Search found 30 matches

by miinsguy
Mon Aug 10, 2015 11:16 am
Forum: Opinions
Topic: Can anyone vouche for Noodle, Smart Choice, Agent Secure?
Replies: 11
Views: 50204

Re: Can anyone vouche for Noodle, Smart Choice, Agent Secure

I used Agent Secure when starting up my agency. They had a different split and paid profit sharing that I did receive. The more you write the better care they take of you! Have you looked into E & O it took me 8 months to get my first policy. One other recommendation I have is get a partner. Tha...
by miinsguy
Thu Oct 03, 2013 10:29 am
Forum: Hard-to-Place Accounts
Topic: Peer-2-Peer Musical Instrument Rental Insurance (SV Startup)
Replies: 3
Views: 10462

Re: Peer-2-Peer Musical Instrument Rental Insurance (SV Star

Sorry but your plan will only work if you get an insurance license.

There is not enough commission to earn by a producer for most of us to consider looking to even try and place this type of account.
by miinsguy
Wed Nov 30, 2011 12:25 pm
Forum: Hard-to-Place Accounts
Topic: Workers comp for janitorial services
Replies: 8
Views: 5899

Re: Workers comp for janitorial services

Don't call your states insurance department. They have no idea which carriers have good rates for a certain line of business. You should be consulting your carriers.
by miinsguy
Mon Nov 28, 2011 11:50 am
Forum: Opinions
Topic: QuickBooks
Replies: 8
Views: 14569

Re: QuickBooks

Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency bill. Possibly they have upgraded but using the 2008 and prior years it double booked income.
by miinsguy
Thu Aug 25, 2011 11:16 am
Forum: Hard-to-Place Accounts
Topic: Merchant Services
Replies: 4
Views: 3002

Re: Merchant Services

Most of us only use what carriers provide. Its just too darn expensive at 2.8% to 2.0 of premium.
by miinsguy
Mon Jan 31, 2011 2:43 pm
Forum: Opinions
Topic: Why Would an Agency Retain Trust Account Service?
Replies: 16
Views: 11086

Re: Why Would an Agency Retain Trust Account Service?

Every agency should have a seperate trust account. If you are using your head and set your clients up as direct bill and you wont need to hire an outside source! You will only use it to sweep client payments to carriers.
by miinsguy
Fri Sep 10, 2010 11:47 am
Forum: Opinions
Topic: The Big I
Replies: 1
Views: 1480

Re: The Big I

You can only be a member of the Big I if you are a member of your state agents association. They offer hard to place lines of coverage. I suppose if you chose to work only in those lines and built up a book over 300,000 you might be able to get a direct carrier appointment. Your average carrier will...
by miinsguy
Fri May 21, 2010 11:28 am
Forum: Opinions
Topic: Independent Agent Sub Producer Commission Structure
Replies: 16
Views: 50693

Re: Independent Agent Sub Producer Commission Structure

If this business were soo easy everyone would do it! I have been on my own for 15 years for Life & Health and 6 years ago I started my own P & C Agency. Yes I thought I deserved more than 50%. But I know know that was a reasonable split. There is a lot more to being in the insurance business...
by miinsguy
Tue Apr 27, 2010 11:19 am
Forum: Opinions
Topic: Fidelity Insurance Company Terminating Brokers. Fair?
Replies: 7
Views: 6418

Re: Fidelity Insurance Company Terminating Brokers. Fair?

As agents, we are responsible to attempt to be a profit center for our insurance companies we represent. Fidelity left Michigan 2 years ago with a 400% statewide loss ratio. We had a 0% loss ratio. We all have shock losses. Spread your account risk so if an area has a problem it won't become yours. ...
by miinsguy
Fri Sep 12, 2008 10:48 am
Forum: Opinions
Topic: Mercury broker appointment
Replies: 25
Views: 15068

Re: Mercury broker appointment

Be Glad your not in Michigan.

Mercury is a great company but there rates here aren't very competitive.

Mercury doesn't hurry about appointing agents. Good Luck
by miinsguy
Thu Jan 03, 2008 12:40 pm
Forum: Opinions
Topic: Optional Federal Charter - Yea or Nay?
Replies: 5
Views: 2928

Optional Federal Charter

The NAIC should be the continued mechanism for uniformity in insurance regulation in the United States of America. Federalism will only create more problems than solve.
by miinsguy
Tue May 29, 2007 11:44 am
Forum: Hard-to-Place Accounts
Topic: NEED E&O for agency
Replies: 6
Views: 4141

RE: E & O Needed

Go to this website:

http://www.agency-advantage.com/apply/a ... rom=topnav
Good Luck,
MI INS GUY
by miinsguy
Tue Apr 17, 2007 11:47 am
Forum: Opinions
Topic: 1099 PRODUCERS WORKING FROM HOME OR AT REMOTE LOCATION
Replies: 2
Views: 2731

1099 Producers working away from office

I have had my own agency for 3 years now. however, I worked as a 1099 producer our of my home for 10 years prior to starting my own agency. I was expected to submit a fully completed accord application and supplements as necessary with the correct ISO information to quote the account. I did annual f...
by miinsguy
Tue Jan 30, 2007 12:35 pm
Forum: Opinions
Topic: Forms Boss or Simply-Easier-Acord Forms?
Replies: 5
Views: 4104

Forms Boss

I believe I have used forms boss for about 10 years, since it was a dos based program. I was an off site producer for another agency then. It has come a long way and takes care of most basic management items. (I have the management option). For the price it is a very good investment. I know there ar...
by miinsguy
Thu Jan 11, 2007 11:51 am
Forum: Opinions
Topic: Where Do I Find Protection Class
Replies: 11
Views: 68055

Protection Classes

Contact ISO and Order the paper version of Community Mitigation Classification Manual and what State. The Michigan Guide costs $125 a year.

http://www.iso.com