i want to start my own insurance company but dont want to wa

by howard1985 » Sat Mar 05, 2011 09:38 pm

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Total Comments: 4

Posted: Tue Mar 08, 2011 12:52 am Post Subject:

Are you talking about opening an insurance AGENCY or an insurance COMPANY. Just a minor (read...HUGE) difference between the two. If you wanted to start up an insurance company, I hope you have a couple of hundred million in the bank.

I think you may have been referring to an insurance agency, hmmm?

InsTeacher 8)

Posted: Tue Mar 08, 2011 03:30 am Post Subject:

yes i want to start my own company, i know it takes alot of money but i want to now if i have to wait five years to open up one under my name if so can i go in with someone who has been in the insurance business already for more than five years

Posted: Tue Mar 08, 2011 05:30 am Post Subject:

Howard, again- I don't think you're talking about an insurance COMPANY. I think you're referring to an insurance AGENCY. Let's make sure we're on the same page and I don't want to appear patronizing.

Examples of insurance companies would be Allstate, State Farm, New York Life, Safeco, etc. Frankly, the ability to start an insurance company is beyond all but a select number of people on this planet. I literally mean hundred$ of million$ of dollar$ to fire up an insurer.

If, on the other hand, you want to start up an insurance agency, well, that happens all the time. If your just looking to sell insurance product, you can do that one. Plain, common folk like you and me do it every day. There's plenty of information out there in internet land that can get you started.

I guess the first question would be... do you have an insurance license? If so, in what state? That would allow me to point out the requirements in your state to get you started.

InsTeacher 8)

Posted: Tue Mar 08, 2011 09:51 pm Post Subject:

yes like all state and other's was well but if not i would take a start agency ass well but i just want to make good money in whatever i do but im in florida and yes i have license

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