Insurance Broker and Independent Insurance Agent Compensation Domestic Property and Casualty Insurance Business

Product Liability Insurance

The commission ranges set forth below are applicable to all Product Liability Insurance Policies. 

The ranges are based on the commissions paid for all Product Liability Insurance Policies. Commissions paid on any particular policy of insurance are based on a variety of factors and there may be dollar amounts or percentage commissions paid that fall outside of the ranges referenced below.

Your insurance broker or independent insurance agent can provide additional information about specific compensation they may receive in connection with the issuance of your policy.

New Business
    • Low
    • Mid
    • High
    • 5%
    • 18%
    • 25%

Additionally, 90% of commissions paid on products within this line of business fall within the following range.

    • Low
    • Mid
    • High
    • 10%
    • 18%
    • 25%
Renewal Business
    • Low
    • Mid
    • High
    • 5%
    • 17%
    • 25%

Additionally, 90% of commissions paid on products within this line of business fall within the following range.

    • Low
    • Mid
    • High
    • 10%
    • 17%
    • 25%

The commission percentages shown represent business written during the year ending December 31, 2007, and are updated annually. The ranges shown may not reflect historic commission rates for all in force policies and do not include policies issued after December 31, 2007. Transactions with no commission have been eliminated from the data used to prepare these ranges because insurance producers may have received compensation directly from the insured.

AIG Companies may also have reimbursed certain expenses of insurance brokers and independent insurance agents who place personal lines business including loss control services. In 2007, these payments ranged from 0-1% of the total premium placed by these insurance producers during the calendar year.