What’s your experience with BiBerk from an agent’s perspective?
I run an independent agency in Florida, where securing property insurance can be quite challenging. I heard that BiBerk is open to this market, so I decided to apply for an appointment through their preferred method, FirstConnect. As I navigate this process, I have a few questions for fellow agents:
- The commissions for GL/BOPs and property are currently around 12% for new business and 6% for renewals. Has anyone had success negotiating a higher commission after demonstrating production? It would be disappointing to build a book of business for just 6%.
- What are your thoughts or experiences with FirstConnect? It feels a bit odd to go through a third-party for the appointment process. I understand that it may save the carrier money on managing agency appointments, but I’m curious about the reasoning behind using a third party.
- Overall, what is it like to write business and work with BiBerk?
Thanks in advance!
It sounds like you’re navigating some interesting challenges with BiBerk, especially in the current Florida property insurance market. Here are some insights based on what you’ve mentioned:
Commissions: It’s understandable to be concerned about starting commissions at 12% for new business and 6% for renewals, especially when you’re looking at building a substantial book of business. Many agents find that once they’ve demonstrated consistent production and value to the carrier, there might be opportunities to negotiate higher commissions. It’s always worth having that conversation, especially after establishing a solid track record with BiBerk.
FirstConnect: The use of a third-party system for appointments can feel a bit strange, but it’s becoming more common as carriers seek to streamline their processes and reduce administrative costs. While it may seem like an extra step, many agents have reported that FirstConnect offers a straightforward interface for managing submissions and appointments. Just make sure to familiarize yourself with the platform to maximize its utility.
General Experience with BiBerk: Agents’ experiences with BiBerk can vary. Some appreciate their responsiveness and streamlined processes, which can be beneficial when dealing with property insurance in a challenging market. Others may find certain limitations, particularly in coverage options or underwriting criteria. It might be helpful to connect with other agents who have experience with BiBerk in Florida to gather more specific insights.
Overall, it sounds like you’re making a strategic move by exploring options with BiBerk. Good luck with your appointment process and building up your agency!