Broker Commission Rates
We set our standard premiums at a level that we believe gives the customer excellent value, whilst allowing us to offer the intermediary a competitive level of commission.
We have resisted the temptation to set our standard rates at artificially high levels in order to offer artificially high commissions to intermediaries, as we believe this may compromise fairness to the customer in some situations.
Commissions are paid monthly, and are calculated as a percentage of the monthly premium the client pays, net of insurance premium tax. You will receive a report on activity together with a commission payment report. Indemnity Commission is available. Terms and conditions apply.
High Volumes of Business
If you introduce clients regularly which results in the production of consistently high volumes of business, we will be more than happy to discuss the possibility of enhanced rates of commission, through our star rating scheme.
To enable us to offer the appropriate service levels to our registered Brokers and Introduced Appointed Representatives, we have developed a simple star rating. When a Broker or an Introduced Appointed Representative registers with us from the information given in the application an appropriate star rating will be applied for the first year.
When an Introducer Appointed Representative or Broker registers with us from the information given in the application an appropriate star rating will be applied to the applicant for the first year.
On renewal of annual registration the star rating may be varied for the subsequent year depending on volumes and type of business generated.