Broker Fees
On July 1, 2009 the laws and rules governing our agency changed. We are required to notify you, the client of our compensation on your policies. Each insurance company pays us a commission to service your policy. That commission ranges from 10% to 30%, depending upon the type of policy and the level of service the Brokerage provides. All fees are disclosed at the time of the quotation for insurance and included in the quoted price. We also receive various forms of compensation from the companies through promotional contests. We may receive a bonus at the end of each fiscal cycle based upon our production and the losses incurred by our clients. The producer may receive additional commission in the form of future incentive compensation from the insurer, including contingent commissions and other awards/bonuses. The agencies compensation did not determine the placement of business with any insurer.
| Policy Fee | $50.00 |
| Underwriting Reports Fee | $10.00 |
| Expediting Fee | $20.00 |
| 30-day Late Fee | $20.00 |
| 60-day Fee | $20.00 |
| Additional Periodic Late Fees | $20.00 per 30 day period |
| Bounced Check Fee | $20.00 |
| Billing Fee | $10.00 |
| Credit Card Processing Fee | $20.00 or 3%, whichever is higher |
