The Basics of Starting an Independent Insurance Agency
By Tony Caldwell
By Tony Caldwell
Have you had enough with being a “captive” agent? The name says it all, doesn’t it? The insurance business is full of opportunities, and you should be taking advantage of all of them. Insurance companies set goals and limitations for their captive agents, but independent agencies get to call the shots and seize every opportunity.
If you’re ready to become uncaptive, our very own CEO Tony Caldwell will give you all the tools you need to change your mind, uplevel your skillset, and get ready to launch your independent agency.
How are you going to reach your goals if you don’t have any? Successful entrepreneurs know that planning is half of the battle.
Making a business plan doesn’t have to be incredibly complicated: identify your best opportunities, set goals, and then plan the steps to reach them and grow your book of business at a steady pace.
To start a business, you probably don’t need a big office and a full-time assistant. What you will need is good agency management software, some sort of office space, and making sure all your licenses and permits are in line as per the insurance commissioner.
See what your income could be with an OAA membership.
You will get a lot further if you know where you’re going and how to get there. Let us help you create the perfect business plan to make a splash in the insurance industry.
Your relationship with insurance carriers will be very different now that you are an independent insurance agent. Learn about the insurance products you can sell and the types of insurance that interest you most, and get ready to negotiate terms with insurance companies.
You’re the boss now, it’s time to study, learn, and grow. There is no room for error and omissions when your name and agency are on the line, so get ready to study lots about professional liability insurance, life insurance, or whichever field you want to be the expert in.
Managing an insurance agency is an art and a science, but you can make everything work smoothly with the help of technology. Leverage agency management software to make the most of your time and increase your efficiency.
The world has gone virtual, and marketing is smarter, leaner, and meaner. Learn how to use email campaigns, social media, and the power of the Internet to find prospects and turn them into customers.
If you want to grow into a big agency you will need more people to share the workload with. Let us help you answer all the big questions regarding hiring agency staff.
Are you ready for expansion and growth? Congratulations! We have many tools for independent agencies ready to move into the next level.
Freeing yourself from captivity and starting your own agency can be daunting, and we’re sure you have many questions. Here are the answers to some common questions, please take a look at our blog or contact us if you have any other questions about becoming independent and joining OAA.
Agents have responded over the last 30 years to the changing environment, in many cases by joining an organization to help them have more access to markets at a higher compensation level than they could on their own. This has benefited many of them.
HELPING INDEPENDENT AGENTS REACH THEIR GOALS
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