Transparency & Disclosure
Thank you for trusting York International Agency, LLC with your insurance needs. It is our goal to provide you with cost effective and comprehensive risk protection through expert guidance during the insurance placement process. York is an independent insurance agent, which means we have the ability to place insurance with a variety of insurance companies, resulting in the best combination of coverage, price, and service for your unique situation.
We feel that it is important that you understand how we are compensated for the work we do on your behalf. We are paid on a commission basis by the insurance company that writes your policy. This commission percentage is set by the company, not by York, and is included as a part of the insurance premium you pay. In addition, if the overall volume and loss experience of all the policies we write with a particular company warrant it, we may qualify for additional (or bonus) commission or other types of compensation, on a basis determined by the insurance company and paid by them.
Our agency’s compensation might also include incentives in addition to standard commissions. This compensation is known as “profit sharing” and is paid at year-end, based on a combination of business written, profitability, and retention throughout the year. We do not know if we will be receiving this additional compensation at the time an individual policy is written.
We want to assure you that our first priority remains protecting you, your business, and your family through managing your risk and placing your insurance coverage with the carrier that best meets your needs. We would be happy to provide you with further details about our services, our relationship with your insurance company or our compensation from said company. We are delighted to have you as a client and welcome any suggestions that you have to assist us in serving you better. We appreciate your business.