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re: Do sales producers at independent insurance agencies typically earn residuals of some type

Posted on 1/9/19 at 11:39 am to
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13910 posts
Posted on 1/9/19 at 11:39 am to
quote:

Is that really the standard in LA?

Close. Some agencies pay higher but require you to help pay for CSRs. If there is the ability to negotiate, try to do it on the renewals. That is how you can make real income.

quote:

What is the standard agency fee?

Completely depends. Depends on how much work the policy takes and depends on the premium. On your standard 8-10k gas station, I would always go for $300-400. Just a mom and pop $600 lawn business, I'd put $50. I've heard of people putting $10,000 agency fees on trucking companies and such.

quote:

And are you in the business?


I owned an agency at one point then sold it.

Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41915 posts
Posted on 1/9/19 at 11:50 am to
Thanks nugget and chad. Anyone else with experience please chime in. I'd love to get more thoughts.
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