We, Insight Insurance Brokers Limited act as 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 Brokers, 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 Broker which it has agreed with its product producers.
What is commission?
For the purpose of this document, the commission is the payment earned by the Broker for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the quantity or value of the products sold.
There are different types of commission models:
| Single commission model: | where payment is made to the Broker shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed. |
| 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 Brokers in order to assist with set-up costs or business development.
General insurance products
General insurance products, such as motor, home, travel, health, 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 Broker 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.
Investments
Investment firms, which fall within the scope of the S.I. 375 of European Communities (Markets in Financial Instruments) Regulations 2017 (the MiFID Regulations), offer both standard commission and commission models involving initial and recurring commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.
Clawback
Clawback is an obligation on the Broker 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 Broker must return the commission to the product producer.
Fees
The firm may also be remunerated fees by the product producer such as policy fees, admin fees, or in the case of investment firms, advisory fees. Include arrangements etc
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
The firm may also be in receipt of non-monetary benefits such as:
- Attendance at product provider seminars
- Assistance with Advertising/Branding
Further detail on the providers we work with, the products we sell, and the maximum commissions available to us are outlined below.
AIG Europe S.A
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 % |
| PA/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 % |
| PI Rapidcover | 22.50 % |
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 % |
| D&O, Crime, PTL, EPL, Entity Rapidcover (Bus Guard) | 20% |
| PL Rapidcover | 17.50% |
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 % |
| Com Comb Rapidcover 20% | Com Comb Rapidcover 20% |
| Excess Rapidcover 22.50% | Excess Rapidcover 22.50% |
| Marine Rapidcover 20% | Marine Rapidcover 20% |
| Office Rapidcover 20% | Office Rapidcover 20% |
| Prop Own Rapidcover 20% | Prop Own Rapidcover 20% |
| Shops Rapidcover 15% | Shops Rapidcover 15% |
Aon Insurance Markets Ireland
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 Insurance AIG | 20% |
| Professional Indemnity Insurance Allianz | 20% |
| Professional Indemnity Insurance Chubb | 20% |
| Professional Indemnity Insurance Dual | 27.50% |
| Professional Indemnity Insurance Irish Public Bodies Mutual Insurance | 17.50% |
| Professional Indemnity Insurance Hiscox | 27.50% |
| Professional Indemnity Insurance Liberty | 20% |
| Professional Indemnity Insurance Zurich | 20% |
| Professional Indemnity Insurance XL Insurance | 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 % |
| Private Car (Personal Lines) Chubb | 12.50% |
| Private Motor Insurance Chubb | 12.50% |
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 Aon | 20% |
| Combined Liability Allied World Assurance Company | 20% |
| Combined Liability Berkshire Hathaway | 15% |
| Combined Liability RSA | 25% |
| Combined Liability Zurich | 15% |
| Directors & Officers Liability – Chubb | 25% |
| Directors & Officers Liability – Hiscox | 20% |
| Directors & Officers Liability – Liberty | 20% |
| Directors & Officers Liability – Travelers | 20% |
| Directors & Officers Liability (Golf) – Travelers | 20% |
| Excess Liability – Chubb | 20% |
| Excess Liability – Liberty | 20% |
| Professional Indemnity Insurance – Allianz | 20% |
| Professional Indemnity Insurance – Chubb | 20% |
| Professional Indemnity Insurance – Dual | 27.50% |
| Professional Indemnity Insurance – Hiscox | 27.50% |
| Professional Indemnity Insurance – Liberty | 20% |
| Professional Indemnity Insurance – XL Insurance | 20% |
| Professional Indemnity Insurance – Zurich | 20% |
| Property Owners Liability – Liberty | 17.50% |
| Public Liability – Irish Public Bodies Mutual Insurance | 17.50% |
| Public/Products Liability – The Underwriting Exchange | 13.50% |
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 Insurance – Hiscox | 25% |
| Household Insurance – Azur Underwriting | 25% |
| Household Insurance – Chubb | 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 % |
| Aon Toal Planthire Scheme Commercial Package – Travelers Insurance | 12.50% |
| Combined Directors & Officers and Employment Practices Liability Travelers Insurance | 20% |
| Combined Liability – Aon | 20% |
| Combined Liability – Allied World Assurance Company | 20% |
| Combined Liability – Berkshire Hathaway | 15% |
| Combined Liability – RSA | 25% |
| Combined Liability – Zurich | 15% |
