I am in negotiations to start work with an acquaintance who currently has an independent agency but deals only in commercial insurance. They want to "branch out" into personal lines p&c and want me to work the personal lines dept. as I have many years as csr at another agency. We are just starting negotiations on pay. I was just wondering, what is a "typical" commission agreement between agency and agent? I know that it can be different for different areas, etc, but am just looking for a starting point. I will also be making a small salary in addition to any commission agreement. Neither of us are well versed in P&C commissions, as they have never dealt with them, and I was only salary at my previous job.
Any info or ideas would be greatly appreciated.
Any info or ideas would be greatly appreciated.