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How to start an insurance agency

how to start an insurance agency

Pospect Platinum Program Info

Own Your Own Business

Prospect offers a unique opportunity shows agents how to start an insurance agency with the help of a large group that is 55 offices strong. Prospect provides the tools and the know how to obtain Direct Carrier Appointments, Software, Marketing Plans, Business Plans, Rating Software, Website, Low cost E&O insurance, and much more without the large overhead. We will take you Step by Step through our Agency Setup Process and you can access it online.

Online Access To Step By Step Process "How To Open An Insurance Agency"

Prospect gives its Agency Owners access to a step by step plan on how to open an insurance agency. Here are a couple screenshots of your Agency Admin Panel that will guide you to success. Screenshot 1 Screenshot 2

Planning For Direct Access To Carriers and Through Managed Access

Prospect members receive training on how to obtain access to the markets they need to start their agency. Business planning and how to approach carriers. Discounted access to carriers through network programs if you so choose. The relationships you build with the carriers are your relationships! Learn More

Start Up Agency Guide and Workbook

Semcat Comparative Rater Access Included

Prospect members will receive access to Semcat's Comparative Rating System a $100.00 a month value at No Additional Cost. Learn More

Free Website and Web Listings

Receive a website and a website listings at No Additional Cost. Regularly $300 setup and $30.00 a month. Example: Prospect Website Design Center

Start Up Costs

Prospect's monthly dues will begin at the time you join. The dues cover the cost of administration of the program by Prospect. Prospects dues are $295.00 a month.

Commission Payments and Splits

Since we direct you on how to get direct appointments from carriers You Are paid DIRECTLY from the carriers. You are building your relationships with the carriers and you get paid directly from them. We have one of the lowest splits in the industry and we let you control your commissions. You would pay Prospect 10% of commissions on the 25th of each month after you receive your commissions from your carriers.

The Ability To Sell Your Book Of Business Value

Prospect respects our Agents time and effort involved in order to gain and maintain clients. Prospect will be there to help if and when you decide to sell your book's value. We have an extensive agent network and we will help you find a buyer. Prospect does not take any portion of the sale of YOUR business!

Errors & Omissions Insurance

Prospect has a preferred provider that we use for E & O insurance. We will help you lower your E&O expense. Instant 10 minute coverage for $751.00 a year. (New York excluded)

Ethics Membership Included With E&O Purchase

Prospects E&O preferred provider includes a membership to the National Ethics Association.

Written Business Plans and Templates

We will provide you with a sample written business plan for the insurance industry. We will also provide you with a template so you can write your own.

Category: Insurance

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