| Commercial Combined Package – Liberty | 20% |
| Commercial Combined Package – AIG | 20% |
| Commercial Combined Package – Aviva | 25% |
| Commercial Combined Package – Axa | 20% |
| Commercial Combined Package – Chubb | 20% |
| Commercial Combined Package – Ecclesiastical | 22.50% |
| Commercial Combined Package – Irish Public Bodies | 15% |
| Commercial Combined Package – Travelers Insurance | 16.50% |
| Commercial Combined Package – XL Insurance | 20% |
| Commercial Combined Package Zurich | 25% |
| Commercial Package – AIG | 20% |
| Commercial Package – Aon UK | 28% |
| Commercial Package – Chubb | 20% |
| Commercial Package NHI – Liberty | 20% |
| Commercial Package – Zurich | 11.25% |
| Commercial Property Policy – Berkshire Hathaway | 15% |
| Commercial Vehicle – Liberty | 10% |
| Commercial Vehicle – Zurich | 5% |
| Computer All Risks – RSA | 15% |
| Computer All Risks – Zurich | 15% |
| Construction Liability Insurance – Liberty | 15% |
| Construction Liability Insurance – XL Insurance | 20% |
| Contractors All Risks Insurance (AW) – Northern Marine | 20% |
| Contractors All Risks Insurance – Liberty | 16.50% |
| Contractors All Risks – Northern Marine | 20% |
| Cyber Liability Insurance – Hiscox | 27.50% |
| Engineering – Aviva | 15% |
| Engineering – Allianz | 15% |
| Engineering – RSA | 25% |
| Environmental Impairment Liability (EIL) – AIG | 17.50% |
| Event Insurance – Hiscox | 20% |
| Excess Public/Products Liability – Allied World | 23% |
| Fine Art Insurance – Axa | 20% |
| Fine Art Insurance – Hiscox | 25% |
| Golf Buggy Insurance – Travelers Insurance | 12.50% |
| Golfers Combined Package – Travelers Insurance | 20% |
| Group Travel – AIG | 20% |
| ICMA : Motor Fleet Insurance – Zurich | 10% |
| ICMA : Private Motor Insurance – Zurich | 10% |
| ICMA: Commercial Vehicle Insurance – Zurich | 10% |
| Machinery Movement – RSA | 25% |
| Marine Insurance (AW) – Northern Marine | 25% |
| Marine Insurance – RSA | 18.80% |
| Medical Malpractise – Hiscox | 20% |
| Motor Fleet Insurance – Liberty | 10% |
| Motor Fleet Insurance Travelers Insurance | 12.50% |
| Motor Trade Road Risks – Travelers Insurance | 14% |
| Motor Trade Road Risks – Zurich | 5% |
| One-Plan Package – Chubb | 20% |
| Personal Accident Insurance – AIG | 20% |
| Personal Accident Insurance – Chubb | 30% |
| Persona; Accident insurance – Travelers | 20% |
| Private Car (Commercial) – Zurich | 5% |
| Property/Business Interruption – Liberty | 20% |
| Real Estate Property & Property Owners Liability – Zurich | 20% |
| Rugby Clubs: Commercial Combined Package – Aviva | 22% |
| Stud & Stable Insurance Package – Aviva | 15% |
| Tennis Commercial Combined Package – Ecclesiastical Insurance | 25% |
Arachas
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 % |
| A/D Fire and Theft | 12.50% |
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 % |
| Self-Build | 10% |
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 | 12.5% |
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 % |
| Cleaners | 11.25% |
| Cleaning Contractors | 11.25% |
| Employers Contingent | 10% |
| Security Contractors | 12.50% |
| Recruitment Consultants | 12.50% |
| Public Liability | 10% |
| Trademaster | 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 % |
| A/D Fire and Theft | 12.50% |
| Commercial Combined | 7.5% |
| Commercial Combined (Hiscox) | 12.5% |
| Combined Liability | 10% |
| Contractors Works | 12.5% |
| Cyber Security | 12.5% |
| Directors & Officers | 10% |
| Engineering | 7.5% |
| Fleet Insurance | 5% |
| Personal Accident | 7.5% |
| Property Owners | 15% |
| Product | Commission % |
ARAG Legal Protection Ltd
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 | 15% |
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 | 17.50% |
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 | 5% |
| Motor ARB Ideal | 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 % |
| AIG apartment blocks | 12.50% |
| Commercial Combined | 15% |
| Commercial Vehicle | 5% |
| Motor Trade – ARB Motor Trade (COB 150) | 7.50% |
| Motor Trade – ARB Motor Trade (COB 160) | 5% |
| Motor Trade – Commercial Property Motor Trade (Internal) | 10% |
| Commercial Property – JRP Property | 15% |
| Commercial Property – Combined Liability | 15% |
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% |
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 € |
| Agri Business | 15% |
| Commercial Motor (MV) | 5% |
| Commercial Motor (MZ) | 10% |
| Contract Works | 20% |
| ENG INS – JC | 20% |
| ENG INS – JF | Mixed |
| ENG INS – JM | 20% |
| ENG INS – JP | Mixed |
| Motor Fleet Insurance | Mixed |
| Marine | 18.78% |
| PACKAGES – AO | 16% |
| PACKAGES – AS | 16% |
| PACKAGES – US | 15% |
| Trademark + | 15% |
AXA Insurance dac
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 | 5% |
| Motor Cycle | 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 % |
| Liability Combined | 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 % |
| House | 12.5% |
| Rental | 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 upon by the client(s).
