Charges

As a broker, we earn money for our services in two ways.

• Firstly, commission paid from the insurer.
• Secondly, the administration fees added to your policy paid for by the customer.

We believe it is important to be transparent with our customers about how much we earn when placing insurance on their behalf and you can ask us at any time during your relationship with us to clarify these amounts.

To operate as an independent insurance broker in the UK, we need to maintain a certain level of income to ensure that we can pay not just for our staff (including training and to reward for their expertise), all equipment, office space and regular business overheads, but we must also ensure that we can pay regulatory fees to the Financial Conduct Authority.

Administration Fees

The administration fees we are charging are below:

New Business:

• Online changes: £0
• Telephone changes: £45

Changes mid-term:

• Online changes: £25
• Telephone changes: £45

We charge more for changes over telephone as they require more work for our staff.

Cancellation charges:

• £25 plus loss of commission.

In addition, we also receive commission, expressed as a percentage of your loan, from the premium finance provider used to fund your policy.

If you have any questions about our fee structure, please contact us and we will be happy to discuss it further, and explain how it works in more detail.