Gateway Personal Property
Personal Property and/or liability coverage
Our Role and Compensation
Mercer Health & Benefits, LLC a leader in business transparency, is committed to complete disclosure of the compensation we receive from the insurance companies for the services we perform on your behalf and that of your affiliated organization.
Mercer Health & Benefits, LLC facilitates the placement of insurance coverage on behalf of our clients. In addition, please note that we may utilize a third party to gain access to insurers that we do not have direct access to in the insurance marketplace.
In accordance with industry custom, we are typically compensated through commissions that are calculated as a percentage of the insurance premiums charged by insurers. We may also receive additional monetary and nonmonetary compensation from insurers, or from other insurance intermediaries, which may be contingent upon volume, profitability, or other factors. This compensation may include payment from insurers for marketing related expenses or investments in technology.
We will provide you additional information about our compensation and if applicable, information about alternative quotes obtained, upon your request.
We will provide you additional information about our compensation
by calling 1-888-206-5088.
Expenses are incurred in the administration of all insurance plans (marketing and communications, billing and collecting premium, payment of claims benefits, responding to customer inquiries, and compensation in the form of commission for agents or companies who provide these services), and these are included as part of the premium rate structure.
The premium quoted includes compensation of 20.00% from Lloyd's of London received by Mercer for providing services that may include enrollments, ongoing servicing, billing and communications. XN Financial is the managing general underwriter for and paid directly by Lloyd's of London. All marketing expenses associated with this program are paid by Mercer. These rates are subject to change and will be updated promptly upon such changes.
Where permitted by law, when Mercer Health & Benefits, LLC conducts
billing and collection of premium, we may also earn and retain interest
income on premiums held by Mercer Health & Benefits, LLC on behalf
of insurers during the period between receipt of such payments from
clients and the time such payments are remitted to the applicable
insurer. If you utilize premium financing when available, additional
fees may also be earned which will be disclosed at the time premium
financing is offered.
Marsh & McLennan Companies, Inc. and its subsidiaries which include
Mercer Health & Benefits, LLC own equity interests in certain insurers and wholesale
brokers. Information regarding such interests is available at
www.mercer.com/transparency. Information on material ownership, if any, that a quoting insurer has in Marsh & McLennan Companies or its subsidiaries is available upon request.
Mercer is prohibited by law in most states from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance.1