I'm looking to open an independent agency (not the greatest idea in a soft market) on Long Island and wanted to know if anyone familiar with New York can give me some information in regards to getting contracts with most of the popular and profitable carriers in the state.
Here's some background on myself...
Born and raised on Long Island, I worked as a Licensed Sales Associate for a State Farm agency on Long Island for 2 years before moving back to Arizona (Arizona State alumni). I then opened my own Allstate agency for 4 years. Sold that when they started shifting their focus on financial services (didn't get into this business to be a financial advisor). Took a management position with Allstate and have had that for the last two years. Now I'm looking to move back to Long Island (to be closer to family) and open an independent agency. Also, I hold my P&C, Life and Health and my 6 & 63.
Right now carriers out here in Arizona are basically handing out contracts to independent agents if you have a pulse. It's extremely easy. However, I know New York is a whole different animal, particularly the coast (Long Island) because of the threat of "The Big One". Companies like Allstate are pulling their Homeowner market off the table.
So, is it nearly impossible to bring on carriers as a new independent agency, even with my background or do you think because of my background, I may find it easier than someone coming in without any agency ownership experience?
I could open an agency in Arizona tomorrow if I wanted to, but like I said, my wife and I want to bring our family back to NY to be with family.
I have all of my ducks in a row and the last, but most important piece left, is getting those carriers.
Thanks in advance.
Here's some background on myself...
Born and raised on Long Island, I worked as a Licensed Sales Associate for a State Farm agency on Long Island for 2 years before moving back to Arizona (Arizona State alumni). I then opened my own Allstate agency for 4 years. Sold that when they started shifting their focus on financial services (didn't get into this business to be a financial advisor). Took a management position with Allstate and have had that for the last two years. Now I'm looking to move back to Long Island (to be closer to family) and open an independent agency. Also, I hold my P&C, Life and Health and my 6 & 63.
Right now carriers out here in Arizona are basically handing out contracts to independent agents if you have a pulse. It's extremely easy. However, I know New York is a whole different animal, particularly the coast (Long Island) because of the threat of "The Big One". Companies like Allstate are pulling their Homeowner market off the table.
So, is it nearly impossible to bring on carriers as a new independent agency, even with my background or do you think because of my background, I may find it easier than someone coming in without any agency ownership experience?
I could open an agency in Arizona tomorrow if I wanted to, but like I said, my wife and I want to bring our family back to NY to be with family.
I have all of my ducks in a row and the last, but most important piece left, is getting those carriers.
Thanks in advance.
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