Last week, we laid out the fundamentals of starting your own, independent insurance agency. As you likely know, the prospect of starting your own agency can feel intimidating. The list of things to do can seem overwhelming. That said, though it may be hard work, the fundamentals can be broken down in five, simple steps; register your agency name, find carrier representation, vet technologies, establish policies and procedures, and start selling.
This week, we are focusing on the foundation of your agency and the way people will know who you are: YOUR NAME. When figuring out your name, it’s important to consider what you want your name to message to potential clients. Is there a certain value you want people to think when they look at your agency name? If so, consider that when picking out what to call your agency. Beyond that, consider names that are easy to remember and have no negative associations if you are to Google it. But, at its core, it is important to pick a name that speaks to you and your business!
Once your name is picked out, you will need to register it with your state. Every state is a little different, but you will always need to contact the Secretary of State or the State Department of Revenue, as well as the State Department of Insurance. If you have further questions – your best bet during this fundamental step is reaching out to your state’s Department of Insurance. Overall, this step is simple, so long as you are willing to do some paperwork.
Are you ready to get started?
As you can see, many of the steps needed to start your own, independent agency are less intimidating than you would think. If you want to start this conversation, you can reach out to VIAA at info@viaa4u.com
