WILDCAT-MATT
Expert
- 30
What is the industry standard for commissions split between agent and agency on new business and renewals?
What is the Industry Commissions Split Between Agent and Agency?
- Thread starter WILDCAT-MATT
- Start date
G
Guest
Guest
Re: What is the Industry Commissions Split Between Agent and Agen
top secret, We arent telling you what we make
top secret, We arent telling you what we make
- 995
Re: What is the Industry Commissions Split Between Agent and Agen
For what line of business? What are you getting? Leads, E&O, Processing help, a desk.....NEED MORE INFO
For what line of business? What are you getting? Leads, E&O, Processing help, a desk.....NEED MORE INFO
- 11,995
Re: What is the Industry Commissions Split Between Agent and Agen
Didn't you post this on another thread?
Didn't you post this on another thread?
- 160
Re: What is the Industry Commissions Split Between Agent and Agen
There is no standard, commissions vary depending on the arraignment. Some are independent contractors, some are employees. I know for employee arraignments, the range is 25 to 40% of what the agency gets, of course it's higher if the producer is an IC, anywhere from 50% to 80%, and there are many factors, including is office space, support services and E&O Insurance provideded. Cluster and alliance groups even give a higher split, but at this point you are to run an agency, paying all your expenses. This industry is not like the Real Estate Industry, any and every arraingment out there probably exists among insurance agency producers.
There is no standard, commissions vary depending on the arraignment. Some are independent contractors, some are employees. I know for employee arraignments, the range is 25 to 40% of what the agency gets, of course it's higher if the producer is an IC, anywhere from 50% to 80%, and there are many factors, including is office space, support services and E&O Insurance provideded. Cluster and alliance groups even give a higher split, but at this point you are to run an agency, paying all your expenses. This industry is not like the Real Estate Industry, any and every arraingment out there probably exists among insurance agency producers.
Last edited:
G
Guest
Guest
Re: What is the Industry Commissions Split Between Agent and Agen
gotta love a non-agent talking about agency stuff
gotta love a non-agent talking about agency stuff
- 1,473
Re: What is the Industry Commissions Split Between Agent and Agen
It's different from every company. Some P&C companies pay you %5-%20.New biz
On renewable business it can be lowered %5-13%.
Life insurance can be %50-110% of the first year premium. Health is lower. Hope that helps.
It's different from every company. Some P&C companies pay you %5-%20.New biz
On renewable business it can be lowered %5-13%.
Life insurance can be %50-110% of the first year premium. Health is lower. Hope that helps.
Re: What is the Industry Commissions Split Between Agent and Agen
You are crazy!!!
))) 
You are crazy!!!
))) - 7,790
Re: What is the Industry Commissions Split Between Agent and Agen
Hey, that was six months ago! Where have you been.
You are crazy!!!
Hey, that was six months ago! Where have you been.
Re: What is the Industry Commissions Split Between Agent and Agen
I know, I have been going through posts and seen many of his posts but could not stop quoting on this one!
And the AgencyEquity seems pretty calm!
Hey, that was six months ago! Where have you been.
I know, I have been going through posts and seen many of his posts but could not stop quoting on this one!
And the AgencyEquity seems pretty calm!
Similar threads
Latest posts
-
-
-
-
Dale M. Krause - Pioneer of Medicaid Compliant Annuities - Background- Latest: Dale M Krause