You should be shocked if I tell how much monthly salary earned by the independent insurance agents and brokers. Billions of dollars are available in the insurance industry. We know that many independent insurance agents are not really applying what would make them grow, but many agents adopt wrong methods that will only make them peanuts as commissions and bonuses. Here are given four remarkable ways to start as an independent insurance agent faster than your competitors.
Find more jobs
The insurance industry is a fast-growing industry. As per government policies, the fear of more calamity and uncertainty rises the need for insurance coverage becomes more glaring. And if the economy improves, insurance companies also grow.
The good news is that these companies are known for the culture of hiring the services of independent insurance brokers. But, except you are spectacular, these job opportunities won’t knock at your doorpost, so you have to go out to look for them. This could happen if you are serious to grow as an independent insurance agency.
Get more clients to renew their insurance
Independent insurance agents who are working in New York and Washington D.C. are generally earning more commission on renewals than their colleagues in other parts of the United States. The main reason is that their standard of living is high and more people renew their insurance. An independent insurance broker earns higher commission and bonuses if he renews more and more policies for companies. You should adopt every tactic that you think is legal if you want to grow your insurance industry.
Obtain more qualification
A high school diploma is required to apply independent insurance agent but if you want to start your own agency then you must upgrade your qualification. In the U.S., an independent insurance agent can be allowed to start with a high school diploma but they must pass a state exam done through the American Institute for Chartered Property and Casualty Underwriters to qualify them.
Various types of insurance certifications are available. So first check the minimum education and work experience required before you proceed. But if you are applying for general insurance certification, the National Alliance for Insurance Education and Research will teach you about how to issue commercial casualty, commercial property, personal residential and personal auto insurance.
Start with social media to grow your insurance agency
Social media plays an important role in every industry but when handled by an expert. It helps businesses to grow fast. An insurance agent who already knows that his income is dependent on the amount of commission and bonuses he able to get, you ought to get your message out to prospects on social media. If you write a free report, checklist, toolkit and also offer it for free it helps you to get qualified leads. It becomes easy to sell on social media if people are trying to sell your insurance package to already know, like and trust you.