What is proper split when working for a form insurance broker? He is offering me 50/50 split is that celebration?
Answers: YES. I found interesting information more or less your answer here. Goodhttp://all-insurance-online.blogspot.com… luck!
Yes, that's fair. Most of the time it's 50/50, or sometimes 55 new, 45 renewal. Source(s): agent, 21+ years
I would have to consider the following in determining if this split be fair:
1. Are they providing you with an bureau with phone/fax/email/internet access?
2. Are they providing services to your clients?
3. Are they providing you with lead?
4. Are they picking up the tab for your marketing?
5. Are they reimbursing you for expenses?
If the answer is yes, then it is more than fair. These things cost money and your business will grow faster working for a broker than working alone - if they provide you next to these things.
Good luck. Source(s): Certified Insurance Consultant - Life/Health, Connecticut
"Fair" will depend on what else is he throwing in? E&O, office space, telephone, clerical help, other expenses? Also, what about prospecting and marketing; any other benefits? Health insurance? If he's helping next to that, then yeah fairly standard operate. If he's not helping with getting new clients, afterwards what are you getting out of the deal except a smaller paycheck?
Also, make sure you read your agency agreement and construe the renewal commision split. Save yourself heartache down the road. Good luck. Source(s): http://ohio-insurance-forum.blogspot.com…
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