How We Get Compensated

Thank you for your business. As your Independent Insurance Broker and risk advisor, we purchase insurance products & services on your behalf that are available, affordable, and understandable.

Our role is to provide you with the best risk advisory value for your insurance placement which combines coverage, insurance company service, and price. AVID provides personalized, quality service that includes advice on transferring your risks to insurance companies. We also help you with ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.

Brokerage compensation can be a percentage of the insurance premium that you pay in the form of a commission or a fee or combination of the two. For your benefit, we have listed below different types of insurance that we place and have included the range of compensation each provides as a percentage of your overall premium.

Commercial Automobile 10% to 12.5%
Commercial Property 12.5 to 20%
Directors & Officers 15% to 20%
Errors & Omissions 15%
Umbrella Liability 15% to 20%
Commercial General Liability 15% to 20%
Package Policies 15% to 20%
Personal Automobile 10% to 12.5%
Personal Property 15% to 20%

This commission percentage is paid annually for both new business and renewals.

Should there be an increase in the commission schedule we receive from your insurer, or, any other material change that affects compensation arrangements, we will notify you.

In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. Insurers recognize our efforts through a Contingent (Profit) Commission contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go to the individual company’s website.

AVID Insurance & Risk Management Inc.
Nancy J. Barkley, President