You are a highly valued customer, and our firm takes pride in the services we provide to you. Acting as an independent insurance broker, we are able to offer you excellent service and competitive prices because we can access insurance coverage, in most cases from more than one insurance company.
Our role is to provide you with the best insurance value that combines coverage, service, and price. In most cases, our firm is compensated on a commission which is fixed or based on a percentage of the premium that you pay for your policy. The commission percentage or amount is set by the company, not by us.
We may also receive compensation through incentive or profit-sharing arrangements with insurance companies with which we place business. Eligibility for and the amount of contingency compensation is based on pre-established thresholds that consider the overall profitability of the business we place with insurers and other factors. This incentive compensation is never tied to any individual policyholder, and there is no meaningful method to determine in advance the impact that any particular policy has on these payments. If in a given year our firm does not meet the profitability thresholds outlined above, we are not eligible for any incentive compensation.
Any additional or incentive compensation we receive from the insurer is paid to the firm and not to the individual employee of the firm who is working with you to obtain the insurance products and services you have requested.
The commissions and contingent commissions, described above, are in addition to any fees we are charging you. We will disclose all of our fees, if any, to you in writing, in advance.
Our firm is grateful to have you as a customer and we welcome any suggestions you have to assist us in serving you better. We appreciate your business. If you have any questions regarding this or any other aspect of your insurance needs please contact us.