Starting out, you don't need a brick and mortar office. Carriers will appoint you, however, several carriers require Lexis Nexis. Lexis Nexis will not grant you access to their services without a private office. They might accept you if you are starting an agency from a single family home, but if you live in an apartment, they will reject your request.
Thank you for that! I’m actually in the middle of getting appointments and opening up my own office now that the insurance market seems to be stabilizing. Really loved that you answered my question thanks man!
Thank you Chris! The consultant calls are worth the investment! I had one with Chris the other day and nothing but great value!! So, if you are on the fence about moving forward, go for it!
I would love to hear more about ghost worker comp. I’m in WI and recently I am having new business requesting work comp because the contract they are trying to get requires.
I was thinking, if you get direct carrier appointments - you get more commission. However, they will put minimum premium and other requirements on you in order to keep the appointment. This can make agents feel pressured in placing business with that carrier instead of possibly what is best for the client. Wouldn't an aggragator be a good way around all of that?
@@stephaniet1162 this is a good and valuable point! Honestly we’ve never had an issue with meeting carrier requirements because if it’s a good appointment you will probably want to be writing it a lot anyway. The bad appointments just fizzle out because they’re typically not the right fit for your agency in the first place. I’d take the direct appointment over aggregator any day
The regulations hes talking about are for lead vendors. They arent allowed to sell leads to multiple people and now agents have to put their agent ID on all advertising.
Got any suggestions for my next video? Drop a comment below!
Starting out, you don't need a brick and mortar office. Carriers will appoint you, however, several carriers require Lexis Nexis. Lexis Nexis will not grant you access to their services without a private office. They might accept you if you are starting an agency from a single family home, but if you live in an apartment, they will reject your request.
Thank you for that! I’m actually in the middle of getting appointments and opening up my own office now that the insurance market seems to be stabilizing. Really loved that you answered my question thanks man!
Heck ya man!! Congrats on launching your own agency
Thank you Chris! The consultant calls are worth the investment! I had one with Chris the other day and nothing but great value!! So, if you are on the fence about moving forward, go for it!
@@jpace3934 thank you Joe! It was great meeting you. Excited to see where your journey takes you 🚀
This Q.A videos are the best.
Love these vids keep the Q&As going
I would love to hear more about ghost worker comp. I’m in WI and recently I am having new business requesting work comp because the contract they are trying to get requires.
@@veronicaguzman709 great question, we’ll definitely answer this on the next one
I was thinking, if you get direct carrier appointments - you get more commission. However, they will put minimum premium and other requirements on you in order to keep the appointment. This can make agents feel pressured in placing business with that carrier instead of possibly what is best for the client. Wouldn't an aggragator be a good way around all of that?
@@stephaniet1162 this is a good and valuable point! Honestly we’ve never had an issue with meeting carrier requirements because if it’s a good appointment you will probably want to be writing it a lot anyway. The bad appointments just fizzle out because they’re typically not the right fit for your agency in the first place. I’d take the direct appointment over aggregator any day
The regulations hes talking about are for lead vendors. They arent allowed to sell leads to multiple people and now agents have to put their agent ID on all advertising.
@@ajackstrades8513 oh wow very interesting. Haven’t heard of this. I’ll do my research and answer this properly
Thank you Chris!