Do
you know how much your current agent or
broker is being paid for writing your business?
The vast majority of business owners don’t.
If your agent or broker is unwilling to
disclose this information or appears uncomfortable
with the discussion, this should warrant
more careful scrutiny. While this is a sensitive
issue, it is incumbent upon a business owner
to be informed. This should involve a candid
conversation on any other forms of compensation
the broker may be receiving related to your
account, which could include placement services
agreements, premium financing fees, profit
sharing arrangements, or any other form
of contingency fees.
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