True Fee Calculator

Understand the

Fees & Commissions

going to your broker

Understand how the fees and commissions you pay your insurance broker compare to similar companies.

Insurance brokerage compensation can be made up of fees, commissions and bonuses from insurance companies. Make sure you know how much you are being charged and that your incentives align.

You may hear “it doesn’t matter to me, I make the same no matter who you choose” – that is not accurate.  Brokers are most often paid “supplemental compensation” by carriers and annual incentives.  Make sure all compensation is disclosed to you.

Enter in your information below to see how you

compare to others like you:

Know the facts:

Understand the difference between “commissions”, “fees” and “supplemental compensation”.
All compensation is to be disclosed to you, the employer. Ask detailed questions.
For those with <100 employees, your insurance broker commission ranges will vary from state
to state. Know your broker is paid both a commission as well as supplemental bonuses from
insurance carriers. Make sure you know and ask your broker how they are being compensated.

Key drivers of cost variation

Does your broker provide:

  • Enrollment services
  • Wellness services
  • Other educational offerings
  • Other benefit offerings
  • Multiple P&C Offerings