Employment Contract – Insurance Agent
A written Contract of Employment should be used for the employment of an insurance sales consultant. The agreement includes a Remuneration Schedule that can be changed and updated to reflect the commission structure and payment terms.
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Summary If you operate a business that needs to employ Insurance Sales Consultants then a written contract of employment should be used. This editable template agreement provides for a probation period and includes a Remuneration Schedule that details the commission structure and payment.
Why do I need an Insurance Agent Employment Contract? South African labour law is clear about the need for a written employment contract. Section 29 of the Basic Conditions of Employment Act requires that every employee must be appointed in accordance with a written employment agreement. A written contract of employment also helps to establish the parameters so that the employee knows what his/her rights and responsibilities are.
Who should use an Insurance Agency’s Employment Contract? If your business employs insurance agents on a commission basis, then a written employment contract should be used. There is a Remuneration Schedule attached to this document that can be edited and updated to reflect the insurance sales consultant’s commission structure.
What does this agreement say? The template agreement consists of: the employer and employee’s details; commencement of employment and probation period; remuneration; pension and medical aid; employee’s duties; working hours; leave; termination.
What does the contract look like? This insurance agent employment agreement can be printed onto eleven pages.
What do you need to do to use the contract?
- Read the template document to determine if it suits your requirements. Make any changes that you may require.
- Add in the relevant details as indicated as blanks in the document, sign the agreement, and get your new insurance sales consultant to sign as well.
- Note: it is also advisable to implement a set of Policies and Procedures in your workplace, detailing various other company policies and procedures and general employment conditions that are not covered in the Employment Contract.
Appointing a new employee – what documents do I need?When you’re appointing a new employee the following documents may be considered:
- Contract of Employment (this is a legal requirement)
- Job Description
- Employee Secrecy Undertaking
- Restraint of Trade
- Employment Policies and Procedures
Are you looking for a contract of employment template for insurance agents? Look no further than Agreements Online! Feel free to browse the Employment Documents on our website for more employment documents and template agreements.
If you are needing examples of employment contracts, you can also view our Employment Contracts Pack.
Also known as: Terms of Appointment; Conditions of Employment; Employment Agreement; Contract of Employment; Terms and Conditions of Employment; Insurance Agent’s Employment Contract
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