| Product | Commission % |
| Agricultural | |
| – Agricultural Vehicles | 10% |
| – Employers Liability | 10% |
| – Public / Products Liability | 20% |
| – Motor Insurance | 10% |
| – All Other Classes | 22.5% |
| Bus | 10% |
| Farmers | 17.5% |
| Commercial Motor (GCV) | 10% |
| Commercial Motor (SPSV) | 10% |
| Fleet Insurance (non Willis Asgard) | 10% |
| Business Combined | |
| – Public / Products Liability | 20% |
| – All Other Classes | 22.5% |
| – Employers Liability | 10% |
| Tradesmen & Professionals | 20% |
| Property Owners Insurance | 22.5% |
| Shop, Office & Surgery | 22.5% |
| Specials | 5% |
Brady Underwriting
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% |
| Admin & underwriting Fees Charged per Policy | €20-€50 |
| Event Insure Product | 10% |
| Legal Expenses – Event Insure | 10% |
| Legal Expenses – All other Products | 15% |
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% |
Broker Solutions Ireland
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 | 12.50% |
| Home Owner | 12.50% |
| Rented Property | 12.50% |
| Mobile Home | 12.50% |
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 % |
| Caravan Park | 12.50% |
| Agricultural Vehicles | 5% |
| Horse Boxes | 5% |
| Special Types | 5% |
| Other Commercial (Not specified above) | 13% |
Catalpa Underwriting Limited
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 | 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 % |
| Liability | 10% |
Corporate Underwriting
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 | 18.775% |
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 % |
| Marine Cargo | 18.775% |
| Trailers & Containers | 15% |
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% |
| Home Shield Holiday Home | 15% |
| Home Shield Rental | 15% |
| Home Shield Rental Bespoke | 15% |
| Kidd Homeworkers | 15% |
| Kidd Air B&B | 10% |
| Kidd Holiday Home | 10% |
| Kidd Mobile/Caravan | 10% |
| Kidd Non-standard | 10% |
| Kidd Unoccupied Property | 15% |
| Kidd Unoccupied Private | 10% |
| Kidd Owner Occupied | 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 | |
| Light Commercial Vehicle | 6% |
Dual Underwriting Ireland
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 | 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 | 10% |
Everest Underwriting
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% |
| Property Owners (RE) | 17.5% |
| Property Owners (NB) | 20% |
Fingal Insurances
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 | 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 % |
| Tree Surgeons/Forestry Liability | 10% |
| ADFT Forestry Liability | 10% |
| Landscapers Liability | 10% |
| Marine, Goods in Transit, Carriers Liability | 10% |
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 % |
| Public House Insurance | 10% |
| Private House Insurance | 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 % |
| Apartment Block | 10% |
| Vacant Building | 10% |
| Special Types | 5% |
| Contractors All Risk | 10% |
| Small Craft Insurance | 5% |
| Property Owners | 10% |
| Self Build Insurance | 10% |
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% |
| Household Admin Fee (RE) | €20 |
| Mobile Home | 10% |
| Mobile Home Admin Fee (RE) | €20 |
KennCo 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 | 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 (Car/Van) | 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 % |
| 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 % |
| Cyber | 12.5% |
| Commercial | 15% |
| Garage Combined | 15% |
| Medical Malpractice | 10% |
| Motor Trade | 5% |
Liberty 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 | 7.5% |
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 % |
| 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 Vehicle | 10% |
Marsh 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 % |
| Charities | 10% |
| Electrical Contractors | 10% |
| Sports (not including IPB motor) | 10% |
McDonald, Dwyer, Reddy – Shield
Shield arranges numerous types of insurance products over many individual classes of business for their customers. This business is transacted in Lloyd’s of London with many of its syndicates and with various international insurance companies. As a result, commissions will differ between products and risks and are advised to Insight Insurance prior to inception or renewal of a policy and then specified clearly as your commission on subsequent account statements issued to Insight Insurance.
