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Reply to How Do I Start an Independent Agency for Auto in Florida?     
Old 02-17-2009, 07:48 PM   #1
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Join Date: Feb 2009
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State: DG7 is an Insurance Agent from Florida
How Do I Start an Independent Agency for Auto in Florida? How Do I Start an Independent Agency for Auto in Florida?
I have my 2-20 Property & Casualty License and I would like to get some resources about how to start an independent agency. For example, I would like to know where to obtain errors & omissions insurance and liability coverage. Any help would be greatly appreciated..
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  Reply With Quote to How Do I Start an Independent Agency for Auto in Florida?
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Old 01-26-2010, 10:12 PM   #2
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Join Date: Jan 2010
Posts:15
State: sarge67 is an Insurance Agent from Alabama
How Do I Start an Independent Agency for Auto in Florida? Re: How Do I Start an Independent Agency for Auto in Florida?
Try doing a Google search for E&O and start comparing some prices
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  Reply With Quote to How Do I Start an Independent Agency for Auto in Florida?
Old 01-27-2010, 04:28 PM   #3
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Carlos Gil on How Do I Start an Independent Agency for Auto in Florida? - Insurance Forum
 
Join Date: Aug 2009
Posts:113
State: Carlos Gil is an Insurance Agent from California
How Do I Start an Independent Agency for Auto in Florida? Re: How Do I Start an Independent Agency for Auto in Florida?
Contact me, we have just set-up 4 new agencies in Florida in the last month from scratch.

Thanks,

Carlos Gil
Sales & Marketing Manager
Fiesta Insurance Franchise Corp.
16162 Beach Blvd Suite 100
Huntington Beach, Ca 92647
(714) 842-5420 Ext 237
(714) 842-5401 Fax
(714) 916-1758 Cell
E-mail: E-mail: CGil@FiestaInsurance.com

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Fiesta Insurance Franchise Corporation:
Carriers, Training, Support, E&O $199
  Reply With Quote to How Do I Start an Independent Agency for Auto in Florida?
Old 04-03-2010, 12:41 AM   #4
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Join Date: Apr 2010
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State: Expert is an Insurance Agent from Alabama
How Do I Start an Independent Agency for Auto in Florida? Re: How Do I Start an Independent Agency for Auto in Florida?
If you have the personality and the desire to sell auto insurance, it makes sense to open your own auto insurance agency. Starting an auto insurance agency isn't something that happens over night, but with proper planning and focused effort, you can start and run a successful auto insurance agency.
  1. Step 1
    Obtain a license in the state in which you intend to operate. Before you can transact business on behalf of an auto insurance company you must become a licensed insurance agent. Contact your state's Department of Insurance to find the requirements for becoming a licensed insurance agent in your state.
  2. Step 2
    Get hands on experience prior to opening an auto insurance agency. While a licensed insurance agent may be legally able to open an auto insurance agency, there are a few practical reasons why it's best to get hands on experience prior to taking on the responsibility of an agency. Once you have some experience in dealing with customers, selling insurance and handling the unexpected auto insurance claim, you are more prepared to open your own agency.
  3. Step 3
    Purchase the necessary insurance to own an insurance agency. In addition to insuring your office location, equipment and furniture, you must obtain errors and omissions insurance in the event you are sued by one of your clients for an error or omission committed in the process of securing an auto insurance policy.
  4. Step 4
    Solicit insurance companies for which you will have the authority to secure coverage. In order to have a successful auto insurance agency you need several insurance companies for which you will have "the pen." In other words, you'll have the authority to sell auto insurance policies underwritten by the insurance company. The more insurance companies you have the better. If your client's driving record does not fit within one company's underwriting guidelines, you can offer an alternative quote.
  5. Step 5
    Develop a clientèle. The most profitable insurance agencies have a large customer base. Spend time developing a following even before you open your auto insurance agency. You want to have a base of customers so you can hit the ground running as soon as your agency is opened to the public.

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