01 Continually set a high standard — lead by example, be aware of how you’re perceived by other associates. 02 Fully accept the responsibility of the new business and renewal strategy and client commitments. 03 Be accountable, work “hard” all the time, be fiercely aggressive, and results oriented. 04 Appropriately use company resources with results in mind. 05 Be an involved, enthusiastic, and visible leader. 06 Be part of the business community including civic and charitable involvement. 07 Maintain a high level of business acumen and insurance industry professionalism. 08 Develop a network of business relationships. 09 Support fellow Producers. 10 Know and live the Lockton philosophy. Our Producer compensation model W-2 tax estimate Commission income $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $2,000,000 Tax estimate — 37% $185,000 $277,500 $370,000 $462,500 $555,000 $740,000 K-1 tax estimate Commission income $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $2,000,000 Business expenses -$90,000 -$130,000 -$173,000 -$215,000 -$260,000 -$350,000 Gross business income $410,000 $620,000 $827,000 $1,035,000 $1,240,000 $1,650,000 Tax estimate — 29% $118,900 $179,800 $239,830 $300,150 $359,600 $478,500 Estimated tax savings $66,100 $97,700 $130,170 $162,350 $195,400 $261,500 Lockton Producer commandments 5 Lockton Companies |
