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Eduardo Said:

Okay so travel agency is out. What about starting an insurance agency?

We Answered:

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet.

http://www.ambest.com/directory/ascdir.h… -- Directory of Insurance Associations

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* 10 Steps to Success: A Commonsense Guide to Building a Successful Insurance Business by Daniel S Fowler
* Principles of Principled Life Insurance Selling by Ned Ricks
* Life and Health Insurance License Exam Cram by Bisys Educational Services

There are plenty of free informational resources out there. Check out these free articles:

http://ezinearticles.com/?Selling-Insura… – Selling Insurance Online: How to Bowl a Strike by Peggy Mace
http://ezinearticles.com/?How-Do-Agents-… – How do Agents get Life Insurance Leads by Peter Crump

Hope that helps! I wish you much success & happiness in all your ventures!

Roger Said:

what are the steps for starting an insurance agency?

We Answered:

1. get a license to sell insurance
2. get a company willing to let you sell their insurance

That's it.

In reality, it's much harder than that - and if you have no idea how to do it, you shouldn't be doing it.

Ricky Said:

How to get an Insurance Agency started?

We Answered:

At this point, I would recommend that you look into the trade associations for insurance. Many have student memberships that are inexpensive and give you access to all of their information and events. Also, find an agency or agent that could act as a mentor to you. Perhaps you could work for them as an intern (paid or unpaid) to learn the business.

Lee Said:

Anyone have any knowledge regarding starting an insurance agency?

We Answered:

If you are talking about being independent that is easy. Get producer contracts. You probably will have to go through a large agency. Get connected with those that will provide you with free training. To find the biggies, call the insurance companies and they will refer you to local agencies. Decide what products to target and then buy leads on the Internet and start calling and closing and writing apps.

Andy Said:

How difficult is it to start an insurance agency?

We Answered:

Actually, I've never lived in a state where it was a hard thing to do - you have to file the business like any other business, get a tax id number, like any other business. The biggest expense is E&O coverage, which will probably run you $5K a year to start. Then it's just liability coverage & wc for your employees.

You already have the carriers lined up - that's by FAR the hardest part of it, that, and oh yeah, SELLING enough to pay your overhead.

Raymond Said:

What do I need to do to start an insurance agency?

We Answered:

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* 10 Steps to Success: A Commonsense Guide to Building a Successful Insurance Business by Daniel S Fowler
* Principles of Principled Life Insurance Selling by Ned Ricks
* Life and Health Insurance License Exam Cram by Bisys Educational Services

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!