COMMISSION DISCLOSURE
Lorcan Egan T/A Lorcan Egan Insurance acts as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.
THE BACKGROUND
Pursuant to provision 4.58A of the Central Bank of Ireland’s September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website, if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.
WHAT IS COMMISSION?
Commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the value of the products sold.
Our brokerage commission options are displayed showing the maximum percentage amount which can be received. The level of commission may sometimes vary depending on individual circumstances, factors that may impact a variation in charges include:
- Client segmentation
- Advisor discretion
- Competitive pressures
- Investment/pensions/savings size
- Schemes size
- Term/Timeline of a policy or service
- Complexity of advice
- Preferential terms in the market, available to a brokerage & client at the time
There are different types of commission models:
Single commission model | Payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed. |
Trail/Renewal commission model | Further payments at intervals are paid throughout the life span of the product. |
Indemnity commission | Indemnity commission is the term used to describe a commission payment made before the commission is deemed to be ‘earned’. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned. |
Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.
SUSTAINABILITY FACTORS – INVESTMENTS/INVESTMENT-BASED INSURANCE PRODUCTS/PENSION ADVICE
When assessing products, we will consider the different approach taken by product providers in terms of them integrating sustainability risks into their product offering. This will form part of our analysis for choosing a product provider.
GENERAL INSURANCE PRODUCTS
General insurance products, such as motor, home, travel, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.
PROFIT SHARE ARRANGEMENTS
In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.
LIFE ASSURANCE/INVESTMENTS/PENSION PRODUCTS
For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail relating to accumulated fund.
Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.
Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.
Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies. Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.
CREDIT PRODUCTS/MORTGAGES
Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).
CLAWBACK
Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.
FEES
Lorcan Egan T/A Lorcan Egan Insurance may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees.
PLEASE NOTE
The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.
OTHER FEES, ADMINISTRATIVE COSTS/ NON-MONETARY BENEFITS
Lorcan Egan T/A Lorcan Egan Insurance may also be in receipt of non-monetary benefits such as:
- Attendance at, and participation in, Insurer/Lender (or other Product Provider) conferences, seminars, webinars, and other training events
- Assistance with advertising/branding
- Co-Branded literature
- Hospitality of a reasonable de minimis value, such as food and drink during a business meeting or a conference, seminar, or other training event.
- Industry educational seminars
- Other minor benefits that can enhance the quality of the service provided to consumers and do not impair the firm’s duty to act in the best interests of the consumer.
Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.
ACCIDENT & HEALTH UNDEWRITING
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Business Travel | 25% |
Single Trip Travel | 25% |
Term Life Protection
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
Term Life Assurance | 10% |
Personal Accident Insurance
Typically for this product, only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Personal Accident | 25% |
Personal Accident & Illness | 25% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Kidnap & Ransom | 15% |
AIKEN INSURANCES LIMITED
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 10% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Marine | 15% |
Other | 15% |
Surety Bonds | 20% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Liability & Excess Liability | 15% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Household | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Comm package | 14.5% |
Commercial combined | 15% |
Motor (Incl Fleet/Trade etc.) | 5% |
PL/Malpractice | 9.5% |
Property Owners | 10% |
Tour Operators | 15% |
Unoccupied Properties | 15% |
ALLIANZ PLC.
