Compensation Policy
How 91黑料网 Compensates Its Independent Insurance Agencies
91黑料网 Mutual Insurance Company and its affiliated companies, 91黑料网 Insurance Company and 91黑料网 Partners Insurance Company, (each a stock insurer and collectively referred to as 鈥�91黑料网鈥�), sell property casualty insurance products and services through independent insurance agencies. 91黑料网 compensates its agencies for the 91黑料网 insurance policies they sell. Compensation paid is designed to encourage the sale of 91黑料网 policies to the agencies鈥� best policyholders. 91黑料网 agencies may be compensated through one or more methods as explained below.
BASE COMMISSION
Agencies are paid a base commission for the sale of 91黑料网 insurance policies to their customers. Base commission is generally a fixed percentage of the policy premium. The percentage varies depending upon the line of business written (workers鈥� compensation, general liability, commercial auto, etc.,) and whether the policy is new or a renewal.
INCENTIVE COMMISSION
In addition to base commission, agencies may be eligible for an incentive commission based on one or more factors. Incentive commission may be based upon the overall profitability of all of the 91黑料网 insurance policies sold by the agency, or on the amount of new or renewal premium placed with 91黑料网 during a calendar year. Incentive commission is generally based upon the agency鈥檚 ability to meet certain production, growth, profitability, or other performance objectives established by 91黑料网 for the year. As a result, the exact amount of incentive commission cannot be determined until after the close of that year.
OTHER FORMS OF COMPENSATION
91黑料网 may assist its agencies by reimbursing them for other business expenses, including but not limited to, marketing, advertising, training expenses, lead generation services, and other services that support the business objectives of the agency and may also promote 91黑料网 and its products.
91黑料网 agencies may also be provided with other forms of compensation, such as attendance at business conferences, meetings, social, cultural and sporting events, including meals, accommodations and transportation.
Some of 91黑料网鈥檚 agencies may also charge their customers a fee for the services provided to those customers by the agency. These fees are not part of the premium 91黑料网 charges or collects. Such fees are compensation paid by the customer in addition to the compensation the agency receives from 91黑料网.
For more specific information about how your agency is compensated by 91黑料网, please contact your independent insurance agent, or 91黑料网鈥檚 Vice President of Agency Programs.
