To become an independent insurance agent, earn a bachelor's degree in insurance or business, obtain a license in the state in which you want to sell insurance, establish and register the business and purchase professional liability coverage. Finally, get associated with insurance companies and complete their requirements.
A bachelor's degree is not necessary, but insurance agencies often prefer to work with agents with a college degree, preferably in business, insurance, finance, economics, accounting or marketing. After earning a bachelor's degree, obtain the concerned license in an appropriate state by completing the pre-licensing course and passing the state exam. Also, fulfill other state requirements, such as obtaining different licenses for different insurance products.
Once the license is obtained, set up a business and register its name and structure with the state by paying the registration fees. Also, buy the errors and omission insurance that provides financial protection in case a client files a lawsuit. This insurance covers costs of defense and awards in case of legal damage.
Next, select and get associated with insurance companies. Fulfill their preliminary requirements, such as completing a formal application, paying for criminal background check and interviewing with an insurance manager. Undergo formal training given by the insurance agency, if required. Finally, market the business via media advertisements, pamphlets and business cards.