Leaving Brokerage

[Guest]

I am leaving my brokerage which owns the clients that I produced for them. I am wondering if the clients call me, they all have my personal number, and wants to switch to my new insurance carrier can I do it or is it likely that I will get a law suite from the former brokerage? I never signed a non-compete agreement. Please note that I am not talking about going after my clients to roll my entire book, I am talking about if they call me and I have a product that better suites thier needs.

 

[uoduck]

If you have not signed a non-compete clause or something similar at your current work place I don't see any reason that you would get into trouble. I know a few people at my current job are making a lot of money just switching clients from their last place of work to the current one. Check you contract out again for a clause saying something along the lines of you can't switch a policy you wrote to another company for 18 months, that's what is in my contract. Hope that helps...

 

[Norwayguy]

Most definitely reread your contract and if there is any question or even if you are sure have it reviewed by an attorney. Then if there is no problem I wouldn't wait for clients to call I would be proactive just letting them know you have changed brokerages but are still there to help them , will still review their coverage annually etc... and pick up business as it is appropriate.

 

[Carlos Gil]

Make sure that they contact you, not you contact them as using any of their information may be considered a theft of company secrets, and they can sue you for that.

I would also recommend that you wait for the policy to come up for renewal to make any changes, there is less of a chance of your previous employer finding out.

 

[Guest]

Thank you all. I do not have a contract with the brokerage, but I did sign paperwork when I was appointed to various companies under them. Do these non-competes show up in that paperwork?