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Brokerage Partnership Opportunity - $50,000 Buy in - Producers or Roadrunners or level I or 2

Job Summary
  • Brokerage Name:
    Anonymous
  • Approximate Salary: Negotiable
  • Region: Lower Mainland
  • Country:
  • Category: Producer
  • Position Type: Any
  • Experience Level:
  • Education Level: Level One Licensee
  • Advertised: 07-05-2021
  • Closing Date: 25-05-2021
  • Job ID: 7217
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Brokerage partners looking for a key person interested in minority partnership as part of succession plan for branch office.

The Opportunity!

5% share equity (minimum) as a minority Partner of a +40 year established retail/online auto insurance side of the brokerage (ICBC license / commission and private auto commission revenue).  Use your creativity finding innovative ways of enhancing the auto customer insurance experience.  Team up with another person and buy 10% for $100,000. 

As a Partner-Owner, you will be operate the front line Auto Insurance retail and online side of the brokerage . You will be the key person driving business forward through strategic planning, IT development, and future growth.  You and 1 assistant are more than enough to operate this branch of the business and grow with cross selling of the entire existing book.  

With ICBC online sales, there is a great opportunity to cross sell the existing General insurance book and increase auto insurance revenue organically by simply obtaining expiry dates and processing renewals online and promoting private auto placing as many clients as possible with private insurance.

 

Buy in & Potential Earnings - sky is the limit!

Buy in with $100,000 for 10% equity ( minimum buy in ) of the auto insurance operations including ICBC License and associated revenue as well as Private Auto. Premiums will only increase each year. As premiums rise, commission will increase as well. 

Salary = $40,000  + 10% of the Net Auto commission revenue + your share of 50% split of yearly commission from general lines clients derived from all existing and new auto insurance customers each year.  Potential earnings increasing exponentially as you grow and cross sell customers and build your book of business.  

$100,000 per year is easily obtainable however the sky is the limit. You control your earning potential with your work ethic and drive. 

Brokerage is contracted with most major domestic insurers. Bring your book of business over and grow both organically through existing leads and with your own book of business.  We place almost 100% of our general lines business and can assist with placing risks for those that are inexperienced in commercial lines (or personal lines)

Today, an ICBC license is still worth over $750,000. without any associated revenue!  

 

 What you will do:

As partner owner, you will be the key Auto insurance contact for customers, managing the day to day retail and online auto insurance operations and profiting from growth month after month. 

  • Cross sell the existing auto insurance book with other lines of business and manage those clients as you gradually develop and get compensated for that book with a 50% commission split year after year. 
  • Cross sell the existing general lines insurance book for auto insurance. 
  • Follow up on auto/ ICBC leads given to you to contact general insurance clients for their Autoplan expiry dates. 
  • Use your creativity finding innovative ways to market the brokerage online ICBC presence.
  • Promote private auto insurance when necessary as best choice for customers.

What you will bring:

  • Passionate about people and cultivating strong relationships through excellent customer service.
  • Thrives in a team orientated and dynamic environment
  • Excellent communications skills with the ability to deal client issues as they arise.
  • Strong organizational skills while being able to adapt to everyday changes in the industry.
  • Level 1 or  2 License
  • Industry knowledge on the general insurance side.
  • Some IT knowledge 
  • Experience with social media marketing

Potential return on investment is 1-3 years depending on drive, work ethic and willingness to be a business owner. 

Please email your resume in confidence to:

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