If you are looking for a career in the insurance industry then independent insurance agent is a wise option. An independent insurance agent is not bounded to certain insurance carriers, which means that you are free without any restriction to find the perfect match for your clients. To become an independent insurance agent, have to first own an insurance agency. For this, you can try:

Buying a business book

You can buy one from an already existing insurance agency. You will have all the management if you buy them. But, be careful as this is a costly method.

Or,

You can become an independent insurance agent through agency models

Franchise model

In this model, you can grow your business book as much as you want and it gives you all the operational assistance. However, there are few drawbacks. The franchise fee is expensive and it is a non-compete clause. As a non-compete clause, 2 year of this might bring your business to an end.

Insurance FMO model

It is gaining a lot of popularity because it gives the same benefit as the Franchise model. One of the major advantages is that the franchisers of Insurance FMO model gives insurance agents more freedom. Also, there is a commission split, which is generally 70/30. An agency named Covered by Sage has 80/20 split for the first year and 50/50 on renewals.



Find out what works best for your insurance agency. And if you want to learn more, please visit our website: [ Ссылка ]

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