HSB Producer Compensation Disclosure (United States)

Producers

HSB primarily sells its insurance products and services through an extensive network of independent insurance agents and brokers, and we consider this the preferred way of distributing our products. We call these independent agents and brokers "producers."

Producers are not our employees. Producers may receive compensation from us for placing your insurance with us. This is an overview of how we may compensate producers. Not all Producers receive the types of compensation listed below and HSB does not always pay the types of compensation listed below.

Producer Compensation

HSB’s compensation system is intended to encourage producers to sell our products, to assist us in evaluating risks and servicing accounts, and to maintain a volume of profitable business with us. HSB’s compensation program primarily falls into producers receiving a base commission for business placed with HSB. In addition, from time to time, HSB may pay the following types of compensation: 1) contingent compensation; 2) fixed, value-based compensation; 3) promotional expense reimbursements; 4) fees for services. We might not pay all these types of compensation, or any compensation, to a producer who places a policy with us.

Ownership Interest in a Producer

HSB owns HSB Associates, Inc., a licensed Producer that operates in several states.

Additional Information

If you would like additional information regarding compensation arrangements applicable to your account, please contact your insurance broker or your independent insurance agent directly.

The Hartford Steam Boiler Inspection and Insurance Company and its insurance affiliates, One State Street, Hartford, Connecticut 06152