Agent & Broker Compensation
McKillop Mutual Insurance Company, as an insurer, has contracts with agents and brokers who provide professional advice and purchase insurance on behalf of their clients.
Our agreements require that your agent/broker and McKillop Mutual exercise the utmost good faith and honesty in performing their duties, in properly and promptly servicing policies. The brokers have a duty to disclose their commission earnings on a given policy to their client, if so requested. The annual commissions paid by McKillop Mutual to brokers are as follows:
- Private Passenger Automobile 10%
- Personal Household Property and Liability 20%
- Commercial Property 20%
- Commercial Casualty 20%
- Farm Property and Liability 15%
Agents of McKillop Mutual also receive compensation for the sale and service of the company’s insurance products.