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Barney & Barney is compensated through commissions paid by insurance
companies and/or fees paid by our clients. We also have "contingency"
agreements with some property/casualty and employee benefit carriers.
These agreements are based upon business volume and/or underwriting
results of the overall book of business and not tied to a specific account.
These contingency payments are not guaranteed and have historically
amounted to roughly one-half of one percent of total premiums placed.
Barney & Barney recommends insurance carriers to our clients based on
cost, coverage, service capability and financial security -- not based on the
existence of contingency agreements. It has always been our practice to
leave the final selection of insurers to the discretion of our clients.
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