How to start a New Car Insurance firm?
Question:
I like to create a new insurance firm where the firm's policeis are independant.
What legal blocks and or issue are there if any?
Answer:
Your best resource is to go to your state's Dept of Insurance Web Site. You will need to be a licensed agent, financial stability, state bond, merchant bank account, fast internet connection, "know" people within the business, experience and a high enough bond amount to gain company appointments, etc. etc. Not easy but can be rewarding if done right.
You need tons of MONEY and very good ATTORNEYS. Go sit down with a lawyer and ask what is required in your state. You will be amazed. I put off my small business venture for another year to save up the capitol I am going to need to move this forward with no debt.
Good Luck
see if there are any franchises availible in your area
thats about it unless your rich as bill gates the first clain of 10 mill will kill ya
I will like to know the some thing, if anyone know the answer to this send it to me at
Nogme@yahoo.com
thank you...
More Questions & Answers...