|
Statement on Compensation |
|
|
The Grace Group prides itself on delivering insurance and risk management 'Solutions' to our clients. Our Clients insurance and risk management interests are always placed before any other factor.
As your Independent Agent, The Grace Group represents the insurance company in this transaction and we receive commissions from insurance companies for placing your insurance with those carriers.
In some cases, The Grace Group may also receive additional compensation based on our overall relationship with certain insurance carriers for writing policies and meeting certain goals that are pre-set on an annual basis. As in other industries, compensation rewards for such things as achieving pre-set profitability goals, volume levels, growth targets, or other measures are common.
The insurance industry is a very competitive industry and we need profitable insurance companies who can provide competitive pricing for our customers. Helping insurance companies reach their goals, assures that a viable and competitive marketplace exists. Without a viable insurance marketplace, we could not provide the protection that our Clients need.
We believe in full disclosure and will be happy to disclose any compensation that we receive on your insurance.
In some cases, risk management and insurance services may be designed on a 'Direct Fee Basis' with our clients. As always, your satisfaction is our goal.
Please direct any specific questions about the Grace Group's compensation to me or any of the Grace Group's insurance representatives.
The Grace Group would like to thank you again for the confidence you have placed in us.
Sincerely,
Ted Grace
President
The Grace Group, Inc.
|