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
OGR Motor – Own Goods | 5% |
PCR RoI Broker Motor Product | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Cargo Liability | 18.775% |
Hull Damage/ Liability | 15% |
LIA Combined Liability | 10% |
RPL Public Liability MML | 5% |
RPL Public Liability | 10% |
SPL Social Public Liability | 10% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
HHR Combined House Insurance | 20% |
HPR Personal lines household | 15% |
HYR Holiday Home ROI | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
All Risks | 15% |
Apartment Blocks | 17.5% |
Auctioneers Bond | 15% |
Broker Household | 15% |
CBR Combined Property | 15% |
CMP Computer | 15% |
Cargo Goods | 18.775% |
Combined Risks | 15% |
Commercial Fire | 15% |
Commercial Package | 15% |
Contract Guarantee Bond | 7.5% |
Contractors All Risks | 15% |
ENG Engineering | 15% |
HPY Hospitality | 15% |
HYT Hull Marine | 15% |
LPR Landlord House Insurance | 15% |
Motor Special Types | 5% |
Motor Traders Combined BI | 15% |
Motor Traders Combined CMF | 15% |
Motor Traders Combined CMV | 7.5% |
Motor Traders Combined EL | 15% |
Motor Traders Combined GAP | 15% |
Motor Traders Combined PL | 15% |
Motor Traders Combined PRL | 15% |
Moyot Own Goods | 7.5% |
Office | 15% |
PRP Combined Property | 15% |
Pleasure Craft | 15% |
Property Owners | 15% |
RPM Hospital Malpractice Insurance | 10% |
Rented Property | 15% |
Retail | 15% |
SCR Combined Risk | 15% |
SFR Motor – Small Fleet | 5% |
SME – Business Policy | 15% |
SMP – Property Owners | 15% |
Social Agricultural Vehicle | 5% |
ARACHAS
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 10% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Construction Liability | 10% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Cleaning Contractor | 11.25% |
Combined Traders | 15% |
Contractors All Risks | 13% |
House – Holiday Home HSH | 15% |
Oil Distributors | 8% |
Property Owners | 15% |
Recruitment Consultants | 12.5% |
Security Contractors | 12.5% |
ARB UNDERWRITING LTD.
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Travel | 20% |
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 18% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Motor ARB Ideal | 8% |
Private Car | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Excess Liability | 20% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Combined | 15% |
Commercial Vehicle | 5% |
Motor Trade | 10% |
Motor Trade – ARB Motor Trade (COB 150) | 8% |
Motor Trade – ARB Motor Trade (COB 160) | 5% |
Motor Trade – Commercial Property Motor Trade Internal) | 10% |
Motor Trade – Commercial Property SS MTIR | 10% |
Surestone MTIR policies | 10% |
AVIVA INSURANCE LTD.
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 10% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Defective Title | 10% |
Lost Share Indemnity | 10% |
Lost Title Deeds | 10% |
Title / Administration Bond | 20% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Homes | 20% |
Household | 17.5% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Agricultural Vehicle | 5% |
Commercial Combined | 15% |
Commercial Vehicle | 10% |
Contractors Works | 10% |
ENG INS – JC | 15% |
ENG INS – JF | 15% |
ENG INS – JM | 15% |
ENG INS – JP | 15% |
Engineering Business Interuption | 15% |
Engineering Insurance Inspection | 15% |
Farmers Combined | 15% |
Fleet Insurance | 5% |
Marine | 18.78% |
Motor Traders | 5% |
PACKAGES – AO | 21% |
PACKAGES – AS | 16% |
PACKAGES – US | 15% |
Property Owners Liability | 20% |
Salon Insurance | 20% |
Self Build | 15% |
Traders Combined | 15% |
AVIVA LIFE & PENSIONS IRELAND DAC
Term Life Protection
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Term Protection | 150% | 22% | 24 |
Single Premium PRSA
Product | Initial % | Recurring % |
Single Premium PRSA | 4% | 0.5% |
Specified Illness
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Specified | 150% | 22% | 24 |
Savings
The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘ clawback ‘ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Savings | 15% | 1% | 48 |
Pension Term
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Pension Term | 150% | 22% | 24 |
Personal Retirement Savings Account RP (PRSA)
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Regular Premium PRSA | 22.5% | 0.5% | 48 |
Personal Retirement Bond (PRB)
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
PRB | 5.25% | 1% |
Mortgage Protection
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Mortgage Protection | 150% | 22% | 24 |
Income Protection
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Income Protection | 200% | 30% | 48 |
Investment
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
Investments | 5.25% | 1% |
Defined Contribution Pension
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Regular Premium pension | 20% | 1% | 48 |
Single premium pension | 5.25% | 1% | – |
Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)
An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
ARF | 5.25% | 1% |
Annuity
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
Annuity | 3% |
AXA INSURANCE DAC
Portfolio
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Employers Liability | 7.5% |
Other Classes | 20% |
Public/Product Liability | 17.5% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 10% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Taxi | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Employers Liability | 7.5% |
Products Liability | 17.5% |
Public Liability | 17.5% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Home | 15% |
Household | 20% |
Enterprise
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Employers Liability | 7.5% |
Other Classes | 20% |
Public/Product Liability | 17.5% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Package | 20% |
Commercial Vehicle | 5% |
Fleet Insurance | 5% |
Property Owners | 17.5% |
Rental Property | 15% |
Shop/Office/Surgery | 17.5% |
Tradesmen and Professionals | 15% |
Tradesmen and Professionals | 15% |
Agriculture
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Employers Liability | 10% |
Motor | 10% |
Other Classes | 20% |
Public/Product Liability | 17.5% |
BENCHMARK UNDERWRITING LTD.
