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What kind of commission does and insurance agent get from a company?
Wiki User
∙ 9y ago
Commission rates vary in different types of insurance and with different insurance companies. Commissions in auto insurance vary from about 6% to as much as 15-20% and homeowners policy rates are usually 15-20%. Commercial rates range from 10-20% with line like workman's compensation and group insurance being less and usually graded with commission rates going down as premiums go up. Many companies offer bonuses with good growth rates and low loss ratios and not all companies offer these types of bonuses.
Wiki User
∙ 9y ago
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What kind of education is necessary for car insurance agents?
To become an insurance agent, it is recommended that a person take college courses in insurance brokering. Licensing is required to be an insurance agent, and a course of this kind is required for that.
How Do I Find an Insurance Company for a Specific Kind of Insurance?
Assuming that you know the kind of insurance that you seek, there are several ways to buy it. These include: 1. Go to an insurance agent who transacts that kind of insurance. The two major kinds of insurance are "property and casualty" (generally covering tangible property), and "life and health" (providing benefits upon the death of the person insured, and paying some of the costs incurred due to sickness or accident, respectively). An agent is a person licensed by the state insurance department and who is authorized to submit applications for insurance to the company(ies). There are also insurance "brokers". They are similar to "agents" but usually have access to more companies than do agents. There is beginning to be less of a difference between the two. Regardless, it is critical that the person with whom you deal has a license from the state to transact the kind of insurance that you seek (property and casualty or life and health). 2. Some insurers sell directly to the public and do not use agents or brokers as intermediaries. If you go this route, you do not get the benefit of the advice and experience of an agent or broker. By the same token, however, it is sometimes more economical to buy directly, as the insurance premium does not include an amount attributable to the sales commission.
What kind of liability insurance is needed for a fishing charter?
Start with obtaining a quotation for boat insurance, and let the agent/company know that you will be chartering the boat. If the chartering operations are incidental, the boat insurance may extend coverage. They will ask if the boat to be chartered includes a captain or not. Another recommendation is to call a boat charter company and ask for an evidence of insurance. Then you can contact the insurance company that provides it.
Where do you get insurance for cutting trees?
An insurance agent. (What kind of insurance do you mean? There are specialized agencies for things like worker's comp insurance.)
How does a small company become bonded?
A bond is a special kind of insurance that guarantees your performance to your customer. Many insurance companies will sell performance bonds. Define what kind of bond you need and what the terms of the bond are to be and explain what you want to your insurance carrier.
How much is workmans compensation insurance?
It depends on the insurance company and their particular experience with the kind of work, number of employees, loss history, management, company's safety program, areas of operation and more. Your insurance agent can discuss options. If you're self-employed, ask about Occupational Accident and Contingent Liability instead of Workers' Compensation.
How can someone check their car insurance to see what kind of theft is covered?
You can check your car insurance to see what kind of theft is covered by contacting your car insurance company. In addition, you can log in to your car insurance company website account.
What kind of policies does the 21st Century Insurance Company offer?
21st Century Insurance is a property and casualty company and policies offered include automobile insurance, renter's coverage and homeowner's insurance. The company also offers personal liability insurance underwritten by a partner, RLI Insurance Company.
Is there an insurance company list?
It depends on what kind of insurance you are seeking. For auto insurance, Progressive Insurance will show you the rates of some of their competitors. For other insurance, you can usually find a site that searches several insurance company rates.
If you only have liability and the other person hit your car who's insurance do you call?
You should always contact your insurance company when you're involved in any kind of collision or your vehicle experiences any kind of damage. Each state is different in terms of laws regarding fault and no-fault and your insurance agent will be able to answer all your questions regarding the collision.
What kind of maths do the insurance company use?
good maths =)
What kind of company is Citizen Insurance?
Citizen Insurance is a property insurance company. You can insure your building, your contents or both. They have a range of policy options that are flexible around your requirements.
