Agency Management

How to start an independent property/casualty agency

Author: IIAT Staff
(July 2005)

How to start an independent property/casualty insurance agency

Starting and running an independent property/casualty insurance agency is not for everyone, but if you've gotten this far, there are six general aspects you'll want to consider.

1. Develop a business plan and form an agency

Nearly every successful agency started with a clear vision and sound business plan. Besides knowing what you want and how you intend to accomplish it, a business plan is essential for solid company relationships especially for a new agency with no track record. Learn more…

2. Get a license to sell insurance

A number of minimum prerequisites must be met prior to acquiring a license including qualifying exams, meeting legal requirements and structuring the business amoung others. Learn more…

3. Find an insurance company

You'll need to have a company appointment. Help is available at iiat.org and from the Texas Department of Insurance. Learn more…

4. Determine your product lines

Deciding the product lines you'll want to handle will depend in part on your expertise, company appointment and marketplace. Learn more…

5. Locate training resources

Agency success is dependent on many variables, not the least of which is how well you and your staff are trained. Learn more…

6. Join the Independent Insurance Agents of Texas

Discover the wide-ranging host of products, services, and business and technical support offered by IIAT. Learn more…

For more information call Member Services at 800/880-7428.