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Marion Said:

Pros and Cons of operating an insurance agency?

We Answered:

It's a lot of hard work opening up your own insurance company. Number 1, generally most insurance companies like Allstate, State Farm and Farmers require a bachelors degree. If she has one great, if not, they won't accept her especially without experience. It will be a lot of hard work for the first 5-7 years while you have to try to sell sell sell. That's basically what it is, selling. Once you have clientele going, you can live off of your new business and renewals. Eventually, it will be nice to have an office that will practially run itself, But that's not for at least 10 years.

Ann Said:

What would be the best insurance company/plan?

We Answered:

You need to work with an insurance agent that specializes in commercial insurance. From the little bit of information you've given, you will need:

1. Workers Compensation Insurance - every state mandates this for any employer, who has even 1 employee. (In addition, you now are subject to all of the OSHA regulations, Department of Labor, etc.)

2. General Liability Insurance - you will want to have insurance to protect your business against damage done to your customers' properties or persons.

Vicki Said:

What do you call a business that helps starts businesses?

We Answered:

New Business Consultant
Emerging Business Consultant