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Home | 15% |
Household | 15% |
Household | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Combined | 17.5% |
Commercial Package | 20% |
Office/Shop | 17.5% |
Property Owners | 17.5% |
BLUE INSURANCES LTD
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Travel | 30% |
Travel – White Label | 20% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Car Hire Excess | 20% |
Motor Breakdown | 20% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Gadget | 15% |
Pet Insurance | 5% |
Wedding Insurance | 20% |
BRADY UNDERWRITING
Personal Accident Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Personal Accident | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Business Protect (Retail, Office, Hospitality & Manufacturing) | 15% |
Eventinsure Product | 10% |
Legal Expenses | 10% |
BROKER OPTIONS
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 10% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Liability | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Directors & Officers Insurance | 10% |
Event Insurance | 10% |
Leisure Risks | 10% |
Liability | 10% |
Property | 10% |
BROKERS IRELAND NETWORK SERVICES LIMITED
Mortgage Switcher
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
Mortgage – Switcher | 1% | 36 |
Second and Subsequent Time Buyers
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
Mortgage – Second/subsequent Buyer | 1% | 36 |
First-Time Buyer
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % |
Mortgage – First-Time Buyer | 1% |
Equity Release
Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.
Product | Commission % | Clawback Period (Months) |
Mortgage – Equity Release | 1% | 36 |
PATRONA T/A BUMP INSURANCE
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 6% |
COVER CENTRE INSURANCE LTD.
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Apartment Landlord | 15% |
Apartment Owner Occupied | 15% |
HOUSEHOLD | 15% |
Kidd Endeavour | 15% |
Kidd High Net Worth | 15% |
Kidd Holiday Home | 10% |
Kidd Homeworker | 15% |
Kidd Mobile Home Fixed Site | 10% |
Kidd Non-standard Construction | 10% |
Kidd Touring Caravan | 10% |
Kidd Unoccupied | 10% |
Kiddsure Select | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Motor | 6% |
Light Commercial Vehicle | 6% |
DOLMEN INSURANCE BROKERS LTD.
