I just started working with an insurance company to make cold calls to set up appointments for the agents. What is the standard procedure for the insurance industry? How much is typically paid per appointment made & what is the typical percentage amount paid to me once a policy is sold?
What is the Typical Commission Rate And/or Structure for Making Cold Calls for an Insurance Agency?
Wed, Nov 18, 2009
3 Responses to “What is the Typical Commission Rate And/or Structure for Making Cold Calls for an Insurance Agency?”
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November 18th, 2009 at 9:57 am
You can’t get paid on the sale, legally, unless you have a license. Even if you didn’t actually close the sale.
Leads, I don’t have any clue. Usually the producer does the cold calling themselves, and the appointment setting, in exchang for their commission.
November 18th, 2009 at 10:56 am
Agent doesn’t have to give you commission if you are not licensed to sell insurance. Tough situation; I would not be involved with.
November 18th, 2009 at 11:48 am
It’s a touchy situation since all you can do is gather information and get people interested in a quote. Typically you will be paid a small hourly wage and then a per appointment/quote request. A typical price is $1-3 per quote or up to $10 for a kept appointment.