J
Jason Henderson
Guest
Very good point. I worked for a State Farm agent for a while, then went Indy. That's pretty much the way to go, I'd say.
That seems like a good route, how’d you like the State Farm gig??
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Very good point. I worked for a State Farm agent for a while, then went Indy. That's pretty much the way to go, I'd say.
That seems like a good route, how’d you like the State Farm gig??
Im in the same boat, 100% commercial. There is not as much of a rush writing a personal lines policies, but writing $100k+ accounts gets the juices flowing. I also think personal lines and small commercial is going to have a large chunk taken out from online quote and bind systems.It was a scratch office, so I helped build up the office, then helped hire employees. Between that, getting my license and learning the bizz, it was fun and exciting. But then it was just pitching home and auto day in and day out, and it got pretty stale and boring. I went indi, and started transitioning more and more to commercial, and went 100% commercial several years ago. Commercial is much more challenging, more dynamic and interesting. There is much more money and future in it too. More residuals, more referrals, just better all around in my opinion. The catch is, not everyone can sell to a business owner, and it takes much much longer to learn commercial lines. Personally, I find it's easier to deal with business owners and investors than the general public. I'm ultra logical, an investor and business owner myself, and pretty much all I've dealt with my whole professional life has been business owners and investors. I think most people have an easier time dealing with the general public.
I've got to disagree with the financial commitment part for P&C. Yes, if you start off at a captive like State Farm then you will be financially invested and taking on huge loans, which seems crazy to me especially if you don't own the book. Go find an independent office and sell yourself on becoming a producer for them and start training, in the end indy is the way to go and you wont have any huge costs up front. You might not make much your first couple years but you wont be in the hole $50k like some captives.