Compensation Disclosure

We highly value your business and our firm takes pride in the service we provide to you. Acting as an independent insurance agent or an insurance broker, we are able to offer you excellent service and competitive prices because we can access insurance coverage, in most cases, from more than one insurance company. The ability to access multiple insurance companies allows us to offer you a variety of coverage choices and to customize a plan to meet your specialized needs.

In most cases, our firm is compensated on a commission basis by the insurance company that writes your insurance. This commission percentage is set by the insurance company, not by us, and is included as a part of the insurance premium you pay.

If the overall volume and loss experience of all the policies we write with a particular company warrants it, we may qualify for other types of compensation, on a basis determined by the insurance company and paid by them. Any such compensation is factored into the overhead of the insurer and does not otherwise have any impact on the price you pay for insurance.

When acting as your broker, the processing of an insurance transaction may require a broker fee. The fee, if charged, will be fully disclosed to you. The broker fee is fully earned and non-refundable. In addition to a broker fee, we may receive a commission from the insurer.

We welcome your inquiries if you desire more information about the compensation we receive. Please contact us at 310-373-6441 or ins@olsonduncan.com for information, or click here to use our contact form.