Tuesday, July 15, 2014

Captive or Independent

If you’re just starting out in the insurance industry, you might be a little confused by all the new terminology being thrown your way. The truth is that, as an insurance provider, you have a lot of options in terms of how you do business, and thus, a lot of choices you need to make.  


One of the most important of those choices is whether you intend to be a captive insurance agent or an independent insurance adjuster or agent. A “captive” agency is an insurance agency that represents only the insurance products of one particular company or one particular line of products, while independent insurance agencies can represent insurance products from a wide range of different providers.

There is really no right or wrong choice. You can do whatever feel likes the right thing for you and your goals. Also consider that captive agencies tend to provide more benefits to their employees while independent insurance agencies are all about giving their workers freedom and providing payment when the agents do good things with that freedom.


Research these options further to come to the best decision for yourself. The sooner you make your choice, the sooner you can get in the insurance game and start making some money!

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