Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > P&C Insurance Forum

Reply to Indies- Do You Lean Towards- Commerical or Personal Lines?     
Old 10-09-2015, 04:20 PM   #1
Super Genius
 
Join Date: Nov 2014
Posts:62
State: Italianik is an Insurance Agent from
Indies- Do You Lean Towards- Commerical or Personal Lines? Indies- Do You Lean Towards- Commerical or Personal Lines?
It seems like agencies go one way or another at a certain point. Besides INS1822 who is very PL heavy does anyone have any thoughts? Which book of yours is bigger? or did you go 50/50....



------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-09-2015, 04:25 PM   #2
Guru
 
Join Date: Jan 2013
Posts:289
State: hesse is an Insurance Agent from Undisclosed Location
Indies- Do You Lean Towards- Commerical or Personal Lines? Re: Indies- Do You Lean Towards- Commerical or Personal Lines?
60-65% commercial here
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-09-2015, 05:12 PM   #3
Super Genius
 
Join Date: May 2013
Posts:84
State: dean8287 is an Insurance Agent from Undisclosed Location
Indies- Do You Lean Towards- Commerical or Personal Lines?
90% Commercial
10% Personal
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 08:26 AM   #4
Guru
insurance1822 on Indies- Do You Lean Towards- Commerical or Personal Lines?
 
Join Date: Feb 2010
Posts:1,619
State: insurance1822 is an Insurance Agent from Alabama
insurance1822 is a member of 1000 posts VIP club
Indies- Do You Lean Towards- Commerical or Personal Lines? Re: Indies- Do You Lean Towards- Commerical or Personal Lines?
How do you commercial guys compete against the mammoth agencies who's producers have like literally every single company in the world? I keep getting beautiful accounts & it seems like EVERY GOD DAMN TIME I'm getting beat by some stupid @$$ small mutual company out of mars.

------------------------------------
GO INDY OR GO HOME!
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 09:37 AM   #5
Guru
 
Join Date: Dec 2010
Posts:376
State: Indiana_Adam is an Insurance Agent from Indiana
Indies- Do You Lean Towards- Commerical or Personal Lines?
You find the ones who are under insured and not getting max credit. Then you destroy the rate and get them better coverage.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 11:08 AM   #6
Super Genius
 
Join Date: May 2013
Posts:84
State: dean8287 is an Insurance Agent from Undisclosed Location
Indies- Do You Lean Towards- Commerical or Personal Lines?
Originally Posted by insurance1822 View Post
How do you commercial guys compete against the mammoth agencies who's producers have like literally every single company in the world? I keep getting beautiful accounts & it seems like EVERY GOD DAMN TIME I'm getting beat by some stupid @$$ small mutual company out of mars.
Try to really know your competition well in regards to companies the agencies have and those companies specifically. This way you know what you are competing against. It's very important to be able to walk away early if closing looks slim and focus on accounts that have a higher chance of closing. I started commercial from scratch so I learned the hard way. If you have specific questions PM me.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 04:48 PM   #7
Guru
 
Join Date: Aug 2009
Posts:297
State: Heather is an Insurance Agent from New York
Indies- Do You Lean Towards- Commerical or Personal Lines? Re: Indies- Do You Lean Towards- Commerical or Personal Lines?
I keep getting referrals for things like, abortion clinic, asbestos, shooting ranges, airport shuttle, taxi and limo. I can't even find anyone to write this stuff. If I do they only want to work with me if I can give them a large commitment.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 07:26 PM   #8
Guru
 
Join Date: Dec 2010
Posts:376
State: Indiana_Adam is an Insurance Agent from Indiana
Indies- Do You Lean Towards- Commerical or Personal Lines?
Heather, do you have access to a large broker? They should have carriers for those risks. Progressive writes taxis and limos. The nice thing about those hard risks is that you shouldn't have many agents going after that business after you place it. While working efficient and picking the low hanging fruit is nice, every agent wants to do that and is figjring for that business. Write hard stuff and keep learning, and push for referrals/warm introductions from those current clients.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-10-2015, 07:33 PM   #9
Super Genius
 
Join Date: May 2013
Posts:84
State: dean8287 is an Insurance Agent from Undisclosed Location
Indies- Do You Lean Towards- Commerical or Personal Lines?
Originally Posted by Indiana_Adam View Post
Heather, do you have access to a large broker? They should have carriers for those risks. Progressive writes taxis and limos. The nice thing about those hard risks is that you shouldn't have many agents going after that business after you place it. While working efficient and picking the low hanging fruit is nice, every agent wants to do that and is figjring for that business. Write hard stuff and keep learning, and push for referrals/warm introductions from those current clients.
Yes, this is a very good point. The one thing you want to be careful about when using a wholesaler for E & S is know the insured very well. If it is for a policy that is audited you may be stuck with a big bill at the end that you have to collect from the insured. So you want to make sure they can pay.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Old 10-11-2015, 01:53 PM   #10
Guru
 
Join Date: Dec 2010
Posts:376
State: Indiana_Adam is an Insurance Agent from Indiana
Indies- Do You Lean Towards- Commerical or Personal Lines?
If the broker account doesn't direct bill and they can't pay in full. Make them use a premium finance company.
------------------------------------
  Reply With Quote to Indies- Do You Lean Towards- Commerical or Personal Lines?
Reply to Indies- Do You Lean Towards- Commerical or Personal Lines? 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > P&C Insurance Forum


Tags
personal lines




Similar Threads with Indies- Do You Lean Towards- Commerical or Personal Lines?
Thread Thread Starter Forum Replies Last Post
Clusters or MGA's in FL and TX for Personal Lines whatsa P&C Insurance Forum 3 05-17-2013 02:29 PM
What is a Reasonable Personal Lines Production Quota Bertolinoins P&C Insurance Forum 16 02-23-2013 10:02 PM
Marketing Personal lines 1manshow P&C Insurance Forum 24 05-20-2008 08:47 PM
What is general or personal lines ?p rdavis85 Getting Started Selling Insurance 0 12-20-2007 06:43 PM
Personal Lines MGA SME General Insurance Agent Discussions 0 04-25-2007 01:15 PM



All times are GMT -5. The time now is 06:41 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed