What to Ask Before Joining an Agency Group

December 1, 2014

Premium Aggregation

  • How is contingency revenue shared?
  • How is contingency/profit sharing managed to protect individual agents?
  • Will the network, cluster or aggregator provide you with a personalized aggregation model using your agency’s data?
  • Are overrides or “special deals” shared with participating agencies?
  • Markets, Commissions & Fees

  • Which carriers work with the agency network, cluster, aggregator or group?
  • How do participating agencies access available markets? Directly? Through another participating agency or placement facility?
  • How do the commission splits work? Are there various levels? Can you receive 100 percent commission?
  • What are the production requirements for participating agencies?
  • How does the agency network, cluster, aggregator or group manage overall production requirements of participating carriers?
  • What are the fees? How are they applied?
  • Support & Services

  • Beyond premium aggregation and carrier access, what additional services and support do the network, cluster, aggregator or group provide to participating agencies?
  • Separating from a Group

  • How difficult is it to leave the agency network, cluster, aggregator or group after you join?
  • Are there penalties or additional fees?