I wouldn't worry about your commercial clients. Unless the bank-owned insurance agency hires an insurance heavyweight (i.e. someone that really KNOWS insurance coverages), the bank really can't compete on commercial clients. As to "cutting a deal" with an insurer, can you say Spitzer! Insu...

"Banks in insurance" has been a 'threat' for as long as I've been in the industry (which is 25 years - geeze!). Playing my usual devil's advocate position - :twisted: - is it really that much of a threat? Your average consumer is better educated when it comes to insurance nowadays. Yeah......

Not enough...

Average is around $30k

Much depends upon the size of the PEO, what classifications they have, and what states they're in. Can you provide any of this info?