How to Start Your Own Insurance Agency With No Capital & Not Captive?

Let's begin with the obvious! The process of launching your own business in anything brick and mortar takes time, money, and a lot of sweat equity. I've met many agents who desire to start their own but they're captive to a specific IMO or caught up in the outdated financial models that benefit the company. Then on the other hand, I've met people who WANT to be an agent but either don't know where to start or feel the process is too hard/complicated. Well you don't have to figure it all out on your own!

The basic steps are: You have to study, take practice tests, and, yes, pay money for the course and the test in your state. But look at the bright side, there are many companies that sponsor insurance exams and fees state to state through scholarships. With the EIA Access Platform's simplified commission structure, you can cover that investment with only selling a few simple policies.

What does that mean for you?

Getting a Property & Casualty license opens up limitless potential to build a thriving insurance agency with all 42 carriers and without any of the usual lump sum debt to start. Regardless of your line of insurance, you can join EIA and tap into leveraging the startup phase of your agency. To join EIA as a licensed personal lines producer, providing auto, home, condo, and similar coverages, you only need the Personal Lines license.  In some states there are personal lines designations and commercial lines designations. EIA happens to have the ability to work with both.

In the industry we use terms such as "Personal Lines Producer" but "Producer", "Agent", "Broker", or a combination of those words all refer to "Personal Lines" such as "Personal Lines Broker-Agent". These terms are for anyone who wants to sell home, auto, renters, etc.

There are countless ways to gain knowledge for the exam on the internet around the licensing process. We recommend one of the sources below in order to start your journey in the insurance industry.

http://www.adbanker.com/staterequirements and select the state you are a resident of to see the process for becoming a licensed insurance producer for that state.

We recommend https://www.insurance-schools.com/ for your training and certificate requirements.

Once you have passed the certificate course (depending on your state) you can then apply for the state licensing exam. Once complete, most states require background checks, fingerprinting or other methods of identification.

** HERE IS THE BEST TIP FOR NEWER INSURANCE AGENTS ** 

If you are interested in the insurance industry and have a strong background in sales, you can join our platform and sell non-insurance products and services while you work towards your license! Now if that's not the ultimate plug in then I'm walking on water. Now is the time to build your community, to leverage a team and maximize your license to the fullest. If you're ready to earn while you learn, gain ongoing education, build solid relationships with other business professionals and receive training along the way then say YES today to a new way of doing insurance!

Visit stokescoachingandconsulting.4eia.com then schedule a virtual chat at calendly.com/stokescoachingandconsulting