Commission
What Is Commission, and Does It Affect My Premium?
In the context of insurance, a commission is compensation paid to agents and brokers for selling a policy. It’s their incentive for doing a great job of connecting you with the right insurance company — like a “thank you” in dollars!
Commissions are standard in the insurance world, but Insurance Canopy does it a little differently.
Did you know? Our 5-star-rated customer support team is made up of licensed, non-commissioned insurance agents.
Their top priority is simply to help guide you to the protection that’s in the best interest of your business, without overpaying for coverage you don’t need. Learn more about Insurance Canopy’s values, mission, and vision.
Do Commissions Affect My Premium?
Commissions do not affect how much you pay for insurance — they’re built into your premium costs. You don’t pay extra for an agent’s help.
Here are some facts vs. fiction about insurance commissions:
| True | False |
|---|---|
|
✅ Commissions are a standard way agents and brokers earn money for helping you get coverage. |
❌ Commissions are always an extra cost you pay on top of your premium. |
|
✅ The commission amount is usually pre-included in your premium. |
❌ Agents only recommend policies that pay them the most commission. |
|
✅ You can ask your agent or broker how they’re compensated if you need clarification. |
❌ Commissions mean you’re overpaying for insurance. |
|
✅ Some agents are paid a flat fee instead of a commission. |
❌ Skipping an agent means you can find a better price or policy on your own. |
For many small businesses, Insurance Canopy offers ready-to-buy policies online. No broker, no commissions, just straightforward coverage.
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