30+ manufacturing risk leaders provided feedback on their approach and strategy for brokers' fees.
A few key findings:
- Only a fraction of companies experienced changes in fees – 38% of respondents saw fees change compared to the prior fiscal year
- Fee is most common compensation approach – 88% of companies provide a fee or a combination (including a partial fee), which is typically less than 10% of the premium for the services.
- Fees often negotiated without metrics – 68% do not use any metric to determine the amount of the fee.
