How easy is it to start up an insurance brokerage in Scotland?

Research has shown that over 96% of registered enterprises in Scotland have less than 50 employees; but how easy is it to set up and run a small insurance brokerage in Scotland?

Many brokers aspire to own their own business, but it's not easy. Whether you have been made redundant and are considering setting up your own brokerage as an alternative to finding a new job or whether you're fed up with working for someone and think you could do better on your own with a desire to make more money, there are a number of challenges that will determine whether a business is a success or failure.

National Insurance Intermediary Franchise, Coversure Insurance Services, has conducted research into insurance intermediary start ups in Scotland, identified potential challenges to setting up a brokerage and provided some practical advice to help up and coming entrepreneurs overcome these challenges.