How Do I Start My Own Insurance Broker Business?

Do i need to do some sort of course?how do i become a insurance broker?

4 Comments: Trackback URL | Comments RSS

  1. Faye H Says:

    Go to the department of insurance website for your state and find out what the rules are.
    Generally speaking, you will need to have some number of years experience in the insurance industry (it may vary by state) before you can even take the brokers test. You will need to take the state license test before you are a broker. As far as I know, all states also require you to take some number of hours of approved education courses. Again, it will vary by state.
    Insurance is regulated by state and they don’t just let you hang a sign out and start selling insurance if you don’t know what you’re doing. It requires learning the business first.

  2. fcas80 Says:

    I suggest you start by getting a job in an established broker office and learn all facets of the business. After you have done so, I think the answer to your question will be clearer.

  3. Broker Man Says:

    If you are based in the UK – forget it. You will need a minimum of 5 years experience before an Insurer will consider granting you an agency. That’s before you have registered with the Financial Services Authority.
    You could try a franchise operation. Check the link out below.

  4. mbrcatz Says:

    You get licensed, through your state, then you find companies willing to let you sell their insurance.

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