Starting up a broker can cost as little as £50,000 – WTW networks
Willis Towers Watson Networks believes brokers can start up for as little as £50,000.
Speaking to Insurance Age ahead of the British Insurance Brokers’ Association’s conference in Manchester, network director Lynne Norledge said the costs of starting up are a concern for brokers.
The network has interviewed a number of its members, believing the start-up costs are about the £100,000 range for most brokers.
£100,000Price that the network believes the start-up costs are for most brokers.
Norledge said: “We are taking on probably about 10 start-ups every year, and they
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