Worker's comp commission

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John J90
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Posts: 22
Joined: Fri Jul 22, 2011 11:16 am

Worker's comp commission

Post by John J90 »

What are the pros and cons of selling workers comp insurance? Is there a lot of follow up admin for the. Poker? What commission % would the broker earn?
Big Dog
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Posts: 274
Joined: Mon Apr 12, 2004 11:18 am

Re: Worker's comp commission

Post by Big Dog »

The pros to "selling workers comp" is that you're providing a coverage that almost every business (except for one person sole proprietorships) needs. Providing this coverage can also help in account retention. As to the "follow up admin", unless it's a large complex account that either has a high SIR/deductible or on some sort of retrospective rating basis.

Commission level varies by carrier and premium level. On average, it's around 15%.
jackwehoca
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Posts: 42
Joined: Wed Sep 29, 2010 1:23 pm

Re: Worker's comp commission

Post by jackwehoca »

Wow-In many years of writing in CA, have yet to get 15% . Most in CA seems to be 12% down to as low as 6% (I do not include SCIF)
Big Dog-lead me to the promised land of 15% -which carriers are offering that? (and are they competitive?)
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