What is the average commission to Property casualty insurance agents?
California agency, size12,000,000 Looking for new and renewal commission on commercial lines accounts
I am looking for the producer portion of the agency commission.
Varies by line. Monoline property/gl/umbrella 10%. Monoline comp 5%. Package 15%. Professional/specialty 7 1/2%.
Is the $12M size revenues or premiums? That's a crucial bit of info here. Keep in mind, there are probably contingency plans in place with many of the carriers, for favorable loss ratios.
Also, more and more larger accounts are being written on a flat fee basis, rather than commission basis. So you have to factor that in as well.
Varies by line. Monoline property/gl/umbrella 10%. Monoline comp 5%. Package 15%. Professional/specialty 7 1/2%.
Is the $12M size revenues or premiums? That's a crucial bit of info here. Keep in mind, there are probably contingency plans in place with many of the carriers, for favorable loss ratios.
Also, more and more larger accounts are being written on a flat fee basis, rather than commission basis. So you have to factor that in as well.
References :
agent, 21+ years