A message from the Chairman

To our Valued Clients,

Rose & Kiernan, Inc. is committed to compensation transparency.

In addition to commissions or fees fully disclosed in our commercial insurance proposals, Rose & Kiernan is eligible for “contingent commissions” from many of the insurance companies we represent.  

Contingent commissions have been a standard insurance industry compensation method for over 50 years. They are designed by insurance companies to provide incentive to their agents and brokers to maintain and grow their relationship with clients that have a profitable risk profile. In general, insurance companies budget up to 2% of their written premium to provide for these incentives in lieu of an increased commission on the annual premium. This compensation is standard industry practice for many property and casualty lines of coverage including personal lines (homeowners and auto), and small and middle market business commercial lines. Most insurance companies do not provide contingent commission on insurance programs designed for large employers.

Virtually all property and casualty agents and brokers, including Rose & Kiernan, currently participate in these plans. We strongly believe and are committed that these agreements have not and will not compromise our ability to recommend the best insurance solutions for our clients. The employees of Rose & Kiernan who have the responsibility to negotiate and bind insurance coverage with the insurance companies that we represent are salaried insurance professionals; they receive no incentive compensation based on carrier relationships, including the performance of contingent commission plans.

Following this message is a listing of the insurance carriers that currently have such plans in place with Rose & Kiernan. We remain committed to the disclosure of our insurance company compensation agreements, and welcome any questions or comments from our valued clients.

As these plans may change in future years, you can take confidence in knowing that any updates in our compensation methodologies will be promptly disclosed.

Thank you for allowing us to serve your insurance needs.

John F. Murray, Jr.

Chairman and CEO