Revised: August 1, 2025

Champion Risk & Insurance Services is compensated in a variety of ways, including commissions and fees paid by carriers – which may include wholesale brokers or other intermediaries – and fees paid by clients. Champion Risk & Insurance Services may receive compensation through one, or a combination, of the methods listed below in compliance with applicable State laws and regulations.

Retail Commissions: A retail commission is paid to Champion Risk & Insurance Services by a carrier as a percentage of the premium charged to the insured for the policy. The amount of commission may vary depending on several factors, including the type of insurance product sold, the carrier selected by the client, and when applicable, the carrier’s filed and approved rates. Retail commission rates may vary from transaction to transaction.

Client Fees: Some clients may agree to pay Champion Risk & Insurance Services fees for its services in lieu of, or in addition to, the retail commissions. When specifically negotiated and agreed to with the client, fees may be collected in whole or in part through the crediting of retail commissions. These fees are separate from retail commissions and commissions with respect to specialized placement services, which are, in each case, paid by carriers.

Carrier Consulting Compensation: Champion Risk & Insurance Services may receive compensation from some carriers for providing consulting, data analytics, or other services, unrelated to the placement of individual insurance policies. The services are designed to improve the product offerings available to our clients, assist carriers in identifying new opportunities, and enhance carriers’ operational efficiency. The scope and nature of the services vary by carrier and by geography.

Contingent Commissions: Some carriers agree to pay Champion Risk & Insurance Services contingent commissions if we meet certain goals for insurance policies placed with them during a given year or other time period. The goals may include volume, profitability, retention and/or growth thresholds. The amount of contingent commission earned may vary depending on factors relating to an entire book of business over the course of the applicable period. As a result, the amount of contingent commission attributable to any given insurance policy typically will not be known at the time of placement.

Compensation for Carrier Administration and Other Services: Champion Risk & Insurance Services operates certain panels, facilities, quota shares and other placement arrangements with some carriers. Champion Risk & Insurance Services receives separate compensation for administering these arrangements in addition to any other fee or commission earned by Champion Risk & Insurance Services.

Other Benefits or Compensation: Champion Risk & Insurance Services may, from time to time, participate in carrier promotional events or employee training and development provided by carriers. Champion Risk & Insurance Services may be reimbursed for its costs related to such engagements.

Claims Services: Champion Risk & Insurance Services may be compensated for the handling and adjusting of claims by carriers.

Referral Fees: Champion Risk & Insurance Services may receive compensation in the form of a fee, payment of other rewards, or benefit from other insurance producers or ancillary service providers, including, but not limited to, premium finance companies and tax consulting companies, for referring their services to our clients. Any such referrals are in compliance with Champion Risk & Insurance Services’ Privacy Policy.

For more information on Champion Risk's compensation or our contractual arrangements with carriers, please contact your Service Team.