Search found 8 matches

by JimatJKD
Wed Jul 25, 2018 11:20 am
Forum: Opinions
Topic: College senior interested in insurance career
Replies: 5
Views: 17024

Re: College senior interested in insurance career

I agree with mccluney. Starting at an insurance company serving the independent agency market will serve you well. They are hungry for young talented people and will give you the professional training you will need. My father owned a small independent insurance agency and when I graduated from colle...
by JimatJKD
Fri May 26, 2017 11:31 am
Forum: Opinions
Topic: The "1 year rule"
Replies: 2
Views: 5418

Re: The "1 year rule"

I’m in the later end of my career, having worked for an insurance company, then another’s agency, and now my own agency. When I was giving notice to the insurance company regional executive that I was leaving to go to the agency side, I felt guilty about leaving. He told me not to feel that way and ...
by JimatJKD
Tue Sep 13, 2016 10:52 am
Forum: Hard-to-Place Accounts
Topic: $125k Fidelity Bond Needed
Replies: 1
Views: 6276

Re: $125k Fidelity Bond Needed

Try Surety One, Inc. at We have placed fidelity bonds for escrow companies with them.
by JimatJKD
Wed Jul 30, 2014 10:26 am
Forum: Opinions
Topic: Why am I still an Agent?
Replies: 32
Views: 34680

Re: Why am I still an Agent?

There is a very interesting acticle in National Underwriter's PropertyCasualty360 Personal Lines Pro eNewsletter enititled "Are digital insurance sale alienating customers" about carriers chasing either the "price sensitive" shopper or the "peace of mind" customer and h...
by JimatJKD
Fri Apr 25, 2014 10:28 am
Forum: Opinions
Topic: New lead model question - could cost per sale work?
Replies: 28
Views: 86381

Re: New lead model question - could cost per sale work?

Does anyone have an opinion about social media lead sources like Yelp or Yodle? My experience with internet leads is the same as others: not worth the expense. I even know of one company that was actually telemarketing to create leads to pump through their own internet site as though they were web s...
by JimatJKD
Tue Feb 04, 2014 11:30 am
Forum: Opinions
Topic: Agency Management System
Replies: 242
Views: 1303198

Re: Agency Management System

Take a look at Intuit Payment Network. I invoice in AMS360 and then send a payment request with the invoice attached via IPN. They also have the ability to put a "Pay" button on your web site, email, etc. Cost is reasonable. I use it to invoice clients wh...
by JimatJKD
Tue Jul 16, 2013 11:24 am
Forum: Opinions
Topic: The Age Old Question-How much to split
Replies: 10
Views: 23582

Re: The Age Old Question-How much to split

As an owner of an agency that has been through this with young PL agents, I would agree that 70% is too high a percentage. You have invested in this person heavily already and so the agency deserves to make some return. I would suggest that you stair step a reduction in percentage to the agent, like...
by JimatJKD
Thu Dec 13, 2012 12:21 pm
Forum: Opinions
Topic: Deposit into the trust account or operating account?
Replies: 4
Views: 11690

Re: Deposit into the trust account or operating account?

Hi, In most states, it is a voilation of law to co-mingle client funds and agency operating funds. That is why you have a Trust account. Also, you have a fiduciary duty associated with that account to make sure the funds go where they are supposed to (similar to an escrow company). When you accept a...