Product/Service

1998 Owner & Producer Compensation Survey

Source: Business Management Group (BMG Consulting)

Are you offering an attractive compensation package in comparison to your competition
Are you offering an attractive compensation package in comparison to your competition?
By popular demand, BMG embarked on a comprehensive examination of compensation and incentive plans for owners and producers in independent agencies throughout the country. The majority of the agencies are Property & Casualty focused. The data, which was collected in 1998, is grouped by agency size, geographic region, and suburban/urban/rural location. Agencies throughout the country participated in this extensive survey.

A line by line comparison
This survey breaks out producer compensation and commission rates by line of business – commercial, personal, life and health.

Producer comparisons
Find our what other agencies look for in new and seasoned producers. This report contains information such as expected annual new production form producers, average length of time for a new producer to become profitable, and average book of business for seasoned producers.

Owner comparisons
Find out what methods are used to determine owner compensation – agency growth, personal production, agency profit? See how your compensation compares with that of other owners.

With your copy of this report, you can compare your compensation practices with those of your peer agencies and be well informed when making decisions about new hires, merit increases, incentive programs, commission percentages and more!

Cost: $85

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Business Management Group (BMG Consulting), PO Box 4187, 690 Asylum Avenue, Hartford, CT 06147-4187. Tel: 800-722-0208; Fax: 860-547-6474.