Mystery Solved!
You pay a premium for your insurance and your broker receives a commission as part of this premium and may even be charging you a fee. Keep in mind that there is nothing wrong with this, everyone deserves to be paid for their work. The question you need to ask yourself is if your broker or agent’s quality and quantity of work justifies the pay.
A professional insurance agent will have no problem disclosing how much commission they are receiving from your premium and any fees they are charging. The type of work, the quality of work and the quantity of work should not be a mystery to you. The agent should be discussing all of your insurance policies and how to make them work together. Having one agent for you property insurance and another for your worker’s compensation is kind of like having one dentist work on your top teeth and another work on your lower teeth while ignoring each other’s work.
Why is it you have never asked how much your agent is making and how much work they are doing for you. If you have ever hired an attorney, for instance, they will provide you with a detailed billing describing the work they have done, how much time they have spent doing the work and their hourly rate. If you would like to solve this mystery please contact an agent at The Henkes Welsh Agency.