Pricing
What Insurance Costs (and Why)
What drives premium, the typical ranges by line of coverage, and how agent compensation works.
Premium is not arbitrary. Carriers price on a small number of inputs (revenue, headcount, industry, claims history, controls) and agent compensation is structured around the placement, not the renewal cycle.
What to expect
How it works
- Premium drivers: revenue, headcount, industry, claims history, risk controls
- Typical ranges: E&O for small firms often starts in the low four figures; cyber follows revenue and PII volume; GL is the most stable line
- Agency: most lines pay commission to the agent (built into the carrier rate); some specialty placements are fee-based and disclosed up front
FAQs
Common questions
- Why does premium go up at renewal even if I had no claims?
- Carriers re-rate annually based on their book-wide loss experience. Even a clean account can see a 3 to 10% rate move in either direction. We will re-market if the move is out of line.
- Do you charge a separate fee?
- Most P&C lines pay the agent commission baked into the carrier rate, so no separate fee. Specialty placements that are fee-based are disclosed before we proceed.
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