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Reply to E&S Carriers Commissions     
Old 07-13-2017, 08:16 PM   #1
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E&S Carriers Commissions E&S Carriers Commissions
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
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Old 07-14-2017, 07:10 AM   #2
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E&S Carriers Commissions Re: E&S Carriers Commissions
I suppose it depends on the type of business you are looking to move, if its packaged business vs. mono-line, etc.

What are you trying to roll?
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Old 07-14-2017, 11:08 AM   #3
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E&S Carriers Commissions Re: E&S Carriers Commissions
Originally Posted by Web320 View Post
I suppose it depends on the type of business you are looking to move, if its packaged business vs. mono-line, etc.

What are you trying to roll?
Also, in what State or States is the business you are looking to place?
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Old 07-14-2017, 01:04 PM   #4
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E&S Carriers Commissions dahonored1 is the thread starter for: E&S Carriers Commissions

Originally Posted by Web320 View Post
I suppose it depends on the type of business you are looking to move, if its packaged business vs. mono-line, etc. What are you trying to roll?
it's packaged, it's a supermarket with a food court inside.
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Old 07-14-2017, 06:57 PM   #5
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jlanier on E&S Carriers Commissions
 
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E&S Carriers Commissions
Originally Posted by dahonored1 View Post
it's packaged, it's a supermarket with a food court inside.
Why is it E&S? Do you not have a standard carrier that will look at it?
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Old 07-14-2017, 09:07 PM   #6
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E&S Carriers Commissions Re: E&S Carriers Commissions dahonored1 is the thread starter for: E&S Carriers Commissions

Originally Posted by jlanier View Post
Why is it E&S? Do you not have a standard carrier that will look at it?
A little background on why its going to E&S, they had a claim before and no one really writes huge supermarkets with commercial exposures along with restaurant exposures on the inside. Bottom line, I am paying commissions to the producer that's bringing this business along and since it's such a big account, I made a deal with him that he'd get a bigger spread on it so I am trying to figure out if 10/10 is the norm, (or can that be negotiated?).

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Originally Posted by PhilL View Post
Also, in what State or States is the business you are looking to place?
I am located in NY.
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Old 07-14-2017, 11:01 PM   #7
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jlanier on E&S Carriers Commissions
 
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E&S Carriers Commissions
Originally Posted by dahonored1 View Post

A little background on why its going to E&S, they had a claim before and no one really writes huge supermarkets with commercial exposures along with restaurant exposures on the inside. Bottom line, I am paying commissions to the producer that's bringing this business along and since it's such a big account, I made a deal with him that he'd get a bigger spread on it so I am trying to figure out if 10/10 is the norm, (or can that be negotiated?).

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I am located in NY.
It can definitely be negotiated. 15% is not unreasonable. Do you have a close relationship with a broker? I negotiate with Burns and Wilcox all of the time. Brokers can pretty much choose their cut. I've worked large cases where commission is totally cut and a large flat fee is applied.
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Old 07-17-2017, 05:29 PM   #8
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E&S Carriers Commissions Re: E&S Carriers Commissions
You have 1mm in premium. You have the choice on who you do business with, this also reciprocates the opposite way. 1mm for large E&S carriers mean almost nothing to them.

Keep searching, you'll find a right fit.
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Old 08-22-2017, 09:15 PM   #9
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robtmccarthy on E&S Carriers Commissions
 
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If your still looking for a wholesaler to play ball I can recommend a few New York MGa's that will step up the commish
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Old 08-22-2017, 10:37 PM   #10
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adjusterjack on E&S Carriers Commissions
 
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E&S Carriers Commissions Re: E&S Carriers Commissions
Originally Posted by dahonored1 View Post
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.
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