Insurance Commission

Insurance commission refers to the fee or percentage that insurance agents or brokers earn for selling insurance policies. When a policy is sold, the insurance company pays the agent a commission as compensation for their work in helping clients choose the right coverage. This commission can vary based on the type of insurance and the specific agreement between the agent and the insurer. It serves as an incentive for agents to find suitable policies for customers, ensuring that clients receive the coverage they need while agents earn a living from their efforts.