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Sally Said:

what is the industry average commission rate of a commercial insurance agent?

We Answered:

LOL 40% I WISH.

It's related directly, by line of business. For workers comp, it starts at 7% on average, for that first $1,000 of premium, and the larger the policy gets, the smaller the commission gets, down to about 3%. Remember, commisions are a percentage of the PREMIUM dollars paid, not the coverage amount.

For standard lines, property, commercial auto, inland marine, general liability, will all get you around 15%. Commercial umbrella/excess runs between 7 1/2 and 10%. Bonds run around 30%. For nonstandard/nonadmitted business, it's about half that.