How do agency contracts affect carrier access?
Captive arrangements commonly center on a particular insurer or affiliated group, while independent arrangements may permit multiple insurers. Actual exclusivity and outside-business rules depend on the signed agreement. Read those provisions rather than inferring them from the agency's name.
What should you know about Independence comes with coordination?
Comparing multiple carriers means learning different underwriting processes, applications and service systems. It can give you options for different client needs, but it also creates administrative and compliance work. Access does not mean every agent is appointed with every carrier.
What should you know about Compare support without assumptions?
Ask each organization what training, supervision, technology and lead programs it actually provides. Obtain the costs and obligations in writing. Do not assume either model guarantees prospects, income, ownership or a particular level of support.
What should you know about Review the full arrangement?
Compare renewal rights, expenses, termination terms and the ability to serve clients after departure. Family Bridge Financial discusses independent-contractor opportunities; those are not employee positions with a guaranteed wage or benefits.
- Permitted carriers and outside activity
- Expenses and required systems
- Client records and servicing rights
- Exit terms and unpaid obligations