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O’Brien Insurance
Agency is contracted to represent various insurance companies in Michigan, Minnesota and Ohio.
Those insurance companies pay us commission to sell policies for them.
The commission we receive varies by company.
The average commission for Commercial policies is
about 14% of premium,
but in some cases is as low as 3%.
The
commission on personal insurance policies varies between 12% and 5%.
We are not paid commission
on state mandated items such as the MCCA charge.
Health insurance
commission varies between 8% for individuals and about 3% for group.
We may be paid an additional amount from insurance companies if we meet sales and profitability
goals as set by the insurance company’s contract.
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