As a general rule however, we are able to advise that on average the commission Insight Insurance will receive from us will range from between 0% and 15% of the Insurer’s premium but this will be dependent on each risk, the class of business and the insurance provider.
We are aware of the importance to trade in the best interests of our clients and to ensure we do not risk impairing our obligation to satisfy regulatory requirements to avoid a potential conflict of interest arising between us, as well as between you and your clients. Accordingly, we confirm that the commission we offer Insight Insurance is not linked to income volume targets or business retention levels. Furthermore, we can also advise that we do not pay additional remuneration such as fees or other form of remuneration.
We trust this disclosure has satisfied the requirement to publish information for consumers.
Optis Insurances 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 % |
| Self-Build | 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 | 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 % |
| Carriers Liability | 12.50% |
| Combined Liability | 15% |
| Equestrian Liability | 5% |
| Public 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 % |
| Commercial Combined | 15% |
| Contractors All Risks | 15% |
| Personal Accident | 15% |
| Property Owners/Real Estate | 17.50% |
| Pub/Restaurant | 15% |
| Pub/Restaurant Admin Fee | €100 |
| Shop/Retail | 15% |
| Office | 15% |
| Goods in Transit – €1000 | €12 |
| Goods in Transit – €2000 | €24 |
| Goods in Transit – €5000 | €30.25 |
| Guesthouse | 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 | – |
| Non-standard Van | – |
| Private Car | – |
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 | – |
| Combined Liability | 5% |
| Equestrian Liability | – |
| Public Liability | – |
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 | – |
| AXA Haulage | – |
| Commercial Vehicle | 5% |
| Courier – Axa | – |
| Courier | 7.5% |
| Equestrian Property (EB) | 7.5% |
| Fleet | 7.5% |
| Horsebox – Axa | – |
| Horses | – |
| Logistics Combined | 10% |
| Logistics Vehicle | 7.5% |
| Motorsport GIT | – |
| Motorsport | – |
| Own Goods Vehicle | 7.5% |
| Rental Fleet | 7.5% |
| Special Types – Axa | 5% |
| Special Types | 5% |
| Standard Haulage | 7.5% |
| Unmanned Aircraft | – |
| Property Owners | – |
| Commercial Combined | 10% |
Plum Underwriting
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 % |
| Flex, Let, Retreat, Unoccupied & Retreat | 20% |
| Homeworks | 15% |
| Premier & Amethyst | 20% |
Prestige Underwriting Services (Ireland) Limited
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 % |
| Prestige Ireland Non Standard Private Car | 8% |
| Prestige Ireland non Standard Private Car EDI | 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 % |
| 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 | 7.5% |
| Prestige Ireland Non Standard CV | 8% |
| Prestige Manual Product | – |
| Prestige ROI Coverall | 15% |
Securus Insurance 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 % |
| PA/Travel (Chubb) | 10% |
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 (CNA) | 10% |
| Professional Indemnity (AXA XLl) | 10% |
| Professional Indemnity (Chubb) | 10% |
| Professional Indemnity (Citynet) Fee Payable | 10% |
| Professional Indemnity (HCC INTER) | 10% |
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 % |
| Chubb Masterpiece Motor | 5% |
| HNW Motor – Dual | 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 % |
| Cyber Liability (Various) | 10% |
| Excess Liability (CNA Hardy) | 10% |
| Excess Liability (Chubb) | 10% |
| Property Owners (Chubb) | 10% |
| Property Owners (Citynet) Fee | 10% |
| Property Owners (Channel Syndicate) | 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 % |
| Chubb Masterpiece Household | 12.50% |
| Clinical Trials (Chubb) | 10% |
| Commercial Combined (Chubb) | 10% |
| Commercial Combined (Citynet) Fee | 10% |
| D&O (Chubb) | 10% |
| D&O (HCC) | 10% |
| D&O (HCC) Fee Payable | €50 |
| Engineering (HSB) | 10% |
| Event Cancellation (Chubb) | 10% |
| HNW Household – Dual | 12.50% |
| Kidnap & Ransom (Chubb) | 10% |
| Marine Cargo (CNA) | 10% |
| POL – Securus – offline | 10% |
| POL – Offline Fee Payable | €50min |
| POL – Securus – online | 15% |