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined liability | 8.5% |
Professional Indemnity | 10% |
Property Owners Liability | 8.5% |
Public Liability | 8.5% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Amethyst | 10% |
Dolmen SI (Sums Insured) Home | 15% |
Dolmen SI (Sums Insured) Residential | 15% |
Flex | 10% |
Premier | 10% |
Unoccupied (via Relay & Direct) | 10% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Camper Van | 10% |
Commercial Combined | 8.5% |
Contractors All Risks | 12.5% |
Directors & Officers | 20% |
Event Insurance | 10% |
Homeworks | 12.5% |
Land Liability | 15% |
Property Owners | 15% |
Property Works | 12.5% |
Rental Property | 10% |
Stuart Insurance T/A Eversure
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Household | 15% |
FROST INSURANCE LTD
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Liability | 15% |
Locum Professional Indemnity | 15% |
Professional Indemnity | 15% |
Public Liability | 15% |
Treatment Risk | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Combined | 15% |
Commercial Excess | 15% |
Contractors Works | 15% |
Employers Liability | 15% |
Hair & Beauty Retail | 15% |
Home Excess | 15% |
Legal Expenses | 15% |
Material Damage | 15% |
Office | 15% |
Office Combined | 15% |
Product Dispensing Risk | 15% |
Property Owners | 15% |
Retail | 15% |
Retail Pharmacy | 15% |
Self Build | 15% |
Shop | 15% |
Trade | 15% |
Treatment Risk | 15% |
Unoccupied Property | 15% |
Vacant Property | 15% |
HICKEY CLARKE & LANGAN LTD.
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Household | 10% |
IRISH LIFE ASSURANCE PLC
Whole of Life Protection
The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Whole of Life | 100% | 28% | 60 |
Term Life Protection
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Term Protection | 100% | 28% | 60 |
Single Premium PRSA
Product | Initial % | Recurring % |
Single PRemium PRSA | 5% | 0.75% |
Specified Illness
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Specified | 100% | 28% | 60 |
Savings
The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘ clawback ‘ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Savings | 5.5% | 0.5% | 5.5% | 48 |
Pension Term
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Pension Term | 100% | 15% | 60 |
Personal Retirement Savings Account RP (PRSA)
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium PRSA | 17.5% | 0.5% | 5% | 48 |
Personal Retirement Bond (PRB)
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
PRB | 5% | 0.75% |
Mortgage Protection
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Mortgage Protection | 100% | 28% | 60 |
Income Protection
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Income Protection | 120% | 30% | 60 |
Investment
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
Investments | 5% | 0.5% |
Defined Contribution Pension
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium pension | 17.5% | 0.5% | 5% | 48 |
Single premium pension | 5% | 0.75% | – | – |
Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)
An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
ARF | 5% | 0.75% |
Annuity
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
Annuity | 3% |
KENNCO UNDERWRITING LTD
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 15% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Motor Policies | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Liability | 15% |
Public Liability | 15% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Homes | 15% |
Household Policies | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Combined | 15% |
Motor Trade Policies | 15% |
LIBERTY SEGUROS
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 11% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Homes | 10% |
Household | 21% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Agricultural Vehicle | 10% |
Commercial Vehicle | 11% |
Fleet Insurance | 10% |
Private Motor | 8.5% |
Rental Property | 20% |
MIS UNDERWRITING LTD
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Travel | 25% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
ROI Owner Occupied | 20% |
ROI Residential Let | 25% |
MOTORISTS INSURANCE SERVICES LTD
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Breakdown & Legal Ex | 7.5% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission € | Commission % |
Legal Expenses | €7 | 46.66% |
Motor Extra Benefits | €12.4 | 49.6% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Household | 20% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Motor (Other) | 20% |
NEW IRELAND ASSURANCE COMPANY PLC
Term Life Protection
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Term Protection | 225% | 50% | 60 |
Single Premium PRSA
Product | Initial % | Recurring % | Clawback Period |
Single Premium PRSA | 7% | 0.5% | 60 |
Specified Illness
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Specified | 225% | 50% | 60 |
Savings
The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘ clawback ‘ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Savings | 10% | 0.5% | 2.5% | 60 |
Pension Term
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Pension Term | 225% | 50% | 60 |
Personal Retirement Savings Account RP (PRSA)
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium PRSA | 25% | 0.5% | 6% | 60 |
Personal Retirement Bond (PRB)
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
PRB | 5% | 1% | 60 |
Mortgage Protection
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Mortgage Protection | 225% | 50% | 60 |
Income Protection
An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Income Protection | 225% | 50% | 60 |
Investment
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Investments | 4% | 1% | 36 |
Defined Contribution Pension
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium pension | 25% | 1% | 8% | 60 |
Single premium pension | 5% | 1% | – | 60 |
Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)
An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
ARF | 5% | 1% |
Annuity
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
Annuity | 3% |
OBF INSURANCE GROUP LTD.
