How To Start An Insurance Brokerage

Category: Insurance

1. How to Start an Insurance Agency | Insureon

7 steps1.A sound insurance agency business plan is a road map for success, and it puts your insurance company on the right track. This document demonstrates your commitment to any potential stakeholders, such as investors, employees, and insurance carriers.2.How you structure your business will determine the amount of personal liability you take on. There are several structures available: Sole proprietorship
Partnership, Limited liability company (LLC), Corporation, or S corporation. Each structure has its own risks and benefits.3.Once you have the serious tasks of developing a business plan and choosing your structure out of the way, you can have a little fun.
If you’re a sole proprietor, by default the legal name of your business is your own name. But you can also choose a “doing business as” (DBA) name. This is a chance to use your creativity and pick a name that:
Is easy to say and spell.
Meets your state’s requirements.
Conveys your agency’s benefits.
Is easily searchable.
But be aware – most states prohibit or restrict the use of certain words to prevent a business’s name from deceiving or misleading the (1)

Here’s some helpful information that is ideal for aspiring entrepreneurs who hope to start a health insurance agency. Read this article before you open up shop.(2)

18 steps1.Identify opportunities. Getting your insurance license takes time, hard work, and money, so you will want to make sure that your efforts will pay off. Make 2.Consider your skill set before pursuing a license as a California insurance broker. Most licensed brokers recommend that aspiring brokers have certain 3.Decide what kind of insurance you want to specialize in. All aspiring brokers must take required coursework and a licensing exam in the area of (3)

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Excerpt Links

(1). How to Start an Insurance Agency | Insureon
(2). Opening a Health Insurance Agency – How to Start a Business …
(3). How to Become an Insurance Broker in California (with Pictures)
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