About Us

Corporate Governance

Our compensation and commission agreements are always available to policyholders.

O'Gorman & Young, Inc. and its subsidiary, G.R. Murray Insurance (together "OG&Y"), secure and otherwise facilitate the purchase of insurance coverage for policyholder clients from a variety of insurance carriers and group benefits providers (collectively "carrier(s)") and sometimes rely on the services of other entities in connection with the issuance of such coverage. In most instances, OG&Y is primarily compensated for the insurance brokerage services that it provides to its policyholder clients through commission payments that are based on the premium charged, and paid for, by the issuing carrier for each policy secured for OG&Y's clients.

The percentage of these commissions varies by carrier and policy type. In addition, OG&Y has entered into contingent and/or additional compensation arrangements with markets based on other circumstances, including without limitation, the overall volume of premiums paid to or policies issued by or through a particular market for OG&Y's clients, the overall growth, persistency and/or retention of the premiums paid by OG&Y's clients to or through a particular market, and, in certain cases, the profitability of the total premium (i.e., claims history on the coverage) paid by OG&Y's clients to or through a particular market.

All known OG&Y compensation agreements with the markets with which it does business are, and will remain, available for all of its policyholders' review at OG&Y's main office in Chatham, New Jersey, during normal business hours Monday through Friday. However, if at any time those policyholders or their representatives have any additional questions or require any other information regarding any of the compensation received by OG&Y for any of its services, please do not hesitate to contact OG&Y's Chief Financial Officer, Richard Farnow, at 973-635-1800.