Currently, I am looking for some information from you guys in the property and casualty space. Let me begin stating we are not Insurance brokers/agents we are in the cyber security space.
The question is how do we legally offer compensation to brokers for introducing us to their small business clients.
1) We believe it would be mutually beneficial to insurance brokers that are offering cyber security policies as we can determine the risk factor and help insurance companies determine the risk related to the cyber policy
2) Brokers that are not offering cyber security but offer small business liability would be able to profit from introducing our firm to their clients.
Our company is looking to scale quickly and we believe this may be our opportunity what we do not want to do is run into any legal issues later. To keep our lawyer fees to a minimum is why I bring this question to the forum first.
The question is how do we legally offer compensation to brokers for introducing us to their small business clients.
1) We believe it would be mutually beneficial to insurance brokers that are offering cyber security policies as we can determine the risk factor and help insurance companies determine the risk related to the cyber policy
2) Brokers that are not offering cyber security but offer small business liability would be able to profit from introducing our firm to their clients.
Our company is looking to scale quickly and we believe this may be our opportunity what we do not want to do is run into any legal issues later. To keep our lawyer fees to a minimum is why I bring this question to the forum first.