Why Us

PENGUIN INSURANCE: Each new member will go through an initial Onboard Training, which will cover the appetite of 50+ carriers, commissions, bonuses and compliance. We provide rotating classroom training that is available in person and via webinar for your staff. These training opportunities are available to you and your staff at no cost, along with ongoing carrier support and training.

OTHER CLUSTERS: Provide No training so younger brokerages are denied or left to fend for themselves.

CAPTIVE AGENTS: We provide captive agents that want to open brokerages a real platform to lean what is necessary for success in their migration to independency.

PENGUIN INSURANCE: 50+ National Regional and Local Carriers, and growing.

ACCESS THROUGH G/A OR WHOLESALE: If you access preferred markets using a GA or Wholesale service you’re not building your carrier relationships which adds tremendous value to your agency and the ability to service your clients 24/7 – 365.

CAPTIVE AGENTS: Captive agents are growing wary with their carrier rates and lack of products for their clients. Ask Penguin Insurance today how we can help you build a successful brokerage from the ground up!

PENGUIN INSURANCE: We offer brokers and agents a preferred appointment process with the largest preferred, standard and specialty carriers in the US.

ACCESS THROUGH G/A OR WHOLESALE: No direct access, must submit Acord forms for quotes, policy changes and your agency name will not be on the policy.

CAPTIVE AGENTS: Want to offer their clients the ability to shop carriers which results in longer lasting relationships as well as they will own their own agency once they are independent.

PENGUIN INSURANCE: Higher negotiated new business and renewal commissions, ranging from 12% to 25%.

OTHER BROKER: Fixed lower commission schedule regardless of what principle earns

CAPTIVE: Lower commissions due to higher cost of captive operations and competing with too many fellow captive agents in metro areas.

PENGUIN INSURANCE: Higher negotiated new business and renewal commissions, overrides, profit-sharing and growth bonuses ranging from 12 to 25%.

ACCESS THROUGH G/A OR WHOLESALE: Fixed lower commission schedule regardless of what principle earns, no bonuses and profit-sharing and without your name on the policy.

CAPTIVE: Shrinking commissions due to higher cost of captive operations and loss ratios from inexperienced agents being on boarded all the time.

PENGUIN INSURANCE: Higher growth bonuses ranging from 3% to 10% of annual premium, potential 66% of base commissions.

ACCESS THROUGH G/A OR WHOLESALE: No growth bonuses offered.

CAPTIVE AGENTS: Have to qualify through multi line growth models.

OTHER CLUSTERS: Older clusters are no longer growing, which means no more growth bonuses and many don’t share their growth bonuses.

PENGUIN INSURANCE: We qualify for profit sharing as a group annually and disseminate bonuses proportionally to all members who contributed from dollar one. Bring your existing preferred appointments to Penguin and start participating today in Profit-Sharing.

ACCESS THROUGH G/A OR WHOLESALE: Many broker/GA/Cluster do not share their profit sharing, and the ones that do, give you very complicated schedules and much lower percentage

CAPTIVE: Very low profit sharing and very difficult to qualify.

PENGUIN INSURANCE: 100% ownership.

OTHER BROKER: No ownership to 70%

CAPTIVE: No ownership – only retirement fund/contract value

PENGUIN INSURANCE: We have a compliance department, and auditing team that review policies to help you maintain profitability and qualify for bonuses.

OTHER BROKER: No support

CAPTIVE: Varies by company.

PENGUIN INSURANCE: As you amass more and more information on your book of business it becomes increasingly important that data aids in your daily workflow rather than hinder it. EZLynx Agency Management System allows you to maximize your agency’s potential by increasing your ability to retain current customers while acquiring new business. Find all of your customer’s quotes, policies, and documents in one organized place and easily remarket with up-to-date information that is synced from your daily policy downloads.

ACCESS THROUGH G/A OR WHOLESALE: You have to buy your own management and rating system that can cost anywhere from $700 to $1500 monthly.

CAPTIVE: They can only quote, bind and issue inside the captive’s system.

PENGUIN INSURANCE: We fully disclose all of our commission schedules, bonus arrangements, and profit sharing agreements.

ACCESS THROUGH G/A OR WHOLESALE: No disclosure of principle commission and bonus levels.

CAPTIVE: Fixed commission schedule regardless of production level or how profitable carrier becomes.

PENGUIN INSURANCE: No long term contracts, No Non-Compete, you maintain 100% ownership of your book at all times. Just a 30-day notice and you can roll out with your new appointments.

Other Clusters: Annual contracts, Non-Competes and you can’t take the appointment with you.

CAPTIVE: Varies by company.

PENGUIN INSURANCE: At Penguin Insurance we believe that growing agencies are the best agencies so we have opened a company called Admin Now that has both administration and telemarketing services. Our trained telemarketing center guarantees booked appointments and many of our carriers offer co-op advertising and sponsor local events.

Other Clusters: No marketing support services

CAPTIVE: No support.

PENGUIN INSURANCE: Penguin’s team will check for alerts from our carriers and send out service notifications. We also have a loss run service, e-signature service, and more.

OTHER BROKER: No support

CAPTIVE: Varies by company.