Home > Forums > Managing Your Business

new in business

  • Posts: 5
    Posted on 11/13/2007
    rivky
    I'm newly licensed for P&C - i do ny & nj
    Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex?

    Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
  • Posts: 44
    Comments: 1
    Posted on 11/14/2007
    bkah4brown
    get E & O before anyone will even want to work with you. Try to get standard markets that use direct bill. Most surplus markets will have a 10 day grace period to get the deposit into them. Use finance companies.


    bkah4brown
  • Posts: 19
    Posted on 11/15/2007
    GCIS
    Excess and Surplus is much easier to find, write, and bind. USUALLY it is fully earned once bound, so financing can be tricky, but there is usually 30 days to pay on agency account current. I hear getting an E&S license is a snap for NY resident agents. Things to consider.....Good Luck
  • Posts: 50
    Posted on 11/15/2007
    mpaone
    [QUOTE=rivky]I'm newly licensed for P&C - i do ny & nj
    Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex?

    Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.[/QUOTE]

    We are National Risk Services. We are located in Glen Rock NJ and we specialize in a fine niche market within workers compensation. We know all sorts of contacts within the US. Some right here in NJ.

    Give me a call and I will fill you in with our programs as well as people for you to do business with.

    Michael Paone, Vice-President of Sales/Marketing
    NRS CompAudit Services
    266 Harristown Road Suite 106
    Glen Rock, NJ 07452
    800-285-1948 ext. 3008
    Fax 201-689-4044
    mpaone@compauditusa.com
    website-www.nationalrisk.com
  • Posts: 47
    Posted on 11/16/2007
    WILLIAMSEIDE
    give me a call maybe i can help you
    973-616-5300 bill
  • Posts: 25
    Posted on 11/19/2007
    biscuit2
    [QUOTE=rivky]I'm newly licensed for P&C - i do ny & nj
    Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex?

    Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.[/QUOTE]
    Never pay the money for the client for any insurance. Client pays up front all premium or you do a finance agreement through a reputable market(check insurors) or the excess markets may have a premium finance agreement to provide for payment. Good luck
  • Posts: 25
    Posted on 11/19/2007
    biscuit2
    [QUOTE=rivky]I'm newly licensed for P&C - i do ny & nj
    Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex?

    Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.[/QUOTE]
    Some MGA's will allow payment to them-what excess markets or standard markets are you using now?
  • Posts: 2
    Posted on 11/21/2007
    WKwasnik
    [QUOTE=rivky]I'm newly licensed for P&C - i do ny & nj
    Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex?

    Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.[/QUOTE]

    Ifyou needhelp, call our agency at 856-489-3444 and speak to Bill.
  • Posts: 2
    Posted on 11/29/2007
    Nick
    check out siaa.net if you're thinking of starting you own agency
    great for startups
  • Posts: 4
    Posted on 11/29/2007
    isab44
    Hi Rivky, I am Wholesale insurance agent.
    Please call me @ 954-577-0624 Gabriela.
    Thanks!
  • Posts: 4
    Posted on 11/29/2007
    isab44
    Hello My name is Gaby I am a new P&C wholesale Insurance Broker in the state of Florida but have an office in NY also. Looking for some bop markets with or X-wind down in Dade, Broward, etc?
    Any ideas who can I contact?
    Thank you very much!

    Gaby
  • Posts: 1
    Posted on 12/10/2007
    DebinPA
    Hello, we are licensed in PA and NJ. We write with very aggressive admitted and nonadmitted markets most commercial classes, and we are especially strong with habitational and real estate related accounts

    I think as a general rule, wholesalers are not willing to accept the payment directly from the insured. It can get too messy if there are NSF problems, trying to track down the insured, etc.

    Good luck to you and please call upon us if you need help placing commercial property and casualty in NJ.

    Thanks,
    Deb McCafferty
    Harmony Special Risk Services
    1 877 726 9525
    www.harmonyspecialrisk.com
  • Posts: 47
    Posted on 12/11/2007
    WILLIAMSEIDE
    call me 800 621-0052 ex 25 ask for william
  • Posts: 1
    Posted on 06/05/2009
    murtaza
  • Posted on 06/05/2009
    peoatomega
    We have a A rated admitted carrier that will write BOP in FL with wind. Call Keith: 800-436-6852.
<< previous next >>
Reply