boss for about 10 years, since it was a dos based program. I was an off site producer for another agency then. It has come a long way and takes care of most basic management items. (I have the management option). For the price it is a very good investment. I know there ar...
- Thu Jan 11, 2007 11:51 am
- Forum: Opinions
- Topic: Where Do I Find Protection Class
- Replies: 11
- Views: 84770
Protection Classes
Contact ISO and Order the paper version of Community Mitigation Classification Manual and what State. The Michigan Guide costs $125 a year.
http://www.iso.com
http://www.iso.com