Small Business Insurance Brokers Program
Definition of "Small Business"...
- Any company with annual sales of less than $250 million including sales consolidated with the parent company; OR
- Entities with no revenue, such as newly formed companies whose stockholders equity is less than $67 million
Commission:
- 15 percent of the premium paid by the investor
- Paid per year for the life of the contract
- Total commission capped at $100,000 per small business prospect
- Payable upon receipt of first year’s premium
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