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FAQs

When researching agency network programs like Agents' Advantage, we know agents like to get as much information up front as they can. We have put together our most commonly asked questions to help you determine if we are the right program for your agency.

If you have a question that we do not address please do not hesitate to ASK!

Why utilize an insurance intermediary?
How is an insurance intermediary different from an insurance carrier?
What is the cost?
Who owns the book of business?
Does my agency name appear on the policy?
What are the requirements to join?
Can I participate in both the Sub Coded and Affiliate Models?
How are commissions Paid?
What states can we write in?


Why utilize an insurance intermediary?
Insurance intermediaries offer your agency the ability to offer more carriers without typical direct appointment premium volume commitments. Click HERE for more reasons to utilize an insurance intermediary.
How is an insurance intermediary different from an insurance carrier?
It can be confusing to figure out how to best equip your agency for success. Most often it is a combination of both direct and intermediary appointments. Find out the particulars on what separates these two types of relationships HERE.
What is the cost?
For you... nothing! Membership to our program is FREE! Gain access to A rated carriers at no cost! Forget Wholesaler's policy fees, Application fees, and Membership fees. Even better, don't write us a check, we'll write you one (for earned commission)!!!
Who owns the book of business?
YOU do!
You will always OWN the book of business by contract!
Does my agency name appear on the policy?
Sub Code policies will be written with your agency name. REMINDER: No matter whose name appears on the policy the BOOK is always yours!
What are the requirements to join?
In order to become a member of Agents' Advantage we require that you hold a valid license in the state(s) you wish to place business and a current Errors & Omissions policy for the entity you plan to enroll (individual or corporate). Agents' Advantage requires our members to have Errors & Omissions policies in effect with minimum limits of $1,000,000 (per occurrence and aggregate), that covers defense and indemnity. *If you need to obtain Errors & Omissions coverage, GO HERE!

*The named insured on your Errors and Omissions declarations page needs to match the agency name listed on your corporate license (if you are enrolling a corporation) . Applications that do not meet this condition cannot be enrolled until the necessary changes have been made. Agents' Advantage Inc. requires the Named Insured on your E&O reads the same as your Insurance License, for individuals and corporations.

In addition to a valid license and E&O, all members must complete our Application Packet. The Agents' Advantage Application Packet can be obtained by submitting our Join Now questionnaire.
Can I participate in both the Affiliate and Sub Coded Models?
Of course you can! Agents' Advantage offers Sub Coded members the opportunity to access our markets utilizing BOTH membership types. If you choose to participate in both the Sub Code and Affiliate models, you will gain the ability to quote, bind, and service direct at the carrier level for the markets you are sub coded with AND gain access to submit risks to be quoted with multiple carriers.
How are commissions Paid?
Agents' Advantage members have the opportunity to earn between 70%-90% of the commission received from the carrier. Members can also qualify to earn Profit Sharing on their Sub Coded books of business. Profit Sharing percentage and eligibility are based on total book size, retention and profitability.

All Sub Code and Affiliate Commissions are paid to Agents' Advantage by the carrier. By contract commissions are mailed out each month on, or prior to, the 15th of the month. Commission earned for business placed through a Sub Code typically lags about 1 month; it takes the carrier a month to pay Agents' Advantage, and we relay the commissions to the agent the same month. For Affiliate business there is typically a lag in commission of about 2 months; it takes the carrier one month to pay Agents' Advantage and a month for Agents' Advantage to reconcile the commissions in our management system and relay the money to our agents.
What states can we write in?
Agents' Advantage currently provides coverages in New York, New Jersey, Connecticut, and Pennsylvania. Agents' Advantage will give you access to any of the above states that the enrolled entity is licensed in. (Enrolled Entity refers to the name listed on your Agents' Advantage contracts.) Carriers in the program may not provide coverage in all of the states offered by Agents' Advantage.

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