Workers' Compensation Commission

Jun 24, 2008

Tags:
  1. threlvnfan
    Offline

    threlvnfan New Member

    Posts:
    4
    Likes Received:
    0
    Does anybody have any information on the commission rates and structure for workers' compensation? Any information you have would be helpful. Thanks.
     
  2. pcguy
    Offline

    pcguy Expert

    Posts:
    23
    Likes Received:
    0
    In NY the commission payout is significantly less than other lines. Most carriers pay 2-5%, some will pay as much as 10%. If you're unfortunate enough to have to use the State Fund, you're not paid at all unless you fee it.

    Commission is usually based on the premium net of fee's and assessments. Hope that helps.
     
    pcguy, Jun 26, 2008
    #2
  3. warrenins
    Offline

    warrenins Super Genius

    Posts:
    143
    Likes Received:
    0
    Depends on the state and the carrier. What state are you in?
     
  4. Peter Ryan
    Offline

    Peter Ryan Expert

    Posts:
    24
    Likes Received:
    0
    In my state commissions vary from 5% to 10%, most commonly 7%.

    One carrier doesn't pay any commissions on what they deem as uninsurable policies.
     
Loading...