answersLogoWhite

0


Best Answer

You can do so with very little capital. It depends on if you intend to sell just life products or P&C as well. Everything depends on your state. You must obtain a license ($100-$300) E&O insurance ($1000 +/-) office equipment, letterhead, business cards etc. You can start by working out of your home office or leasing a space. My suggestion is to work as a broker. One strong consideration is you would need 3-6 months of money in the bank to survive on. People do not walk in your door asking to give you their business. You must go out and get it. You can work with a lead organization that will resolve that problem. It is the least expensive and you can simply work out of a home office. 4lifeguild

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much does it cost to open an insurance agency?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much does it cost within the first three months?

i want open motorcycled insurance


What is required for someone to open an insurance agency?

The first thing you need to open an insurance company is a corporate license. The next thing you'll need is insurance products that you will carry. You will also need to put money aside for leases, office supplies, and a receptionist.


Does it cost to download open GI?

the insurance program? yes it costs a lot


How do you become a provider for workmens compensation insurance?

First, you would need to become a licensed insurance agent. Once that has been accomplished, you can either work for an agency that brokers workers compensation insurance or open up your own firm.


How can one contact Green Insurance?

RS Green Insurance Agency is located in Durand, Michigan. The RS Green Insurance office is open five days a week from 8-5 and the telephone number is (989) 288-3169.


How much does it cost to fix a cracked Acer screen?

well at best but i think about 2000 or more it coast me that when i cracked it so break open that pigybank


Do you need a license to open an auto insurance company?

It is unclear whether you are referring to an insurance company (the risk-bearing entity) or an insurance agency (the business that sells the insurance policies to consumers). In either event, licenses are required, but obtaining them involve far different processes.


Where can one find a job for a health insurance broker?

There are several open positions for a health insurance broker in various cities such as: Independent Insurance Agency in Denton, Texas, Health Plan One LLC in Titusville, Florida, and Hostetler Insurance Group in Newton Falls, Ohio.


Who are best small business insurance agency loan provider in US?

Opening an independent insurance agency is a way to build a business with residual income sources, It very lucrative business. It is possible to open an independent agency with one agent or broker serving all clients. Regulations to open independent insurance agency do vary from state to state. For opening insurance agency you need to follow few steps and regulations 1st of all determine what type insurance of your agency will offer. Most of companies specialize in certain type of policies. 2nd Step: contact your state insurance commissioner's office or visit its website to obtain the checklist. You can get a complete list of insurance commissioners, with their contact information, at the National Association of Insurance Commissioners' website 3rd Step: Consider making your business entity a limited liability company (LLC). 4th Step: Obtain errors and omissions (E&O) insurance with a minimum of $500,000 and complete the state forms required to make the LLC an insurance agency. 5th Step: Pay the applicable fees and check with your state business tax boards to get all required business permits and licenses. Since your uncle is veteran so he can contact small business administration (SBA) and veteran affairs (VA) department of US to get credits and starting insurance agency. As far as concerned to "small business insurance agency loan providers" in the US you can consider Super G Funding LLC, It is national provider of business financing solution with loan of up to $5 million. Please visit to get more information on starting insurance agency


What qualification is required for becoming an insurance broker how can i become an insurance broker what is the eligibility criteria for insurance broker?

You have to take 50 hours training and there after that give the exam and obtain the licence from IRDA to open up the agency. For further assistance call:- 9899024384


How much does it cost to open a savings account?

$25.00


How much does it cost to open a bookstore?

alot of money