Starting your own insurance agency is both gratifying and exciting. Insurance agents enjoy a career with flexibility and great rewards. However, opening your own agency is not without challenges. Being an independent insurance agent has the advantage of accessing multiple carriers to offer a multitude of options to your clients.
There are many paths to becoming an insurance agent and starting your own agency. Selecting the type of agency you would like to open is the first step. The organization Insurance Agents and Brokers (IA&B) lists some of the methods by which insurance agents secure business, including the independent agency system and the controlled agency system.
Independent agencies maintain contracts and agency agreements with multiple companies and are paid based on commission. Agents select which companies meet the needs of his or her clients which is a huge advantage over agents who are tied to the products of one specific company.
At DC Insurers, we can help you with the training and resources to become a successful independent insurance agent.
Several steps must be taken before you can begin offering insurance products to customers. DC Insurers can provide you with the training and knowledge necessary to take those steps. Independent insurance agents who open their own agencies are required to obtain the appropriate individual and agency licenses for the state or states in which they operate.
Additional steps to the process include formulating a business plan and a marketing plan, obtaining the appropriate technology and training, and securing appointments with various insurance companies. The professional team at DC Insurers is with you through each step to ensure your independent agency is successful.
Once you’ve decided to start an insurance agency, contact DC Insurers to learn more about the valuable support we can offer to make sure your independent agency is successful and supported.
We offer training and support that includes: