Is EZLynx affordable for new start up brokerage?

[insuranceforever1]

Hello everyone,

As a new insurance agency owner in New York, I am seeking advice on an affordable and powerful agency management system. As a one-person agency, I am mindful of my budget and would like to find a system that can help me manage my business efficiently without breaking the bank. I am also wondering if it is necessary to have an agency management system from the start or if I can manage without one.

If anyone has any recommendations or advice, I would greatly appreciate it. Thank you in advance for your help.

 

[marindependent]

What type of insurance will you be writing and How much?
Who are your main insurers?

Sure you can start an agency without an AMS system in the begining. But - it might not be worth it - once you really start taking in clients. If you don't have an AMS system how will you keep track of your clients?

 

[thomasm]

I still use my trusty old RadiusBob CRM for my P&C book. Until you get a million in premium on the books, you can't afford much of anything in the way of SaaS. Good thing Excel is still free!

 

[marindependent]

Two more questions for you:
Will you be getting downloads?
Will you use / need a rater?

 

[insuranceforever1]

What type of insurance will you be writing and How much?
Who are your main insurers?

Sure you can start an agency without an AMS system in the begining. But - it might not be worth it - once you really start taking in clients. If you don't have an AMS system how will you keep track of your clients?

I think i will be mainly writing personal line like auto, home, umbrella,renter etc. And some commercial truck and fire policy. The main isurers are from SIAA/HVAA https://hvaallc.com/#partners

I think starting I would just use excel sheet and when customer number reach 100 I will start paying for Ezlynx(is this not a good idea？）

Will you be getting downloads? I think download is needed.
Will you use / need a rater? yes

 

[insuranceforever1]

I still use my trusty old RadiusBob CRM for my P&C book. Until you get a million in premium on the books, you can't afford much of anything in the way of SaaS. Good thing Excel is still free!

i was think using excel when i first start, do you have any excel template for insurance i could use?

 

[whatyouwantfinally]

I think i will be mainly writing personal line like auto, home, umbrella,renter etc. And some commercial truck and fire policy. The main isurers are from SIAA/HVAA https://hvaallc.com/#partners

I think starting I would just use excel sheet and when customer number reach 100 I will start paying for Ezlynx(is this not a good idea？）

Will you be getting downloads? I think download is needed.
Will you use / need a rater? yes

Do NOT do this. I know what you're thinking and I know how it's playing out in your mind. Stop. Don't.

The absolute worst thing you can do at the start is develop bad habits. Not using a management system is a really bad habit in P&C nowadays. The customers will build up and the dread of having to integrate everything you have into a management system will cause you to keep putting it off. This will lead to you to spend more time than necessary on service, which is death for a 1-man show. It's also a bad experience for clients who call in; people can't stand waiting while you're trying dig through your spreadsheets.

I get wanting to keep costs low, but you can't skimp on fundamentals. P&C is a hard market right now. You need to be completely organized and working as hard and efficiently as possible or your chances of doing well are really slim.

 

[KARLA LOPEZ]

Hi @insuranceforever1
I see that you asked if EZlynx was a good choice? I am also in the process of acquiring a good rater/ams system, well so far ive only seen turborater with matrix and you can get both for about $275, not sure what EZlynx is pricing, Ill look into it, I decided to maybe get about 10 clients before going with the AMS, which should be ok I can handled that. But it is really up to you how many you think you can really handle. How much is Ezlynx, if you dont mind me asking?

 

[ModernInsurance]

Happy to consult on this if anyone is interested. I like a nice, lean operation and am aware of some good and inexpensive options.

My rate is $150/hour

 

[insuranceforever1]

Hi @insuranceforever1
I see that you asked if EZlynx was a good choice? I am also in the process of acquiring a good rater/ams system, well so far ive only seen turborater with matrix and you can get both for about $275, not sure what EZlynx is pricing, Ill look into it, I decided to maybe get about 10 clients before going with the AMS, which should be ok I can handled that. But it is really up to you how many you think you can really handle. How much is Ezlynx, if you dont mind me asking?

i called ezlynx they told me it is around $350 per month for 1 user. And if i joined a cluster or alliance just let them know some of these clusters will get you some discounts.