Insurance brokers and carriers are constantly adjusting their agency compensation plans, whether it's fine-tuning their commission rates, adjusting bonus thresholds or creating other unique perks. These factors can affect both the production and retention of agents.
The latest Insurance Speak podcast features a conversation with Seth Preus, founder of Mivation, who offers insights into what comprises a good compensation plan, highlights mistakes companies should avoid and shares ideas for unique benefits to include in plans.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
