Becoming a Commercial Producer Questions
Posted: Wed Mar 02, 2011 3:15 pm
Hello,
I'm looking for as much information as I can about starting as a commercial lines producer for an Independent Agency in Oklahoma. Here is some of my back ground and then some questions:
I am 23, and have been selling insurance for a captive agency for 3 years. The 2 owners had a friendly split, and one opened up an Independant agency. They have both been in the insurance business for 20 years, but only as exclusive agents. I stayed with the captive agency side, with the idea of learning insurance and getting experience. Then after a while, I would switch over to the independent agency, Where I want to focus on selling commercial insurance.
We are talking about me making the switch fairly soon. I Only have experience selling P&C. We've talked a little about commission splits, and it looks like it will be at 50/50.
So here are some questions:
What are some good ways to find To educate myself on commercial insurance products? Online classes. I don't have $3000 to spend or I would take the Hartford class. I've searched a bit but there seems to be a lot out there, so I was looking for your opinions.
What do I need to have as far as contracts to protect myself, and my future book there? Do we need to work on contracts together? or is there a good resource to find some online?
Any other suggestions and tips on Being a commercial lines producer are very much appreciated!
Thanks
I'm looking for as much information as I can about starting as a commercial lines producer for an Independent Agency in Oklahoma. Here is some of my back ground and then some questions:
I am 23, and have been selling insurance for a captive agency for 3 years. The 2 owners had a friendly split, and one opened up an Independant agency. They have both been in the insurance business for 20 years, but only as exclusive agents. I stayed with the captive agency side, with the idea of learning insurance and getting experience. Then after a while, I would switch over to the independent agency, Where I want to focus on selling commercial insurance.
We are talking about me making the switch fairly soon. I Only have experience selling P&C. We've talked a little about commission splits, and it looks like it will be at 50/50.
So here are some questions:
What are some good ways to find To educate myself on commercial insurance products? Online classes. I don't have $3000 to spend or I would take the Hartford class. I've searched a bit but there seems to be a lot out there, so I was looking for your opinions.
What do I need to have as far as contracts to protect myself, and my future book there? Do we need to work on contracts together? or is there a good resource to find some online?
Any other suggestions and tips on Being a commercial lines producer are very much appreciated!
Thanks