Personal Lines vs. Commercial Lines? Any ins. agents out within?
my husband is an agent beside a reputable but small company and sell mostly personal lines policies. The commission is not extraordinarily much, we as a rule depend on the cushy net he make. He is a great agent and make tons of sale.
Recently, he be offered a errand beside an independent agency where he will single be selling commercial policies. From what he say, this is where on earth the money really is. Im worried because his foundation gross will be significantly smaller amount than what it is presently but he claims he'll certainly pause up making much more.
Any concept?
Answers:
I've be on both sides of this blockade. Yes, commercial policies be paid you profoundly more money. Because of that, in attendance's a LOT more competition for them, and you tend to enjoy a lower renewal retention rate for your book of business.
Personal lines is "safer". Losing one personal report, ok, very well, near go $100 from your pocket. Losing one commercial tale, can anticipate $25,000. So within's abundantly more at risk.
Having said that, personal insurance is boring and dull. You not often hold a goad next to it. Commercial insurance is more fun. I do prefer working near commercial lines to personal lines.
Which is going to be better for him? Well, can he SELL? If he can't vend, he's going to be up a creek on the commercial lines stuff. Will he own a crackerjack surrounded by organization CSR to vertebrae him up and hand over him support? He'll obligation that, too.
Lastly, will he own his own book? And will he find renewal commissions? Commercial accounts are seriously more work to renew and retain.
Just things to muse roughly speaking.
Yes, it IS a tossup.
Like the previous poster I too own be on both sides of the barricade. I enjoy the safekeeping factor of have closely of personal lines lower than my belt.
But commercial lines get more respect and recurrently more money. Let your husband do what he think best. Where is occupation is concerned, he does know best. Where other things are concerned, normally the female know best. ;P
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Recently, he be offered a errand beside an independent agency where he will single be selling commercial policies. From what he say, this is where on earth the money really is. Im worried because his foundation gross will be significantly smaller amount than what it is presently but he claims he'll certainly pause up making much more.
Any concept?
Answers:
I've be on both sides of this blockade. Yes, commercial policies be paid you profoundly more money. Because of that, in attendance's a LOT more competition for them, and you tend to enjoy a lower renewal retention rate for your book of business.
Personal lines is "safer". Losing one personal report, ok, very well, near go $100 from your pocket. Losing one commercial tale, can anticipate $25,000. So within's abundantly more at risk.
Having said that, personal insurance is boring and dull. You not often hold a goad next to it. Commercial insurance is more fun. I do prefer working near commercial lines to personal lines.
Which is going to be better for him? Well, can he SELL? If he can't vend, he's going to be up a creek on the commercial lines stuff. Will he own a crackerjack surrounded by organization CSR to vertebrae him up and hand over him support? He'll obligation that, too.
Lastly, will he own his own book? And will he find renewal commissions? Commercial accounts are seriously more work to renew and retain.
Just things to muse roughly speaking.
Yes, it IS a tossup.
Like the previous poster I too own be on both sides of the barricade. I enjoy the safekeeping factor of have closely of personal lines lower than my belt.
But commercial lines get more respect and recurrently more money. Let your husband do what he think best. Where is occupation is concerned, he does know best. Where other things are concerned, normally the female know best. ;P
Curious something like discount unadulterated estate agents?
http://www.flatfeerealestateguide.com...