Originally Posted by dahonored1
Just wondering, do all E&S carriers pay only 10%? I spoke to a few today and they all basically said screw off and hung up on me. I told them I have about $1MM premium to move to them and they just shrug me off like it was no big deal..am I doing something wrong?? lol
Yes, you are.
E&S carriers work through brokers like Burns & Wilcox, Crump, Marsh & McLennan to name a few. There's probably a directly online someplace.
The carriers don't work directly with agents.
The brokers get their commission and, in turn, pay the agents.
By the time you pay your producing agent, you'll be thankful that you have a million dollar premium cause the commissions will be spread pretty thin.