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re: Do sales producers at independent insurance agencies typically earn residuals of some type
Posted on 1/9/19 at 7:57 pm to GeorgeQGlass
Posted on 1/9/19 at 7:57 pm to GeorgeQGlass
I’m a P&C agent at a NOLA agency for the past 15 years. 50% on new business, 45% on renewals, 50% of agency fees and have to pay 20% of my CSR’s salary.
2
Posted on 1/10/19 at 2:52 pm to Buck Dancer
quote:
I’m a P&C agent at a NOLA agency for the past 15 years. 50% on new business, 45% on renewals, 50% of agency fees and have to pay 20% of my CSR’s salary
That's pretty good. That's much better than what guys are getting at the bigger shops here in Houston.
I see a lot of 45/30 or even 40/25 splits on new and renewal.
Then again there is a lot more business over here.
Posted on 1/14/19 at 11:25 am to Buck Dancer
I am curious as to what cut the agency (salesman and all) get on big premiums. Say a business has $250K+ in combined P&C and workers comp premiums, what kind of cut do you think the agency gets?
How much can the agency cut the premium to match a competing agency?
I hate what seems to be the industry norm that the first agency to a market get dibs. I would like to see two agency quote the exact same policy but I never do.
How much can the agency cut the premium to match a competing agency?
I hate what seems to be the industry norm that the first agency to a market get dibs. I would like to see two agency quote the exact same policy but I never do.
This post was edited on 1/14/19 at 11:26 am
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