New Independent Agent benefits of having Surplus lines authority
Posted: Thu Oct 26, 2017 1:26 pm
I have started an agency with a partner of mine who has a asset wealth management firm in So Cal with about 8,000 clients (primarily 401k) who wanted to do this because he learned it would be more financially beneficial now that he has his own group having left a major investment broker.
Nevertheless, he has posed several different scenarios pertaining to his clientele and their insurance needs whether it be professional insurance to extraordinary umbrella policies, and extensive home and yacht policies. I am wondering if having a surplus line of authority for our agency under yours truly would make sense? We will also be looking at quite a bit of surety, fidelity, and fiduciary bonds starting out as well.
Any help on this is much appreciated!
Nevertheless, he has posed several different scenarios pertaining to his clientele and their insurance needs whether it be professional insurance to extraordinary umbrella policies, and extensive home and yacht policies. I am wondering if having a surplus line of authority for our agency under yours truly would make sense? We will also be looking at quite a bit of surety, fidelity, and fiduciary bonds starting out as well.
Any help on this is much appreciated!