As a leader in the specialty insurance market, Bayside Capital & Insurance Brokerage, LLC always places our client’s best interests first. In addition to our dedication in finding the best coverage values, we have maintained a policy of transparency in fiscal issues as they relate to our client relationships.
Our compensation is derived though industry standard commission structures with insurance companies as well as premium finance companies, it may also be supplemented with client-based fee arrangements.
Our commissions from insurance companies, premium finance companies and intermediaries are often augmented with incentive payments (also referred to as overrides or contingency payments) for items such as aggregate totals, profitability and persistency. Our client fee billing is typically a mutually agreed upon amount that is variable dependent on our value-added services. On trust accounts maintained by us to hold future premiums and other financial equities, the deposits may generate interest which is also retained by us.
We are trusted to place our client’s interests first and foremost and are pleased to disclose financial details of our remuneration to any of our valued clients arising from their policies upon request.