|
Benefits
As part of CropUSA's compensation package,
agencies will be eligible for the maximum commission and profit sharing percentage
allowed by the Risk Management Agency (RMA). For those agencies that qualify,
CropUSA also provides E&O insurance and offers affordable health
care and dental coverage.
All benefits will be subject to RMA Bulletin
MGR-10.011.1.
Commissions
Our philosophy is to offer top commissions
to our partners. We negotiate for the top commissions and we pass this benefit on to
you. Our profits come from administrative and profit sharing allowances for
bringing good business to our insurance company partners.
Read More . . .
Profit Sharing
Alliance members may be able to share in the
profitability of their business based on premium commitment and loss ratios.
E&O Insurance
Alliance members may qualify to be covered under
the CropUSA E&O policy.
Read More . . .
Health Benefits
Qualifying agencies are eligible to participate
in CropUSA benefit plans including health, dental and life insurance, as well as a 401(k) profit
sharing plan.
Read More . . .
Commissions
MPCI Policies
Base Commissions are now limited as a
percentage of the Federal A&O (Administrative and Operating Allowances) and LAE
(Loss Adjustment Expense) paid by the RMA to the SRA holder.
Your MPCI commissions will be structured based
on premium volume commitment and location of your crop business.
Your agency may qualify for advance commissions
and profit sharing plans as well.
Crop-Hail Policies
Crop-Hail commissions vary from 10%
to 18% depending upon the rating and type of product.
Other Insurance Products
CropUSA provides access to other insurance
products, such as P&C and life coverage. The commissions on these products
will vary based on line of coverage.
E&O Insurance
Our policy is a claims made form
with cover available as of the date that you contract with CropUSA. The
policy covers only crop insurance and crop-hail insurance. The pricing
and acceptance of coverage for your agency will be based on premium volume,
industry experience and loss history.
If you have any questions, please
feel free to contact JoLee Duclos at 800-635-1519.
Health Benefits
Group Health Insurance. Qualified agencies
are eligible for the CropUSA group health insurance plan after a
three-month waiting period. You are not subject to underwriting for this group
plan, but pre-existing condition waiting periods will apply for up to a year if you
do not have current coverage. Deductible choices from $1000. Health
Savings Account plans are also available.
Group Dental Insurance. Qualified agencies
are eligible for the CropUSA group dental plan after a three-month
waiting period. The coverage is a standard PPO plan with tiered benefits
depending on the procedure being performed.
Group Life Insurance. Qualified agencies
are eligible for group life insurance coverage after a 30-day waiting period. The
face amount of the coverage is dependent upon commissions and will be determined
after the partner agency is eligible to apply. The plan is a group-life
term policy.
401(k) Profit Sharing Plan. Qualified agencies
are eligible to enroll in the CropUSA 401(k) profit sharing plan during an open
enrollment period for the plan following a three-month waiting period.
Contact our Agency Manager, Diane Whisner,
at 800-635-1519 for more complete details about the individual plans and eligibility guidelines.
|