| POL – Online Fee Payable | €50min |
| Terrorism Cover (Citynet) | – |
| Vacant Property (Securus – offline) | 10% |
| Vacant Property (Securus – online) | 15% |
| Vacant Property – (Online) Fee Payable | €25 |
Specialist Underwriting Services 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 – Business | 10% |
| Travel – Individual | 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 | 12.50% |
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 % |
| Chip Safe | 15% |
| Gourmet Safe | 15% |
| Property Owners | 15% |
| Shop Safe | 15% |
| Miscellaneous Safe | 15% |
| Personal Accident/Illness | 10% |
Sertus
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 % |
| Private Motor Non Full Cycle | 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 % |
| Household Non Full Cycle | 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 % |
| Carriers Liability | 20% |
| Employers Liability | 6% |
| Public 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 % |
| Apartment/Block of Flats | 15% |
| Cargo | 18.8% |
| Commercial Vehicle | 5% |
| Combined | 15% |
| Contractors All Risks | 15% |
| Engineering | 15% |
| Haulage | 5% |
| Marine | 15% |
| Office | 15% |
| Own Goods | 10% |
| Property | 10% |
| Shop | 15% |
| Traders | 20% |
Tasker & Partners Ltd
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 | 12.5% |
Thomond 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 | 12.5% |
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 % |
| 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 % | |
| Contractors All Risks – Axis Underwriting Ltd via The Fiducia MGA
Co Ltd |
12.50% | |
| Contractors All Risks – Great American International Insurance (EU)DAC via Corin Underwriting Ltd | 15% | |
| Cyber | 12% | |
| Property Owners | 15% | |
| Personal Accident/Illness | 10% | |
| Material Damage & BI | 15% | |
Travelers Insurance Co 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 % |
| Employers Liability (Package) | 15% |
| Employers Liability (Stand Alone) | 6% |
| Management Liability Package | 17.5% |
| Public Liability (Package) | 15% |
| Public Liability (Stand Alone) | 10% |
| Technology E&O and Cyber Liabilities | 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 Fleet | 5% |
| Motor Trade Road Risks | 5% |
| Property Covers | 15% |
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 | 5% |
| Private Car / Light Commercial Vehicle | 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% |
| 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 | 17.50% |
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 | |
| ADF&T | 10% |
| Trailer ADF&T | 10% |
| Breakdown Assistance | 5% |
| Engineering inspection | 15% |
| Haulage Fleet (FV) | 10% |
| Haulage Fleet (WF) | 5% |
| Haulage Property | 8% |
| Haulage Single Vehicle (TP) | 10% |
| Haulage Single Vehicle (TR) | 5% |
| Haulage Single Vehicle (WT) | 5% |
| Mini Fleet | 10% |
| Multi Vehicle | 5% |
| Special Types | 5% |
| Traders Transit | 5% |
XS Direct Ins. Brokers 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 | 5% |
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 | 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 % |
| Broker Household | 15% |
| Broker Household DA | 20% |
| 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% |
| Combined Property Policy | 15% |
| Commercial Combined Policy | 15% |
| Commercial Liability Policy (E.L) | 6% |
| Commercial Liability Policy (P.L) | 10% |
| Commercial Liability Policy (Products) | 10% |
| Commercial Motor Vehicle | 5% |
| Computer All Risks” Policy” | 15% |
| Contractors All Risks” Policy” | 15% |
| Engineering Policy | 15% |
| Farm Fire Policy | 12.50% |
| Farm Policy | 12.50% |
| Fidelity Policy | 15% |
| Fleet Motor Vehicle | 5% |
| Guest House All In” Policy” | 15% |
| Legal Expenses | 25% |
| Marine Policy | 17.50% |
| Mini Fleet Vehicle | 5% |
|
Miscellaneous Bonds Policy |
15% |
| Motor Traders Combined (MIA &MIB 10%) | 5% |
| Motor Traders Internal Policy | 10% |
| Office Policy | 15% |
| Private All Risks” Policy” | 15% |
| Personal Accident Policy | 15% |
| Group Personal Accident | 15% |
| Personal Accident Road & Rail | 15% |
| Residential Care Home Policy | 15% |
| Shops Policy | 15% |
| Small Craft/ Yacht Policy | 15% |
| Tradestar Office | 15% |
| Tradestar Property Owners | 15% |
| Tradestar Shop | 15% |