I have ten years of experience in insurance as an underwriter for both personal and commercial lines. I am planning on starting my own agency and would like to purchase a P&C book of business to start servicing and generating revenue rather quickly.
Of course I know it's not as easy as that. I assume that I would have to be appointed with all the carriers that the previous agent had written insurance with.
With only a business plan and no valid sales experience to speak of, I don't think I'm going to get too far.
Am I correct? If so, how would someone in my position go about purchasing a book of business? Would a good idea be to purchase it together with an agent who does have the experience to get the appointments?
Of course I know it's not as easy as that. I assume that I would have to be appointed with all the carriers that the previous agent had written insurance with.
With only a business plan and no valid sales experience to speak of, I don't think I'm going to get too far.
Am I correct? If so, how would someone in my position go about purchasing a book of business? Would a good idea be to purchase it together with an agent who does have the experience to get the appointments?