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There is no BLACK & WHITE hardcore formula. My x and I spend 3 1/2 days in court to value mine. email me privately and I can look up and see if I still have the reseach I did on it. A lot of people throw around 1 to 1.5 times gross commissions. For more info. see

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โˆ™ 2004-12-11 09:35:41
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Q: What is the formula for buying out a block of business from an insurance agent?
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Related questions

How could one become a business insurance agent?

You can become a business insurance agent by studying insurance in college or business in college. In addition, you can become a business insurance agent by applying for an insurance company.

Who does an agent represent in an insurance transaction?

The agent represents the insurance company, not the customer who is buying the insurance.

What is the difference between an independent insurance agency and an independent insurance agent?

The agency is the business and the agent is a person.

Where can one find business insurance services?

One can find business insurance services by contacting a business insurance agent. They can answer questions about business insurance and determine the best kind for a particular business.

What are risks covered by business insurance?

Business insurance policies can be custom tailored too your needs. I would suggest speaking with an insurance agent.

How do you write a business plan as an Insurance agent?

To write a business plan as an insurance agent you should include the executive summary, marketing plan and the key employees. You have to focus on your niche and write about how your business will be successful.

Are agent fees tax deductible?

You mean like a Hollywood talent agent? That would be deductible if you were in show business. If you mean like an insurance agent, that would not be deductible unless it was necessary to help you buy insurance for your business.

What classes to I have to take in order to become an insurance agent?

To become an insurance agent you should get a degree in Business or Economics. You should also familiarize yourself with the insurance field.

How long do you have to switch insurance after buying another car in Florida?

Talk to your agent to be sure

What is a good way to be buying travel insurance?

A way to get travelers insurance is to speak to your agent that does your automobile and home insurance. You can probably get a good deal if you bundle it with your other insurance.

What is minimum business target of sbi life insurance agent for a year?

No such conditions. But you need to do business.

What is the role of a business development manager in insurance industry?

development was make agent grow business .

How do you become an insurance agent?

You can receive a bachelors degree in business and familiarize yourself with the insurance field. Many insurance companies like Statefarm also require and exam to become an insurance agent in their company.

Can a licensed insurance agent buy their own health and life insurance?

Yes and one of the benefits of buying insurance from the company you work for may be a reduced premium. == ==

How will an insurance agent help figure out which business insurance best suits the needs of the company?

"First of all the insurance agent will sit down with the business manager and discuss what types of things are important in an insurance plan. Once the agent gets a good understanding of what the business is looking for, they will search through their providers and see which plans would work best for this business and their needs. Once they get a few different suggestions, they will meet again with the business management and discuss all the possibilities that could suite the business."

How much does business car insurance cost?

The cost of a business car insurance varies on the number of factors that include location of business, type of business and number of employees. It's best to discuss this with an insurance agent who can quote you the appropriate prices.

How do you get bonded for dry cleaners business?

Contact an agent or your states dept of insurance.

What is the price of Business Insurance?

No way to answer this you will need to contact an agent(s) for a quote.

Does State Farm Insurance Company offer business insurance?

"Yes, State Farm Insurance Company does offer business insurance. However, it is believed that State Farm is best for car insurance. Nevertheless, call an agent today."

Where can someone learn about business liability insurance?

Any insurance agent or website can provide information about business liability insurance, but it may be best to check with the Small Business Association (SBA) or an attorney to learn the most advisable coverage for a specific business or business type.

Lawn mowing company insurance?

Contact any local business insurance agent in your area for a quote, it's called liability insurance.

Where can you get liability insurance for a partnership cleaning business in Missouri?

Contact a good agent, they will be able to assist you with this, if they do not sell the type of insurance you require they will more than likely know an agent that does.

What is the relationship between the insurance agent and the insurance carrier?

the agent is under the authority of the principal, or insurance carrier, and has the ability to make decisions as a representative of the carrier. Therefore, the principal can be held legally liable for the agent's business

Where can one learn about business home insurance?

If one is looking for more information about home business insurance, one should talk to an an insurance agent or broker. They would have more information on whether one qualifies for that type of insurance or not.

Are there options career wise for a business to business insurance agent?

Every career has several various options for potential employees, especially those looking for career advancement. Business-to-business insurance agents are no exception to this rule.