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Sylvia Said:

Opening an Insurance Agency in FL- Buying Book of Business?

We Answered:

Well, my FIRST thought is, if you buy the book, do you get the contracts with the property carriers? If you can't get a contract with a property carrier, it's probably not worth buying the book.

The appointments mean EVERYTHING.

Manuel Said:

I am looking to get into the insurance business, starting an agency, Can any one tell me which one to go with?

We Answered:

Reasons not to go with Farmers:
http://www.farmersinsurancegroupsucks.co…

Allstate has a bad reputation also. You should look into options which allow you to be an independent agent.

Enrique Said:

What is the best business to run within my insurance agency?

We Answered:

The problem I see in your field is that the internet sales of auto and home insurance is rapidly replacing insurance agents. Maybe consider real estate brokerage( a broker can have their own agency and the agents do all the leg work), college loan brokerage, brokerage of prepaid funeral services, brokerage of dental/vision care insurance, farm crop insurance, general liability insurance, brokerage of tax preparation(you get the clients, someone else prepares the returns), or consider learning finanical planning and becoming certifiated CFP(however this field is rapidly becoming overloaded. .

Jill Said:

Is this a good time to start an insurance agency business?

We Answered:

Are you starting an AGENCY or becoming an AGENT?

This business isn't easy, but you reap plenty of rewards for your hard work.

If you're looking to open up an agency, then you should already be an agent... I hope. Your goal should always be to go independent, you make more money.

If you're becoming an agent, then you should prepare yourself.

"For the first 3 years you will work harder than most people, so that for the rest of your life you can live like most people can't"

Standard deviation of a year or two and I find this to be correct.

Short answer: Now is a great time...

Veronica Said:

I'm looking for a catchy slogan for my insurance agency business.?

We Answered:

How about "Buy your insurance Here, So we can take another Hawaiian vacation on your dime".

Flaunting your Hawaiian frequent vacation connection may very well lose you customers, especially in an economic climate in which many of your customers may be struggling financially to make ends meet.

I don't know if your new to the marketing aspect of your insurance biz. but I've always believed you should project an image that is professional yet commensurate with the financial status of your clientele.

Your clients may not make it to Maui so often and could begin to wonder if they are over paying.

Flippancy and braggoty is not usually very well accepted from an insurance agent. But , too each his own.

Best of Luck