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So, give us a synopsis of your book of business. When did you start, and how much do you have enforce? Only one CSR on staff, correct? Seems like you flew in, wrote a bunch, got your book to the size that will allow you to live life how you like, and then are moving to bigger and better things?
Just using this as a passive income stream now?
Looking to sell it?
Hell, I'd just go sit in the corner office with a nice bottle of scotch and meet with my favorite clients all day
So I have an interest in a captive agency that my business partner operates. We have been of the mentality where we don't need any producers to grow - we'll write like machines ourselves & then staff the place when direly needed.
Between both operations we're now about about 6.5MM with 1 full time CSR (soon to become 2.) My position was blitzkrieg for 3 years to get to my income requirement opposed to working 9-5 for 12 years to get there. Definitely not selling. Shawnwalker called it early on that I'd get burnt out (and I knew I would..) but I believe it was worth it.
Started IA 4 years ago (literally to the day.) Grew that to about 4MM in premium in that time. Our average policy is $750 so I was doing about 130 policies per month on my own.
I don't have any favorite clients, I have thousands of smaller average sized personal lines packages. I recently got a new cell phone number too because I was getting about 25 calls per day. Now my old cell FWD's to my office line & my new cell is only for friends family.
I knew a few years ago that IA was the way to go. I also sense that continuing to grow the personal lines insurance operation is a decreasing value proposition. My gut has never taken me down the wrong path yet. In a few years I believe I'll look back & say thank god I started diversifying. What is nice is that I have stable consistent income w/ enough money to cover all debts, save more then enough to retire & have plenty of play money left over. For that I am thankful to insurance