Insurance 360 is an award-winning, entrepreneur-led, and client-focused insurance distribution company providing comprehensive solutions that allow clients to pursue their goals with confidence. Our extensive resources and diverse service offerings are transforming the industry by delivering tailored and holistic approaches to insurance, risk management, and employee benefits.
At Insurance 360, our clients are our top priority. We are committed to treating you fairly and ensuring that your best interests remain at the forefront of our business decisions.
We believe in full transparency and disclosure in all our business operations. This includes providing clear and honest information about our roles in insurance transactions and the types of compensation we receive.
Like other insurance brokers, Insurance 360 earns revenue through various means, including commissions and fees from insurance carrier partners—such as wholesale brokers or intermediaries—as well as fees from clients. Our compensation structure complies with all applicable state laws and regulations.
Retail Commissions: Insurance 360 receives a commission from an insurance carrier as a percentage of the premium charged to the insured for a policy. The commission rate can vary based on factors such as the insurance product type, the chosen carrier, and the carrier's filed and approved rates.
Client Fees: Some clients opt to pay fees to Insurance 360 in addition to, or instead of, retail commissions. These fees, when agreed upon, may be offset by credited retail commissions. They are separate from retail commissions and commissions related to specialized placement services, which are paid by insurance carriers.
Insurance Company Partner Consulting Compensation: Insurance 360 may receive compensation from certain insurance carriers for consulting, data analytics, or other services that improve product offerings, identify new opportunities, and enhance operational efficiency. The scope of these services varies by carrier and region.
Contingent Commissions: Some carriers offer contingent commissions based on meeting specific performance goals, such as volume, profitability, retention, or growth. The actual contingent commission earned depends on business performance over a set period and is generally unknown at the time of policy placement.
Supplemental Commissions.Some insurance carriers provide supplemental commissions based on profitability, volume, retention, or growth thresholds. Unlike contingent commissions, supplemental commissions are known at the policy's effective date but may be paid at a later time.
Administrative and Other Service Compensation: Insurance 360 may enter into agreements with insurance carriers to provide administrative services such as claims handling, underwriting support, and managing general agency services. Compensation for these services is separate from other commissions and fees.
Additional Benefits or Compensation Insurance 360 may participate in insurance carrier training programs, promotional events, or other engagements, with costs reimbursed where permitted. Additionally, where legally allowed, we may earn interest or other income on premium accounts held with financial institutions before remittance to carriers.
Where legally permitted, The Baldwin Group earns interest and other income on premium accounts, as paid to us by the financial institutions where insurance premiums are held prior to remittance to insurance company partners and with respect to return premiums temporarily held as fiduciary funds.
Reinsurance Services Some of our affiliates provide reinsurance brokerage services to insurance carriers, which compensate them for those services. These services are independent of the insurance placements we facilitate for clients.
Specialized Placement Services Insurance 360 may earn commissions for specialized placement services that leverage our intellectual property, industry relationships, and centers of excellence to create tailored solutions for clients.
Referral Fees Insurance 360 may receive referral fees or other benefits from service providers such as premium finance companies or tax consulting firms when referring their services to clients. These referrals comply with our Privacy Policy.
For more details on our compensation structure, please contact Insurance 360.
Insurance 360 has agreements with certain insurance carriers for services such as claims administration, underwriting management, M&A due diligence, and facilitating insurance transactions. These agreements include confidentiality arrangements, data management provisions, and other operational frameworks to enhance service efficiency.
Insurance 360 uses your data per our Privacy Policy.
We may collect personal information from you or third-party sources as part of insurance applications, renewals, or other services. This may include credit history, claims history, and other relevant details. We may share necessary information with insurance carriers, actuaries, and underwriters as required by law.
We use anonymized data for benchmarking, modeling, and risk assessment tools that help clients make informed decisions. We may receive compensation for these analytics services from clients, carriers, or third parties.
For inquiries, please contact Insurance 360: Address: 400 Chesterfield Ctr E, Chesterfield, MO 63017, USAPhone: +1 (636) 724 3641Email: info@insurance-360.co
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