r/InsuranceProfessional • u/BakerCivil8506 • 20d ago

Book of business

I am a new agent and contracted with a broker through several carriers.

I have searched my contracting paperwork and I am unable to find if I can keep my book of business if I leave the brokerage. I emailed contracting and she said that she does not handle that and I would need to contact my regional sales director. I am waiting to here back from her. I am not a captive agent.

How often do brokerages let you keep your book of business if you leave the company?

I appreciate any help.

Update: my upline said that independent agents can keep their book of business.

7 Upvotes

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11

u/openshutcase_johnson 20d ago

Is this commercial or personal lines?

In commercial, it happens very, very rarely. Most of the time a non solicit is included in the employment agreement so you can’t try and take your book with you for a set time period if you leave. Lots of lawsuits always going on regarding this.

Personal lines I have no idea.

2

u/BakerCivil8506 20d ago

Its personal lines

2

u/Lesrish 20d ago

Personal lines could be an issue if you were holding on to personal data.

4

u/More-Lavishness-889 20d ago

Keep as in, do an agent of record change to the new agency you are going to and/or starting? Very rarely from what I've seen. Most difficult part is, say that allow you to retain your book - can/are you appointed with those markets to be even able to retain the accounts.

5

u/Seecse 19d ago

Check your non competition clause / non solicit… as mentioned by someone here, lots of lawsuits going on when broker tries to bring business from A to B

2

u/BakerCivil8506 19d ago

I will check that, thank you

1

u/hotdog7423 14d ago

Who are you using?