Thursday, April 25, 2013

How to Be a Auto Ins. Broker in NYC? - Insurance Forums

Old 04-23-2013, 08:08 PM ? #1

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How to Be a  Auto Ins. Broker in NYC?How to Be a Auto Ins. Broker in NYC?

Hi There, I'm looking into getting into the auto insurance business.
I will like to be brokering auto insurance for limo drivers, black car, livery etc type of insurance. I would like to get info on how to go about to get started. I don't have a license and would like info on which one would be the correct one. thanks for the help in advance.

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Old 04-23-2013, 09:33 PM ? #2

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How to Be a  Auto Ins. Broker in NYC?Re: How to Be a Auto Ins. Broker in NYC?
Originally Posted by NYCnew View Post

Hi There, I'm looking into getting into the auto insurance business.
I will like to be brokering auto insurance for limo drivers, black car, livery etc type of insurance. I would like to get info on how to go about to get started. I don't have a license and would like info on which one would be the correct one. thanks for the help in advance.

There is only one or two carriers that write black car service in NY and all of the cars are already insured by them.

The way to get started would be to get licensed. Then find a place to work that will train you properly to sell p&c.

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Old Yesterday, 07:03 AM ? #3

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Originally Posted by nyc2phi View Post
There is only one or two carriers that write black car service in NY and all of the cars are already insured by them.

The way to get started would be to get licensed. Then find a place to work that will train you properly to sell p&c.

Thanks for the reply.
Where would you recomend getting the course from? Thanks for the help.

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Old Yesterday, 12:28 PM ? #4

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How to Be a  Auto Ins. Broker in NYC?Re: How to Be a Auto Ins. Broker in NYC?
To take the exam I used ExamFx's online program.

To get training you have to work for someone as a producer. Check on craigslist, call a few agencies in your local area, or think about going the captive route for a bit.

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Old Yesterday, 05:35 PM ? #5

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How to Be a  Auto Ins. Broker in NYC?Re: How to Be a Auto Ins. Broker in NYC?

Livery business is very labor intensive. I do a lot of auto and are located in the Bronx if you have any questions.

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Old Yesterday, 05:45 PM ? #6

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How to Be a  Auto Ins. Broker in NYC?Re: How to Be a Auto Ins. Broker in NYC?
its nice business tho, they all renew in march and you issue all the binders and youre done! they average 3k-5k right now. there are 3 major black car insurance i know of. 2 people can handlike like a big book of 300-400 clients.

its like tax season though when renewals come around

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Old Yesterday, 06:50 PM ? #7

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How to Be a  Auto Ins. Broker in NYC?Re: How to Be a Auto Ins. Broker in NYC?

Lancer is the only company willing to write this tho, right? Theres no competition

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