If you don't know how much your wholesaler stands to make from each option they present you can't trust them to be impartial.
Many wholesalers never reveal the total commission offered by a carrier, let alone give you a clear indication of what they keep versus sharing with you. In doing so the wholesaler skews the power dynamic away from you in their favor, ultimately compromising their ability to recommend the right coverage in exchange for pushing the options that pay them the best.
Many wholesalers like to pad their wallets with excessive fees. A better solution? Charging an appropriate fee only when your wholesaler provides you with a service, such as taking care of the surplus line filing. Superfluous wholesaler fees have a negative impact on your and your clients. Avoiding these kinds of fees is an easy way to stabilize your client relationships and your book of business.
Here are a few of the most commonly asked questions that we get about pricing and commissions.
Start with selecting the best professional liability wholesaler for your medical and healthcare professional liability needs. By the end of day you’ll have a 15-minute meeting time reserved where you will learn definitively how to best serve your insureds.