Ask Your Peers SPLITTING COMMERCIAL BROKER FEES

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Peter Young, HIGH TECH INSURANCE SOLUTIONS - San Jose, CA 95128

Reputation: 72 - Total posts: 6

Does anyone charge commercial broker fees? What percentage do you split with your commercial producers?

Thanks,

7 year(s) 7 month(s) ago

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Larry Lipman, LarryLipman - Woodland, CA 95776

Reputation: 180 - Total posts: 15

You've asked a question with no firm answer first of all the case has to be big enough to quote net of commission. If you don't have a direct contract the GA still is paid. So the Purety of pure premium can't be achieved If you are asking about broker fees on top of your contracted compensation Those fees must be explicit and transparent Most agency owners keep 100 percent of the fee But some allow a split based upon the normal contractual split

7 year(s) 7 month(s) ago

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