Insurance Broker Agreement
Insurance broker services contract defining policy placement duties, commission structures, client representation scope, and professional liability coverage for insurance intermediaries.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Business owner hiring broker for commercial insurance coverage shopping
- Individual engaging broker for personal insurance policy comparison
- Professional organization using broker for group insurance purchasing
- Municipality contracting broker for public entity insurance procurement