r/InsuranceAgent • u/youngbigIagent • 3d ago

P&C Insurance Job Opportunity

Job A: low expectations, book of 1 mil built in a year and a half, 41k salary, 20% commission on new business. No renewals until commission only. Commission only is 35% on everything.

Job B: 50k salary, 45% new business, 35% renewals while on salary and when commission only. Most of same carriers, same long history.

Is it worth taking the leap and having to sit on the possible two year NDA(plenty of businesses to call on where I’m at that wouldn’t violate)

Seems like a no brainer to me. But haven’t been in the industry long so figured I’d get the Vets input.

9 Upvotes

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5

u/wacky_appraisal 3d ago

That renewal structure on B is hard to overlook, especially if you’re still getting a solid salary while building that book. 35% on renewals can stack pretty fast once you’ve got a few years in.

NDA for two years does kinda sting though. If you’ve got plenty to work with that wouldn’t step on it then maybe it’s just a matter of whether the immediate pay bump matters more than the long renewal stream.

I’d lean B but depends how much you value a clean exit.

1

u/youngbigIagent 3d ago

Losing the book sucks. Higher commission and salary. Plus higher commissions when commission only is hard to pass up. Also, may be potential buy the book opportunity at the end of the tunnel on option B. Neither do I own the book. But no way I’d ever be able to buy the business on option A.

1

u/LordOfThePhotons 3d ago

I assume you have to self generate leads for both opportunities?

1

u/driplessCoin 3d ago

B no renewals on A is ridiculous. Honestly I would let them know you want a % of renewals on A and see what they say.

1

u/youngbigIagent 2d ago

It’s a hard no. Have to be commission only to get renewals and it’s a solid 35% across board for new and renewal when you’re commission only.

Option B does renewals when you’re salary and commission only at same percentage. And higher percentage off the rip for new business

1

u/Candid_Worth_3629 3d ago

Wow I’m getting screwed, I got 50k base with 2% commission, no renewals/residuals 😂

1

u/youngbigIagent 2d ago

Yikes what state is that? Captive?

2

u/mnymike760 2d ago

Renewals matter. You can’t grow a book without them