Insurance Premium Tax (IPT)

9.5% (Of the total Gross Premium) is the Standard Rate for all classes of insurance unless specified below.

20% as the higher rate which applies to travel, mechanical, electrical and some vehicle insurance

Insurance Premium - we call this a "Price Tariff"

Your insurance premium, or Price Tariff, is the total amount, usually inclusive of all fees, taxes and tariffs that you will pay in order to purchase your insurance. This amount is itemised and the underlying premium is calculated by our range of underwriters - and is dependant on the specific circumstances of the applicant.

Commission Rates - Personal Insurance & Commercial Insurance

Our commission will vary depending on the product you buy, and will always be disclosed to you prior to purchasing a product. If you have any further questions in regards to our commission, please do get in touch.

Commercial insurance buyers are always entitled to request and have their provider disclose the actual level of commission and fees earned by that intermediary.

Tariff of variable fees - Personal Insurance customers

If you are not asked to settle these sums, it means we have waived our right to request them and will not seek to request them in the future.

Policy alterations and cancellation: £10

Replacement policy documentation: £7.50

Information provision under Data Protection Act: £10

Payment by debit/credit card: We absorb the charges from credit card and debit card transactions

Tariff of Variable Fees - Commercial Insurance

Arrangement of new policies and renewals: Up to £50, if the premium is less than £200.00 per annum (note: in such circumstances either; no proportional commission shall apply, this fee replaces any proportional commission, or a supplement is levied to that proportional sum to top-up to the value stated, but no greater.)

Policy alterations and cancellation: £20

Replacement policy documentation: £7.50

Information provision under Data Protection Act: £10

Payment by debit/credit card: We absorb the charges from credit card and debit card transactions

Payment by direct debit: Deposit amount and payment periods are variable subject to status and policy conditions.

Declined credit / debit card payments: We reserve the right to charge a fee of £10 for a declined payment.

Profit Commission

We may earn a so-called "Profit Commission" from schemes we place with a single insurer or consortium of insurers. This results from their premium exceeding a given percentage of claims paid in a given year of account.

Intermediaries that earn a Profit Commission are typically rewarded with a fixed proportion of that margin between premium collected and claims paid by the insurer(s).

We shall endeavour to list, herein, when such schemes are in operation and disclose where we use those funds to add value to your experience, if applicable.

Schemes with a Profit Commission:

- None.