How much does an insurance broker earn?

An insurance broker makes money by selling insurance to individuals or businesses.Depending on state regulations, commissions range between 2 to 8% of premiums.Broker's duty is to understand the client's requirements and provide them with the best insurance policy within budget.Salaries of brokers vary depending upon size of the company and the nature of its work.Some brokers receive performance related bonuses plus additional benefits.Brokers with commercial clients earn more than those with personal clients.