Insurance Broker Fee Agreement Template

You can open the Insurance Broker Fee Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Insurance Broker Fee Agreement Template

Printable | Editable Form




Insurance Broker Fee Agreement Template (1)
Between:
[Name of the Insurance Broker]
[Broker’s ID]
[Broker’s Address]
[Broker’s Phone]
[Broker’s Email]
And:
[Name of the Client]
[Client’s ID]
[Client’s Address]
Introduction:
This document formalizes the agreement for fee arrangements regarding insurance brokerage services starting on [Contract Start Date].
Clause 1: Services Provided
The Broker agrees to provide the following services: [Detail the insurance brokerage services provided, including but not limited to obtaining quotes, advising on policies, and assisting with claim processes].
Clause 2: Fee Structure
The Client agrees to compensate the Broker as follows: [Specify payment amount, including whether it’s a flat fee or percentage of premiums, and payment schedule].
Clause 3: Duration of Agreement
This agreement shall commence on [Start Date] and will continue until terminated by either party with [Specify notice period].
Clause 4: Broker Obligations
The Broker shall act in the best interest of the Client, providing accurate and timely information regarding policies and coverage options available.
Clause 5: Client Obligations
The Client agrees to provide all necessary information and documents needed for the Broker to perform the services effectively.
Clause 6: Confidentiality
Both parties agree to hold confidential all information shared during the contract period, including financial details and policy specifics.
Clause 7: Governing Law
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Broker]
[Name of the Broker]
[Signature of the Client]
[Name of the Client]
Insurance Broker Fee Agreement Template (2)
Between:
[Name of the Insurance Broker]
[Broker’s ID]
[Broker’s Address]
[Broker’s Phone]
[Broker’s Email]
And:
[Name of the Client]
[Client’s ID]
[Client’s Address]
Introduction:
This agreement outlines the fee structure and services to be provided by the Insurance Broker starting from [Contract Start Date].
Clause 1: Description of Services
The Broker will offer services including but not limited to: [Detail specific services; for example, market analysis, policy recommendations, and support with claims].
Clause 2: Compensation Terms
The Client will remunerate the Broker with a fee of [Amount] calculated as [Percentage]% of the total premiums submitted or [Flat Fee], payable [Specify payment method and schedule].
Clause 3: Termination Rights
This agreement may be terminated by either party with [Specify notice period], provided such notice is given in writing.
Clause 4: Limitations of Liability
The Broker’s liability for any claims arising out of this agreement shall be limited to the amount of fees paid by the Client under this contract.
Clause 5: Dispute Resolution
In the event of any disputes arising from this agreement, both parties agree to attempt resolution through mediation before seeking other legal remedies.
Clause 6: Amendments
Any amendments to this agreement must be made in writing and signed by both parties to be binding.
Signed in [City], [Date].
Sincerely,
[Signature of the Broker]
[Name of the Broker]
[Signature of the Client]
[Name of the Client]

Form

Please complete the form below to create the Insurance Broker Fee Agreement Template. All fields must be filled out to ensure a comprehensive and clear agreement. We provide examples to guide you through each step.

Insurance Broker Fee Agreement Template

1. Broker Information


2. Client Information


3. Agreement Term

4. Scope of Services

5. Fees and Compensation

6. Payment Terms

7. Confidentiality Clause

8. Termination Conditions

9. Dispute Resolution

10. Signatures and Acceptance

11. Declaration and Signatures




PDF


WORD

Printable

Insurance Broker Fee Agreement Template

Printable | Editable Form




Insurance Broker Fee Agreement Template