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Recommendations for Selling a Book of Commercial Business Insurance in Illinois?
Dec 05, 2007 by Jeremy S | Posted in Insurance
Hey there,
I'm an independent agent, working for an independent agency. I am leaving to accept an offer in another state. I have a book of business that earns $100,000 commission per year and would like to know the approximate worth of this book (2-3 times?) and the best options for selling it. I am a corporate officer at my current employer and I do not have a non-compete clause.
I would appreciate any suggestions, as I will not be able to serve these customers in my new state and my current employer will not be able to serve them as well as I have.
Thank you!
In Ohio it is typically 2 times commission. Probably the same in Illinois. As far as selling approach the independent agencies in your area. They may want to role the book into their own companies, but I guess that won't matter to you once the sale is made.
Your account is suspended | Dec 06, 2007
Garden Furniture Cover
Is it a law for Illinois employers to have workman's compsensation insurance?
Aug 31, 2007 by Rachel | Posted in Insurance
My former employer, a doctor, had no workman's compsensation insurance. His business was part of a franchise. Should he legally have to have workman's comp insurance?
Small employers in IL are allowed to "opt out" of purchasing workers comp coverage. That does NOT, however, get them off the hook for paying benefits!!
So no, he likely is not legally required to carry it. But yes, he still has to pay benefits if you were injured - medical payments and lost wages.
You'll likely need to hire an attorney to get the money out of him, though. In my experience, guys like that don't voluntarily cough it up - you have to drag them through court.
mbrcatz | Sep 01, 2007
Bedspreads
How long do you legally have to report a car accident to your insurance in Illinois?
Apr 01, 2008 by wendy c | Posted in Insurance & Registration
I had a car accident late last night,the other person called me late the next day to ask more questions,after normal business hours of the ins.co.It has been less than 24 hrs.I have not notified my co. yet,minor damage,no one hurt and my co. has no after hours phone number
Call first thing in the morning, you will be fine.
Sue | Apr 01, 2008
STORAGE BOXES
Still the Governor: Blago Stays Busy Doing the People's Business
08.01.09
Rod Blagojevich vowed that despite his legal woes, he is still the governor of Illinois His appointment of
Roland Burris to President-elect Barack Obama's Senate seat was the ultimate reminder of his incumbency. But Blagojevich,
always upbeat and cordial in front of the cameras, has been sending out little reminders ever since his arrest a month
ago and the convening of a panel to consider whether to recommend impeachment. Here's a sampling of the 20 or
so bills he's signed and advisories issued: Jan. 8: " Governor Blagojevich Urges Women to get Screened
During January - Cervical Cancer Awareness Month. Governor Rod R. Blagojevich today declared January Cervical Cancer Awareness
Month in Illinois and is urging all women, especially women who smoke, to get screened regularly for cervical cancer. According
to the American Cancer Society, women who smoke are almost twice as likely as non-smokers to develop cervical cancer."
Source: FOXNews
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Illinois business insurance - News
Still the Governor: Blago Stays Busy Doing the People's Business
FOXNews - Jan 08, 2009
guardian.co.uk Governor Rod R. Blagojevich signed Senate Bill 934 into law, providing insurance coverage to parents of children with autism. The new law, also known as Video: Paperwork Keeping Burris Out of Senate Blagojevich Impeached by Illinois House, Faces Trial RPT-UPDATE 1-New US Congress convenes focused on economy -
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The Leaves Have It - New York Times
New York Times, United States - Jan 10, 2009
Times OnlineThe Leaves Have It During the presidential campaign, Obama talked constantly about creating a national health insurance program while John McCain said the government should Video: Obama: New Layoffs Show Need for Urgent Action A roundup of news, schedules, and key stories from CBS News Obama Seeks Fast Action on Plan -
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Turmoil in Springfield sending ripples across the state - Evansville Courier & Press
Evansville Courier & Press, IN - Jan 10, 2009
Turmoil in Springfield sending ripples across the state I just feel sorry for all the people who do business with the state of Illinois and have to go to the bank to borrow money to stay in business while the
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Aetna Introduces New Chicagoland Plan for Small Businesses - WELT ONLINE
WELT ONLINE, Germany - Jan 08, 2009
Aetna Introduces New Chicagoland Plan for Small Businesses Aetna’s Illinois Community Plan is available through insurance brokers to members and member affiliates of the Illinois Hispanic Chamber of Commerce,
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Pastor in gay scandal: I'm back from 'wilderness'
The Associated Press - Jan 10, 2009
Now back living in Colorado Springs, Haggard said Friday he hopes to build his business selling insurance and debt-reduction software and is considering
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Wicked The Musical
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