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 10% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Holiday Home | 12% |
Household | 12% |
Mobile Home | 10% |
OPTIS INSURANCES LTD.
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
P.I | 20% |
Personal Accident Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Personal Accident | 15% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
B & B | 15% |
Couriers | 12.5% |
Goods in Transit | 20% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Liability | 15% |
ELPL | 15% |
Public Liability | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Combined | 15% |
Commercial Package | 15% |
Contractors All Risks | 15% |
Office | 15% |
Property Owner | 17.5% |
Pub/Restaurant | 15% |
Self Build | 15% |
Shop | 15% |
PATRONA UNDERWRITING LTD
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Non-standard Car | 5% |
Non-standard Van | 5% |
Private Car | 6% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Special Types Axa | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Carriers Liability | 10% |
Equestrian Liability | 5% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
ADF&T | 10% |
AXA Haulage | 5% |
All Risks | 15% |
Commercial Vehicle | 7.5% |
Courier – Axa | 5% |
Engineering | 15% |
Fleet | 7.5% |
Horse Box – Axa | 5% |
Logistics Combined | 10% |
Special Types | 5% |
Special Types – Axa | 5% |
Standard Haulage | 7.5% |
Unmanned Aircraft | 7.5% |
CLOSE BROTHERS CREDIT IRELAND
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Commercial Insurance Loans | 4% |
Personal Insurance Loans | 4% |
PRESTIGE UNDERWRITING SERVICES (IRELAND) LIMITED
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 5% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Octane Ireland Motor | 8% |
Octane Ireland Motor EDI | 6% |
Prestige Ireland Private Motor | 8% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Prestige Homesafe | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Amtrust Property ROI | 14% |
Prestige Ireland Motor Trade | 10% |
Prestige Ireland Non Standard CV | 8% |
Rental Property | 20% |
RSA INSURANCE IRELAND DAC
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Personal Accident/Travel | 20% |
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 17.5% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Motor | 7.5% |
RSA Broker Motor Insurance Private Car | 8% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Carriers Liability | 20% |
Employers Liability | 6% |
Public Liability | 10% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Household | 20% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Apartments/Block of Flats | 15% |
Cargo | 18.8% |
Combined | 15% |
Commercial Package | 20% |
Commercial Vehicle | 5% |
Contractors All Risks | 15% |
Engineering | 15% |
Engineering | 15% |
Office | 17.5% |
Property | 12.5% |
Shop | 15% |
Surgery | 17.5% |
Traders | 20% |
WILLIS TOWERS WATSON
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Asgard Private Car | 5% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Liability | 15% |
SIMI MOTOR TRADE – LIABILITY | 7% |
Tradesure Liability | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Apartments | 17.5% |
Asgard Bus & Coach 1-4 | 5% |
Asgard Bus & Coach Fleet | 5% |
Asgard Commercial Fleet | 5% |
Commercial Combined | 15% |
Commercial Package | 11.5% |
Fleet Insurance | 10% |
Golfsure Combined | 15% |
Golfsure Motor | 5% |
Golfsure Personal | – |
Motor Fleet | 7.85% |
Motor Traders | 15% |
Motor Traders | 15% |
Office Combined | 15% |
Property Owners | 17.5% |
Propsure | 17.5% |
SIMI MOTOR TRADE – MOTOR | 5% |
SIMI MOTOR TRADE – PROPERTY, BI, MONEY | 15% |
Tradesure Commercial Motor | 10% |
WRIGHTWAY UNDERWRITING LTD.
