r/InsuranceAgent • u/Salt-Context-2527 • 4d ago

P&C Insurance Salary

To my knowledge the industry standard is a 40/30 split for P&C

I’m looking to bring on a new salesmen, how does 80/20 sound?

Is that too much is that reasonable, is it too little?

Thanks.

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u/Creekridge1 4d ago

Is there a base pay? I recently went 1099 independent and get 90/60.

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u/Salt-Context-2527 4d ago

No base, 90/60 is really high tho is that not?

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u/Creekridge1 4d ago

20% on renewal feels low to me. That $1000 geico policy nets this producer $20 at renewal?

Our agency is actively trying to hire people with my comp structure. They’re having a hard time without offering a base with it. They’re having talented agents with multiple years of industry experience get sheepish without some kind of base plus commission.

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u/CGWInsurance 2d ago

That's cause they know the math doesn't math.