Insurance
Title Insurance
Small Business and Entrepreneurship

How do you start a title insurance agency in New Jersey?

Answer

User Avatar
Wiki User
10/20/2010
  • You must have a NJ resident title producer's license or have a NJ resident producer on staff or a NJ Licensed Attorney that holds a NJ title insurance producer's license.
  • You must obtain an entity producer license for the business
  • Put in application for agency agreements with Underwriters and be accepted by an Underwriter
  • Obtain E&O Insurance
  • Have knowledge of the business or have knowledgable KEY staff (your underwriter will require it)
  • Buy business equipment & a good title software system like Snapclose Pro
  • Set up your office, interview staff, hire staff.
  • Sign your agency agreements once the state sends back the entity producer's license
  • Open your doors