Broker Agreement

Brokers are important to us, so in addition to providing you with a clear and concise Terms of Business Agreement we will also provide you with first class service from speed of quotation turnaround to accuracy of documentation and invoices.

We will also provide you with the information you need to comply with your regulatory obligations.

Risk Transfer – generally, we have the benefit of risk transfer from our scheme insurers. We are not, however, in a position to cascade risk transfer to our introducing brokers. Therefore you should not regard monies as having been paid to the insurer until they have been paid to us

Sometimes we may place business on your behalf outside of our schemes with insurers who do not provide us with risk transfer. We would advise you to always satisfy yourself as to the risk transfer position before placing a client on cover.

Broker Terms of Business