Service to be provided:

Pinnacle will develop a comprehensive Brokerage Services Agreement that will set forth the terms of the brokerage relationship between the you and the broker(s) selected to act as the your representative to the insurance companies that provide your insurance coverage.

Such an agreement will set forth all the appropriate items needed to provide for a clear and concise understanding of the terms of the brokerage relationship. The agreement will set forth your responsibilities and the broker(s); your service level expectations; the agreed upon compensation strategy and amount; termination criteria; indemnity and insurance requirements imposed upon the broker relative to Errors & Omissions; run-off services to be provided; assignability; rules of disclosure and confidentially; and a pre and post renewal time-line.

Why should such a service be considered?

Typically there is nothing more then an understanding as to the responsibilities of the broker and the client with regard to the client-broker relationship. Often times this understanding is defined over several years. This results in the client not receiving the services that they should and overpaying for the services they do receive.

Having Pinnacle develop such an agreement assures the client that there will be no misunderstanding as to the roles and responsibilities of the two parties. Furthermore, it provides for the client to begin receiving the services from the very beginning of the brokerage relationship. This maximizes the value of the commission or fees paid indirectly or directly by the client.