Southtowns Record

TB 2026-01-07 Agenda Packet

Government
Town of Boston
Board
Town Board
Meeting
Jan 7, 2026
Posted by publisher
May 22, 2026
Kind
Agenda packet
Topics
Budget and taxes, Zoning and land use, Water, sewer and drainage, Public safety, Parks and recreation, Audits and oversight, Roads and traffic, Short-term rentals

Original document

Same meeting

Text · page 112 of 139

Read the whole document on one page (all 139 pages, each with its own heading)

Town of Boston

Bindable Quotations & Compensation Disclosure Schedule

  Gallagher U.S.
  Wholesaler,
  Owned
  MGA, or  Est. Annual
 Coverage  Insurance Company  Wholesaler, MGA,
  Intermediary  Premium²
  or Intermediary %
  Name¹
  and/or Fee
 Package Policy  NYMIR  N/A  74,160.00  N/A
 Auto Policy  NYMIR  N/A  20,732.00  N/A
 Excess Liability  NYMIR  N/A  3,882.00  N/A
 OCP  NYMIR  N/A  275.00  N/A
 Cyber  Spinnaker  Amwins  2,822.00  295.00

1 We were able to obtain more advantageous terms and conditions for you through an intermediary/ wholesaler.
2 If the premium is shown as an indication: The premium indicated is an estimate provided by the market. The actual premium and
  acceptance of the coverage requested will be determined by the market after a thorough review of the completed application.
 * A verbal quotation was received from this carrier. We are awaiting a quotation in writing.
3 The commission rate is a percentage of annual premium excluding taxes & fees.
 * Gallagher is receiving ___% commission on this policy. The fee due Gallagher will be reduced by the amount of the commissions
  received.

  Note: When placing business with insurance companies, Gallagher Companies receive commission based on negotiated
  contractual terms with those carriers. The commission rate is a percentage of the premium excluding taxes and fees. Major lines of
  coverage, and their typical range of commissions are listed below. If you wish to receive more details on actual compensation paid
  to Gallagher Companies, please contact your Gallagher representative.

    Accident & Health: 15-25%    Casualty: 14-15%    Package / Business Owners Package: 15-16.8%
    Aviation: 14-15%    Commercial Auto: 12.5-15%    Professional Liability: 12-16.5%
    All Other Commercial: 10-20%    Inland Marine: 20-22.5%    Property: 15-22%
    Bonds/Surety: 30-35%    Ocean Marine: 15-17.5%    Workers Compensation: 8-11%
    Builders Risk: 15-18%