Asking or suggesting that the client-owner becomes the bank carries an additional risk exposure to that broker/agent.

I'm 100% guessing that there is no law that requires it goes thru your broker, but there might be a rule in the P&P book with your ICA that requires you do everything locally thru them.They probably want to know what brokerage activities you are taking on.....and what exposure they have.My old broker used to always say disclose disclose disclose. 

The key is exposure to the buyers who already have their foot in the door – this particularly worked for me.Good luck.

I don't write in Texas, but I have clients with multi-state exposures, and I have markets for them.Don't be afraid to use the AllState rep in San Antonio as a resource.  

One big problem I am seeing here, which I see as very commonplace by the way because conventional insurance agents don't know better, is a lot of people co-mingling personal exposures with business or commercial exposures.Here is a post I did on another social media platform that will hopefully help. 

Hi Thomas,First, regardless of whether you own in your personal name or LLC, you really should have all of your properties on a commercial property form master policy type policy, with an agency that is licensed in all 50 states for many reasons, not the least of which are convenience, incrementally lower premiums, receiving some coverage you cannot obtain on a "personal" lines policy and really because anything used to derive income is considered by the IRS to be a "business" exposure, just to name a few.Pricing and structure of course vary by carrier and there are less than a hand full out there that can structure things the way I've suggested.Hope that helps.Ivan

You also have liability exposures inside the entities, additional beneficiaries or other members can attack from the inside.

The bank might make the shape and size to maximize their exposure and get the most parking etc. and leave you unusable land with the shape that is left over.

But, if they don't have WC coverage themselves and one of them gets hurt/killed on the job, YOU may be liable.I would certainly consult a good WC attorney so you know what your exposure is...

I totally understand that and my exposure to small segments of 2 different markets (from different states) shows a large amount of scumbags.In the case of size misrepresentation its one thing but classification is another story.