In addition to the commissions or fees received by us for the placement, servicing, claims handling, or renewal of insurance or surety coverage, we may also receive additional income in the form of "contingent commission" from some insurance companies. Contingent commissions are sometimes called "profit sharing", "overrides", or "incentive payments".
Contingent commissions are not client or account specific and are typically based on the growth and profitability of the total volume of business placed with an insurance company. These payments are not guaranteed and all payments are made to the agency. No portion of the payment goes toward any individual's compensation in the agency. All of our agency personnel are committed to responsibly serving our clients' best interests in the selection of insurance companies and their products and services.
