More independent agencies are joining insurance alliances as a solution to grow their agency revenue, especially during this pandemic. However, the headlines fail to mention how Halcyon Underwriters is the ideal option for agents to gain admitted markets. Halcyon Underwriters is the one-stop-shop for independent agents regardless of the states they write it. We are a wholesaler that can write in all 50 states. There are a variety of alliances with agencies tied to their name. At Halcyon Underwriters, our appointed agents are considered our partners. Our underwriting team applies their experience to work with our agents. You may be asking yourself, “Are there fees for this elite market access?”. Halcyon has no fees. Moreover, we recognize our agents are proud of the books of business they have built; therefore, we encourage them to maintain their independent status. We take pride in our partnerships to uphold long-lasting and profitable relationships.

NO FEES

As insurance clusters continue to recruit retail agencies, they are charging them several types of fees. For example, alliances can charge initiation fees to grant independent agencies to join these companies. Agents may also be looking at monthly fees, even a portion of the agent’s commission, or sometimes a combination of the two [1]. With 90% of Halcyon carriers being Admitted, it is merely unnecessary for independent agents to commit to anyone of these alliances.

MAINTAIN INDEPENDENCE

Several insurance alliances portray themselves as being the haven for independent agents to gain access to admitted carriers; however, this is not necessarily the case. Halcyon Underwriters recognizes how hard independent agents have worked to get their book of business to where it is, and we want to see these agencies flourish. Alliances may have particular requirements to meet for agents to maintain access to specific markets continuously. When agencies partner with Halcyon, there are no strings attached.

STRONG PARTNERSHIP

Each Halcyon teammate strives for a strong relationship with our agents. Our underwriting team puts their knowledge to good use, especially for special coverages, and particularly hard to place risks [2]. This tailored, collaborative approach may be hard to match in a syndicated insurance network.

GROW YOUR BOOK OF BUSINESS

Ultimately our goal is to provide our agents with the best carriers in the market as we continue to support the books of business they have built and sustain that upward trend. With the expertise of our underwriting team and our capable agency partners, we are confident in a profitable long-term relationship with your agency. Click here to view our wide variety of admitted carrier partners from workers compensation carriers, to property & casualty, even surety bonds!

CONCLUSION

If independent agents are searching for a sole solution to their admitted carrier needs, it is evident that Halcyon is that solution. Agents can have no fees, maintain their independence, have a valuable partnership, and gain support for growing their book of business with access to admitted insurance companies. To learn more about how to gain access to our admitted markets, contact us at [email protected]. Let’s become partners in production and grow a profitable relationship.

Sources:
[1] https://www.smartchoiceagents.com/4-insurance-cluster-group-fees-explained-how-you-can-avoid-them/
[2] https://www.zurichna.com/knowledge/articles/2019/11/top-3-reasons-to-work-with-a-wholesale-broker
This content is strictly informational and should not be used as specific advice on insurance products, legal, accounting, and/or tax related matters. Insureds should always contact the appropriate licensed professional for their insurance, legal, accounting, or tax needs.