Starting an Independent Insurance Agency

Jimmy Cooper, Marketing Coordinator


Introduction

If you are in the insurance industry, having your own agency has probably crossed your mind. Starting your own independent insurance agency can be an exciting and fulfilling venture, but it’s challenging, mainly because you are doing everything on your own for the first time. It can be difficult to gauge what to expect, and because of this, it can make it impossible to prepare for the unknown. Some of the common challenges with starting a new business include but are not limited to the following:

  • Establishing your brand and building your client base.
  • Navigating licensing and regulatory requirements.
  • Hiring suitable employees
  • Managing cash flow and expenses.
  • Building a reliable support network.
  • Obtaining quality company appointments

 Starting an Agency with MEAA

When starting an agency with MEAA, your business has a considerable advantage. Not only have we helped thousands of insurance professionals just like you achieve their dream of owning and running their own agencies. We understand that starting a new business can be overwhelming, which is why our Foundation Program provides you with unprecedented access to coaches and mentors who will walk you through everything you need to do to ensure the success of your new business. Our exclusive Foundation Program provides a turnkey approach to getting your agency off the ground and set up for success. Join our over $12 Billion alliance and gain access to unparalleled support, technology, partners, and revenue, all while retaining 100% ownership of your agency.

Retain 100% Ownership of Your Agency

The biggest misconception about agency partnership groups is that they take over ownership of your agency, and some do. However, when you start your own independent insurance agency with MEAA, you maintain 100% business ownership. Unlike other models that require you to give up ownership or work as a captive agent, we believe in empowering our members to build their own brand and business. As a result, you have complete control over your agency’s direction, growth, and profitability, allowing you to create a legacy for yourself and your family.

Agency Coaching and Mentoring

Starting a new business can be daunting, especially if you’re new to the insurance industry or entrepreneurship. That’s why we provide comprehensive coaching and mentoring through our Agency Foundation Program. Our experienced field coaches are dedicated to helping you succeed and will guide you step-by-step through the process of setting up your agency, acquiring clients, and growing your business. In addition, you’ll have access to our team of mentors with years of experience in the insurance industry who are committed to your success.

Direct Appointments You Keep if You Leave

Fostering long-term relationships with our members is vital to us. That’s why if you ever consider leaving our alliance, you can take your direct appointments. We understand that your agency is your business, and you should have the flexibility to make choices that align with your goals. We provide you with the support and resources you need to succeed, whether you choose to stay with us for the long-term benefit or pursue other opportunities in the future.

Top-Level Commission Paid Directly to You from Day 1

We know that income is a crucial factor when starting a new business. That’s why we offer top-level commissions paid directly to you from day one. You don’t have to wait for your business to gain traction to start earning a competitive income. With MEAA, you have the potential to earn a substantial income from your very first policy, providing you with the financial stability you need to build your agency with confidence.

Quarterly Bonuses and Profit-Sharing

In addition to top-level commissions, we offer quarterly bonuses and profit-sharing opportunities. As part of our agency, you will also receive quarterly bonuses based on the amount of premium you write, starting from just $1 of premium. We believe in rewarding our members for their hard work and dedication to building their businesses. With MEAA, you can earn additional income through bonuses and profit-sharing from every policy you write, giving you even more incentive to grow your agency and achieve your financial goals.

Marketing Assistance

Marketing is a critical component of any successful insurance agency. We provide marketing consultation to help you promote your agency and attract clients. Our marketing experts will work with you to create customized marketing plans, including digital marketing strategies, social media campaigns, and branding initiatives. In addition, we provide you with the tools and resources to market your agency and effectively differentiate yourself from the competition.

1 Year of Management System, Rater, E&O, Cyber Liability, and Website Included

Technology is essential to operate a successful insurance agency in today’s digital age. That’s why we provide a one-year subscription to a management system, comparative rater, and a one-year website from our digital partner for your agency to streamline your operations and improve your efficiency. Our technology solutions are designed to help you manage your agency, track policies, generate quotes, and provide excellent customer service. We believe in leveraging technology to help you succeed in today’s competitive insurance market. We also include the vital Errors and Omissions and Cyber Liability/Data Breach insurance coverage you are required to carry.

Conclusion

So, if you’re ready to take the leap and start your own independent insurance agency, we are here to help. Our Agency Foundation Program, coaching and mentoring, top-level commissions, bonuses, profit-sharing, marketing assistance, and technology support are designed to give you the best possible start on your entrepreneurial journey. With Mountain Empire Agency Alliance, you still keep 100% ownership of your agency and have the opportunity to build a successful business on your own terms. All you need to bring is effort, and we will be there to support you every step of the way.

Contact us today to learn more about how you can join our agency and start your own independent insurance agency with confidence and support. We look forward to helping you achieve your entrepreneurial dreams and build the independent agency of your dreams. With Mountain Empire Agency Alliance, independent doesn’t have to mean alone.