Prince Hill Insurance Agency Blog
How a Career in Insurance Can Be Your Saving Grace After a Layoff
Suppose you've been left without options due to a layoff or furlough. You may be wondering, “What’s next?” If you’re not sure which direction to go career-wise, the insurance industry is an excellent option to explore, thanks to its current stability. Ready to learn more? Here are some reasons why you should get a job in the insurance sector, courtesy of Prince Hill Insurance Agency.
It’s a Relatively Simple Career to Enter
If you're looking for a stable job, and you need to land one quickly for financial reasons, then getting into the insurance sector is quite simple to do because there aren't many entry requirements to start working. Moreover, much of what you're going to learn will have to be learned on the job. And during this time, you can apply for the applicable license and accreditations according to industry regulations.
You Have Plenty of Other Options, Too
If you're looking into a career with many options, an insurance career is as diversified as they come. Moreover, much of the skills and knowledge you can expect to learn in a job in health insurance can be applied to other careers as well. For example, key skills such as learning the art of negotiation, time management, and communication skills can be applied in careers such as risk management, sales, marketing, and even IT.
If you decide insurance is for you, you'll need a resume to help you compete in the job market. For example, if you need to design a resume from scratch and you’re looking for a free tool to help, the best solution is to choose a premade template then add all the relevant information, such as your employment history, your skills and qualifications, and any other design elements you want to see.
If you decide that the health insurance industry is appealing because you already have experience, then why not consider taking an online professional development course to further upskill your knowledge in this area? Furthermore, professional online development courses are designed to take less time to complete, so you get to qualify quicker. For example, a professional online development course in medical coding can help you identify and allocate medical codes more correctly regarding services and claims. What's more, at the end of it, you can even get a skills assessment certificate to validate your knowledge in this area.
Starting Your Own Insurance Agency
Suppose starting your own business is your solution to a job loss, and you’ve decided to create your own insurance agency. You'll have many things to consider, such as what structure your business should be to reap the maximum benefits from it. An LLC, for example, is always a good option to protect your personal assets. Apart from the fact that it has limited liability, an LLC also offers other benefits, such as pass-through taxation, which means double taxation is avoided as the business owner is responsible for paying personal income tax only. Furthermore, you can arrange your business structure as the business grows by onboarding more managers or members to help manage the business's affairs accordingly.
You can't go wrong when choosing a career in the insurance sector, as you'll have a less stressful time finding a job for one. Secondly, there is plenty of room for growth if you choose to enhance your personal knowledge through professional development courses. So, look into the insurance industry and see if it feels like a great match for you.
Prince Hill Insurance Agency is here to give you the service you deserve at a price you can afford. Call 860-779-1503.
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Although it was obviously well worth it, buying our home was oftentimes frustrating, and we were surprisingly clueless about much of the process! Applying for a mortgage, pulling together the funds for a down payment (and figuring out if we needed to make a down payment), finding a home within our budget… It was way more work than we expected!
Brenna Meade is the IT Manager at Prince Hill Insurance and handles all things technical. She will be managing this blog.
Natalie Jones often writes guest blogs for Prince Hill Insurance. She and her husband run Homeownerbliss, a great small business and blog!