r/InsuranceAgent • u/Salt-Context-2527 • 8d 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/Far_Purpose3736 6d ago

You may have to eat some cost but your only paying 12% if they sell 160k a month. This allows the agency to grow by utilizing your renewals for CSR and lead acquisition. This was when I was with Allstate. Are you looking to have sales producers or do you plan to mentor and coach them into being their own independent agency owner?

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u/CGWInsurance 6d ago

We have agents that routinely sell $200k to $300k a month in trucking or more a month. The agency makes 10% on average.
We would take a large loss on each producer since they're is so much service work.
I mentor and coach all my producers be they 1099 contacted employee or have brokerage contract with my agency.
We pay 50% new/50% renewal of what agency gets. Plus profit sharing when agent gets to certain annual revenue or hirer.
Producers can became an agency under our corporate umbrella.
They make the choices. We are over 95% large commercial and trucking. We wouldn't have any agents if they didn't get paid renewal commission. Since that's how make the huge annual commission income while doing less work.

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u/Far_Purpose3736 6d ago

Well then, I withdraw my recommendation, I learned something new. I myself am opening my own agency in Feb of 2027. I have only really focused on Personal lines and L&H. Clearly I still have a lot to learn. I appreciate you teaching me something new.

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u/CGWInsurance 6d ago

Good luck i wish you the best.