Access Without Compromise
Does PIIB take any ownership in my book of business?
PIIB takes no ownership of affiliate agencies or books of business
Does our agency have access to all 45 markets?
Affiliates do not have access to all of PIIB's markets, a PIIB representative will assist your agency in a company selection to find the best appointments for your agency. The agency will make a modest production commitment to each carrier. A typical production requirement is $100,000 in premium within 2 years, substantially lower than what would be expected on your own.
Why are volume commitments required?
Two of the most important advantages of PIIB's model compared to other networks are:
- Direct Access
- Low Fee
Both of those characteristics are supported by the use of sub codes, which are an expense to our companies. In return our affiliates agree to minimal volume requirements to cover those costs.
What are the benefits of making a production commitment to receive a sub code?
With our direct access model you work directly with the carrier and underwriters, we have no central marketing you are never placing business through PIIB. A sub code allows commissions and mail to filter to your office with your agency name showing on the policy. It is ultimately your appointment; it is just connected to PIIB's master code.
How does PIIB's fee structure work?
All affiliates pay a flat monthly fee of $850 and a startup fee of $5000 which is split into two installments of $2500. The first payment due at contract signing, the second will be deferred to your first profit sharing payment. You keep 100% of the commission and we pay you 90% of the profit sharing.
Stromsoe Insurance Agency
Since we joined forces with PIIB 6 years ago, our business has continued to substantially grow. But being a PIIB member means more than growth. It means incredible leverage with our carrier partners, financial security through the contracts negotiated by PIIB and ultimately results in a better life for my family and the families of my agency teammates.