The firm is remunerated by commission and other payments following the placing of business with product providers from which we hold appointments. In certain circumstances, it may be necessary to charge a fee for services provided, depending on the complexity of the transaction and or product or service, the time spent sourcing a market, in such instances we will charge a fees which will be agreed in writing with the client in advance of the provision of service. Our scale of fees is set out in the table below & all fees will be notified in advance of the placement of the policy.
| Class of business | Initial fee | Renewal fee | Mid term adjustments/Policy alterations/Cancellations fee |
|---|---|---|---|
| Personal lines | Up to a maximum €1,000 | Up to a miaximum €1,000 | Up to a maximum €1,000 |
| Commercial insurance | Up to a maximum 500% of the premium | Up to a maximum 500% of the premium | Up to a maximum €5,000 |
Duplicate Documentation up to a maximum charge of €30
Our firm receives remuneration from the product provider for the products we are recommending to our clients. Details of this remuneration are available on request. In the event that part payment has been received in respect of a policy in which cover has been put in place & subsequently you the client decide to cancel the policy or are unable / unwilling to pay the balance of premium due to the insurer the policy will be cancelled by the insurer and we will notify you of this.
When such circumstances arise we may retain any fee we have charged which will be deducted from the part payment received minus any amounts due to the insurers. Any excess amounts will be refunded to you the client.
We may also retain any fee we have charged in the event that you choose to cancel your policy from inception and/or not take up (NTU).