Compensation Disclosure Notice For TechInsurance
TechInsurance does business with multiple insurance companies and normally can offer
you a variety of coverage choices. As a result, we can assist you in securing the
combination of coverage, price, and service that best fits your needs. This disclosure
notice is intended to identify the various methods by which we are compensated and
how these compensation methods are determined.
Some agencies bill service fees in addition to commission income. TechInsurance
does not charge you any fees for placing your policy, except, when quoted, a fee
for the filing of surplus lines taxes, if required.
We are compensated on a commission basis by the insurance company that writes your
insurance. This commission percentage is set by the company, not by us, and is included
as a part of the insurance premium you pay.
TechInsurance may also be eligible to receive various forms of incentive compensation,
including contingent commissions and other awards and bonuses. This incentive compensation
is based upon a variety of factors that may include the volume, growth, profitability,
and retention of business we place or other performance measures established by
the individual insurers with whom we do business. It is usually impossible to know
at the time we place any individual policy whether that policy will contribute to,
or detract from, our potential eligibility for future additional compensation from
We assure every client and every prospective client that our decisions with
respect to placement of your insurance have always been and will continue to be
guided by the best interests of our clients.
If you have any questions or if you would like additional information about any
aspect of the compensation we earn on your account, please contact your client service
1301 Central Expy South, Suite 115
Allen, TX 75013
800 668 7020