Gauntlet Offers New Route to Starting Your Own Brokerage

There are many ways to get into the insurance industry but one which gives you an amount of freedom, choosing a particular niche of expertise and doing much of your business online, is broking. But it isn’t easy to accumulate the skills, qualifications and capital to start, it takes time. There is another route, as Gauntlet highlight with this product launch;

Gauntlet has created Gauntlet Brokerage Builder – a groundbreaking option for talented account executives wishing to start their own insurance brokerage but lacking the financial security or confidence to currently do so.

“Gauntlet Brokerage Builder is the option many account execs have been crying out for”, says Gauntlet’s managing director, Roger Gaunt.  “It puts a completely new spin on the traditional route into life as a self-employed broker and should lead to the very best talent entering the insurance market as local and niche brokers.  

“It completely removes the barriers to entry that have existed for many talented account execs with responsibilities and family commitments to consider.  We see it as a game-changer.”

Gauntlet Brokerage Builder is a 22-month programme for which any talented account executive, who believes they have what it takes to build their own brokerage, can apply.  

TRY BEFORE YOU FLY

Rather than following the standard route of instantly becoming an Appointed Representative and having to struggle to build a business whilst under covenant, the account executive joins Gauntlet on an employed basis, as a Broking Partner Designate.  Whilst in this role, they can access 22 months of help in getting their business plan, client base and sales and marketing tactics in place and can test the waters of self-employment, to assess whether it would suit.  

“We are describing this as ‘try before you fly’,” says Roger Gaunt.  “It’s a win-win for both us and the account exec.  They can get their business up and running before actually becoming self-employed and we can hone our future AR broker partners, giving them the best possible chance of success once they do become Appointed Representatives of Gauntlet Group.”

“No other network can offer an account executive this opportunity,” says Gaunt, “because they do not have the direct sales team to make it work.  We have leveraged our unique selling point as a network in order to create this opportunity and have already attracted our first Broking Partner Designate.” 

That first recruit will be one of the first cohort of account executives, who will join the programme between now and September and be based in Gauntlet’s Leeds head office.

The second tranche of account executives will join in January/February 2024 and will be able to elect to work from home, receiving support remotely.  Should they wish, however, they too can work from Leeds.

Applications from account executives wanting to take up this unique means of starting their own brokerage in under 2 years are already open, for both tranches 1 and 2.

More information about Gauntlet Brokerage Builder can be found here – https://gauntletenterprise.com/gauntlet-brokerage-builder/