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2700 Tremainsville Rd.
Toledo, OH 43613
Office
Hours:
9am - 5pm,
Mon - Fri
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How We Are Compensated
Payak Insurance is compensated through commissions paid by insurance
companies or through fees paid by our clients. In certain cases,
when appropriate, we receive both forms of compensation.
Payak also has profit sharing agreements with some of our property &
casualty and employee benefit carriers. These agreements provide
additional payments based upon several factors including the
business volume, growth, retention, and underwriting results of the
total business we place with a company. They are not related to the
business of an individual client.
Contingency payments are not guaranteed. Historically, they amount
to about one-half of one percent of total premium volume.
The long-standing policy of Payak Insurance is to put the best
interest of our clients first. We recommend specific coverages and
companies based on our clients' individual needs. Our
recommendations are never based on the existence of contingency
agreements.
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