How do I start an insurance company?

Step one, make sure you have some type of experience in the insurance industry before launching any type of insurance carrier, company, agency, brokerage, etc. Step two is to make sure you have an insurance license in the state that you are conducting business in. You must be licensed in order to conduct and sell insurance legally. Step three, secure appointments or contracts with insurance carriers (Nationwide, Liberty Mutual, AAA, Progressive,etc.) which allows your company to sell their services and will pay you a commission on each policy. Step four, get an errors and admissions policy, which is also called professional liability insurance. This basically means if your insurance company messes up a policy, that mistake is protected and covered. Step five is to get approval from the department of insurance, which pretty much approves your license and allows you to legally conduct insurance. You also may need to obtain a business entity license for your company in which you would then become a producer under that business. Step six is to stay patient and know that things will work out, you just have to stick with it.