AssuredPartners owns and operates insurance agencies throughout the United States and in the United Kingdom, providing broad access to insurance and risk management solutions, most often in the form of insurance policies issued by insurance companies. AssuredPartners agencies typically receive compensation in the form of commissions paid as a percentage of the premiums (which can vary by carrier, by line of business, by volume with that carrier and other reasons) due the applicable insurance companies. In other cases, and depending on various State laws and the capacity in which our agency is acting, our agencies may receive other forms of compensation, such as contingents, overrides, profit-sharing, premium finance fees, expense reimbursements, producer subsidies, award trips and the like. We also earn interest on premiums we hold until it is time to pay the applicable insurance companies.
Our overriding desire is to provide great customer service, having you, the customer, believe we have earned our compensation. We believe in full disclosure of our compensation. Accordingly, if you have any questions about the compensation we receive from your policies (including policies we propose to you), please just ask your account representative, who will gladly provide you a summary of our compensation arising from your policies (some estimation may be necessary, for example where contingents are involved), including, if you so desire, on policies quoted to, but not selected by, you.
We thank you for the opportunity to serve and appreciate your interest.