Insuring Businesses & Individuals Since 1890

Hours of Operation: Monday – Friday 8:30 am – 5:00 pm
Summer hours July – August | Friday early close 4:00pm

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HDSegur Signum

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Disclosure Statement

DISCLOSURE STATEMENT
How H.D. Segur Receives Compensation

The vast majority of our compensation is Commission paid to us by insurance companies for the placement of new and renewal policies. Some of our customers pay us Consulting Fees directly. We may also receive Other Compensation, including bonuses paid by insurance companies. Below is a more detailed description of the types of compensation we receive.

Commissions - The majority of our compensation is in the form of commissions paid to us by insurance companies. Commissions are a percentage of the policy premiums and vary by insurance company, policy type, and whether they are for new or renewal policies.

Consulting Fees - Some of our customers pay us a consulting fee for risk management/insurance services, which may include the placement of insurance. When we accept a consulting fee, we do not accept commissions or Other Compensation related to the issuance of these policies; unless otherwise negotiated and specifically agreed to in writing with our customer.

Other Compensation - Some insurance companies may pay us additional compensation, including contingent commissions, bonuses and expense reimbursements based on overall performance, including, but not limited to, new business activity, quality of submissions, loss experience, and the amount of business placed with the insurance company.

In addition to these methods of compensation, on occasion we may also earn interest income due to the way certain policies are administered by the insurance companies. Some of our insurance policies are "Agency Billed". This means that the insurance companies bill us (the agency) and we bill the customer. In this case, we collect the premiums directly from our customers and then pay the insurance company as required. In some instances, we may earn interest on the money held in our bank account prior to paying the insurance company.

It is our agency's commitment to provide our customers the highest level of professional service. If you have any questions, please do not hesitate to contact your Account Executive or any Department Manager or Agency Partner