Search found 215 matches

by wlunday
Mon Sep 25, 2006 11:07 am
Forum: Opinions
Topic: Getting First Preferred Carrier Appointment
Replies: 37
Views: 36312

Insurance Noodle allowed access to Safeco Preferred Auto (only) for a buddy of mine that was expanding from a Life / Health Agency to multi-line. He did not get access to homeowner's or commercial, though. If you want to write small commercial accounts, try Agent Secure. They have a good list of car...
by wlunday
Tue Sep 19, 2006 3:10 pm
Forum: Opinions
Topic: Start-up Financing
Replies: 1
Views: 2915

start-up capital

Depends on you. Experience, location, business plan... then many carriers have special programs available. They can "front" you the money for a promise from you to produce lots of policies for them. Several have approached me offering to even write off the money fronted if production goals...
by wlunday
Wed Aug 23, 2006 11:24 am
Forum: Opinions
Topic: Insurance Noodle
Replies: 32
Views: 30411

new agent training

Carterrud - if your boss is to busy (or doesn't know how) to train you, ask him if you can participate in one of the industry designation programs. Some are really great and provide excellent "on-the-job" training... Like the LUTCF program through The American College. The P/C industry has...
by wlunday
Thu Apr 20, 2006 12:22 pm
Forum: Opinions
Topic: commission amounts
Replies: 7
Views: 11530

I don't know if I'm a "good broker" or not, but I try to make the compensation as good as possible for my producers. I offer my commercial people a decent base, offset by commissions. 50% first year and 30% renewals. These people really only use the "base rate" when figuring thei...
by wlunday
Thu Dec 22, 2005 12:12 pm
Forum: Hard-to-Place Accounts
Topic: E & O for one man agency.
Replies: 6
Views: 6468

E&O for 1 man shop

Maybe it depends on the state, but in WA we can get good coverage thru the Professional Insurance Agents Association (PIA). Safeco underwrites it, and for my 4 person agency it's less than 4K. Includes P/C, Life, Health & Series 6 coverage. Based on # reps and premium. Call your PIA and ask. Uti...