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 7.5% |
Private Car / Light Commercial Vehicle | 5% |
Other
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
EL & PL Wrightway | 12% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Carriers Liability | 10% |
Combined Liability | 8% |
Haulage Liability | 8% |
Trades Liability | 12% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
House | 17.5% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
ADF&T | 10% |
Commercial Vehicle | 5% |
Haulage Fleet | 5% |
Haulage Single Vehicle | 5% |
Inspection | 15% |
Multi Vehicle | 5% |
Rental Property | 17.5% |
Special Types | 5% |
Traders Transit | 5% |
Trailer ADF&T | 10% |
Agriculture
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Agricultural Vehicle | 10% |
ZURICH INSURANCE PLC.
Travel Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Annual Travel Policy | 15% |
Group Personal Accident Travel | 15% |
Personal Accident Travel Pol. | 15% |
Professional Indemnity
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Professional Indemnity | 15% |
Personal Motor
Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)
Product | Commission % |
Private Car | 6.5% |
Personal Accident Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Group Personal Accident Policy | 15% |
Personal Accident Policy | 15% |
Personal Accident Road & Rail | 15% |
Liability
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Employers Liability | 6% |
Home and Contents Insurance
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Combined Caravan/Mobile Home | 15% |
Household | 15% |
Household DA | 20% |
Private Dwelling House Policy | 15% |
Commercial
Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).
Product | Commission % |
Apartment Block Policy | 15% |
Building in the Course of Erection | 15% |
Combined Property Policy | 12.5% |
Commercial Combined | 15% |
Commercial Combined (U.K.) Pol | 15% |
Commercial Liability Policy | 10% |
Commercial Motor Vehicle | 5% |
Commercial Vehicle | 5% |
Commerical Package | 20% |
Computer All Risks” Policy” | 15% |
Contractors All Risks” Policy” | 15% |
Cyber Policy | 20% |
Elite Private Car | 7.5% |
Engineering Policy | 15% |
Farm Fire Policy | 12.5% |
Fidelity Policy | 15% |
Fleet Motor Vehicle | 5% |
Guest House All In” Policy” | 15% |
HGV Fleet | 10% |
Legal Expenses | 25% |
Marine Policy | 17.5% |
Mini Fleet Vehicle | 7.5% |
Miscellaneous Bonds Policy | 15% |
Motor Traders | 5% |
Motor Traders Combined | 5% |
Motor Traders Internal Policy | 10% |
Office Policy | 15% |
Private All Risks” Policy” | 15% |
Residential Care Home Policy | 15% |
Shop | 15% |
Small Craft/ Yacht Policy | 15% |
Special Types | 5% |
Tradestar Office | 15% |
Tradestar Property Owners | 15% |
Tradestar Shop | 15% |
Truck Way- Single Truck | 10% |
ZURICH LIFE ASSURANCE PLC
Whole of Life Protection
The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Whole of Life | 90% | 18% | 12 |
Term Life Protection
A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Term Protection | 170% | 12% | 12 |
Single Premium PRSA
Product | Initial % | Recurring % |
Single Premium PRSA | 5% | 0.75% |
Specified Illness
A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Specified | 100% | 12% | 12 |
Savings
The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘ clawback ‘ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Savings | 10% | 0.5% | 1% | 48 |
Pension Term
A Pension Term Assurance Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Pension Term | 100% | 12% | 12 |
Personal Retirement Savings Account RP (PRSA)
A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium PRSA | 30% | 0.75% | 5% | 48 |
Personal Retirement Bond (PRB)
The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
PRB | 5% | 0.5% |
Mortgage Protection
A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Clawback Period (Months) |
Mortgage Protection | 170% | 40% | 12 |
Investment
An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
Investment | 5% | 0.5% |
Defined Contribution Pension
A Defined Contribution Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % | Renewal | Clawback Period (Months) |
Regular Premium pension | 20% | 0.5% | 3% | 48 |
Single premium pension | 5.5% | 0.5% | – | – |
Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)
An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % | Recurring Commission % |
ARF | 5% | 0.5% |
Annuity
The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ‘clawback’ some or all of the commission paid to the broker, depending on how long the policy was active with the provider.
Product | Initial % |
Annuity | 3% |