Search found 11 matches

by Swymmer
Tue Apr 09, 2019 3:38 pm
Forum: Opinions
Topic: Commission For P and C
Replies: 4
Views: 4134

Re: Commission For P and C

It is a bit tough to really say on this one. You are new. If you were an experienced commercial producer working for my agency I pay 50% of the earned commission for new business with 30% renewals. And a salary. My personal lines producers get 50% first year and no renewals, but a stronger salary as...
by Swymmer
Tue Oct 16, 2018 11:29 am
Forum: Opinions
Topic: College senior interested in insurance career
Replies: 6
Views: 7818

Re: College senior interested in insurance career

Hey, college SR! Congrats, and smooth sailing! Here's the first thing... Many carriers have easy to obtain paid and unpaid intern programs. I would suggest you consider that route, at first. Maybe for only 6 months. I got into this business as a life insurance agent right out of college, too. 1979. ...
by Swymmer
Tue Oct 16, 2018 11:10 am
Forum: Opinions
Topic: What to expect from a new producer
Replies: 5
Views: 10241

Re: What to expect from a new producer

Sorry this is a bit later than normal... I've been away from the forum a while. When I started in this business it was with Met Life. They sent me to a two week intensive training program, followed by encouraging me to enroll in formal LUTC (industry) courses. Formal training made all the difference...
by Swymmer
Tue Oct 16, 2018 11:01 am
Forum: Hard-to-Place Accounts
Topic: Hunting guide service
Replies: 2
Views: 3319

Hunting guide service

Hi. I have a new prospect in North Idaho that is a professional outdoor hunting / fishing guide. He works year-around and earns a nice income. Does anyone have markets for this type of risk? CGL & Equipment is needed for this particular one. Thanks.
by Swymmer
Fri Jul 28, 2017 9:49 am
Forum: Opinions
Topic: Selling life insurance with no experience
Replies: 9
Views: 14485

Re: Selling life insurance with no experience

Would be interesting to see where dev1nsan is today... How has the addition of Life products affected your career?
by Swymmer
Tue May 07, 2013 5:14 pm
Forum: Opinions
Topic: Fire fighting crew
Replies: 0
Views: 4326

Fire fighting crew

Hi everybody. I posted this on the Hard-to-find site as well... I have a prospective client that has two fire trucks and contracts to do fire fighting (wildfires). The business and most all the work are in central Washington state. Does anyone know of a company that can do the GL and property for th...
by Swymmer
Tue May 07, 2013 5:04 pm
Forum: Hard-to-Place Accounts
Topic: firefighting crew
Replies: 1
Views: 5019

firefighting crew

I have a new client (prospect) that owns two wildfire fire trucks, each with a trained crew of five firefighters. They contract out for fire supression services, primarily in Eastern and Central Washington State. Does anyone know of a company, perhaps with a niche program that will insure the liabil...
by Swymmer
Mon Nov 12, 2012 10:47 am
Forum: Hard-to-Place Accounts
Topic: Premium Financing for life and D.I.
Replies: 1
Views: 5070

Re: Premium Financing for life and D.I.

I'm getting some looks, but no nibbles! I market in the Northwest.. CA, OR, WA, ID, MT & have some clients in AK that must come to me. Annual Premiums range from a low of $4000 to a high of $16000 with $6000 being the average. Lloyd's of London underwrites it, CRUMP is the SLBroker (Currently), and ...
by Swymmer
Mon Nov 05, 2012 4:00 pm
Forum: Opinions
Topic: Creating a business plan
Replies: 2
Views: 5211

Re: Creating a business plan

A business plan is just a starting point. You mention wanting to have "measured growth". I was at the same point, almost exactly as you, 5 years ago... I suggest you contact Michael Jans at Insurance Profit Systems / Agency Revolution in Bend, Oregon for a candid discussion if their style of coachin...
by Swymmer
Wed Oct 31, 2012 4:50 pm
Forum: Opinions
Topic: Buying IA - Current Multiplier?
Replies: 6
Views: 6862

Re: Buying IA - Current Multiplier?

There are so many variables! Agency Equity is right... hire a skilled professional that knows how to value the independent agency. Whenever I hear of an agency for sale I'll do my own EBITA computation... I basically look at the income, take away the actual hard costs including a salary for the agen...
by Swymmer
Wed Oct 31, 2012 4:21 pm
Forum: Hard-to-Place Accounts
Topic: Premium Financing for life and D.I.
Replies: 1
Views: 5070

Premium Financing for life and D.I.

I am looking for a premium finance company that will finance life and DI premiums. I have designed a niche Surplus Lines DI product that is underwritten by Lloyds. The premiums are fairly high, and the clients would love to be able to make monthly payments.