Common use of Remuneration and fees Clause in Contracts

Remuneration and fees. In most cases we are paid a commission by the insurer but, in some circumstances, we may charge you a broking fee for our services instead of earning commission, or a combination of both if the commission is insufficient to cover our costs. We will tell you how we will be remunerated for each policy we place for you before we arrange cover. There may be occasions when we need to charge an additional broking fee, for example changes to the risk that require significant further advice and placement of additional coverage, the provision of additional risk management services or substantial involvement in any large, difficult, or complex claims. We will agree the amount of any additional fee with you before you become liable to paying it. We will also make individual client administration charges per policy: New Business £30 Renewal/ Replacement £30 Mid-term Adjustment - per occurrence £30 Cancellation (including during the 14-day Cooling Off period) £50 If you make a change or cancel your policy mid-term which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services. Where we charge a fee, this will not be liable for insurance premium tax or value added tax (insurance is a VAT exempt supply). Our commission and fee(s) are earned on placement of Your insurance. All fees will be clearly shown in any invoice we issue to you, and we will advise you of the amount of any charge before you become liable to paying it. We have arrangements with some insurers and with Close Brothers Premium Finance (“CBPF”) to receive additional payments reflecting the size and/or profitability of our account with them and/or in respect of work we undertake on their behalf. Where we arrange premium finance on your behalf, we do not charge you a fee for introducing you to the finance provider, but we will receive a commission from them, for our assistance in putting this financing in place. The amount of this commission is determined by us. It is calculated as a percentage of the amount of premium you have financed under the credit agreement. For new premium finance agreements and agreements which require significant changes (other than the amount of premium funding) the amount of our earnings will be disclosed to you by CBPF prior to you signing your credit agreement. Please note that if you do not consent to the commission, you will be unable to use this finance facility. For renewing finance agreements, the amount of our earnings will be disclosed to you by CBPF in the renewal welcome pack. Where we introduce you to risk management services provided by a third party, we will receive a commission from them for the introduction. You may at any time request information regarding any commission which we may have received as a result of placing your insurance business and any related premium finance.

Remuneration and fees. In most cases we are paid a commission by the insurer but, in some circumstances, we may charge you a broking fee for our services instead of earning commission, or a combination of both if the commission is insufficient to cover our costs. We will tell you how we will be remunerated for each policy we place for you before we arrange cover. There may be occasions when we need to charge an additional broking fee, for example changes to the risk that require significant further advice and placement of additional coverage, the provision of additional risk management services or substantial involvement in any large, difficult, or complex claims. We will agree the amount of any additional fee with you before you become liable to paying it. We will also make individual client the following administration charges per policy: New Business £30 Renewal/ Replacement £30 Mid-term Adjustment - per occurrence £30 Cancellation (including during the 14-day Cooling Off period) £50 If you make a change or cancel your policy mid-term (other than in the 14-day Cooling Off period) which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services. Where we charge a fee, this will not be liable for insurance premium tax or value added tax (insurance is a VAT exempt supply). Our commission and fee(s) are earned on placement of Your insurance. All fees will be clearly shown in any invoice we issue to you, and we will advise you of the amount of any charge before you become liable to paying it. We have arrangements with some insurers and with Close Brothers Premium Finance (“CBPF”) to receive additional payments reflecting the size and/or profitability of our account with them and/or in respect of work we undertake on their behalf. Where we arrange premium finance on your behalf, we do not charge you a fee for introducing you to the finance provider, but we will receive a commission from them, for our assistance in putting this financing in place. The amount of this commission is determined by us. It is calculated as a percentage of the amount of premium you have financed under the credit agreementagreement and added to the funded amount. For new premium finance agreements and agreements which require significant changes (other than the amount of premium funding) the amount of our earnings will be disclosed to you by CBPF prior to you signing your credit agreement. Please note that if you do not consent to the commission, you will be unable to use this finance facility. For renewing finance agreements, the amount of our earnings will be disclosed to you by CBPF in the renewal welcome pack. Where we introduce you to risk management services provided by a third party, we will receive a commission from them for the introduction. You may at any time request information regarding any commission which we may have received as a result of placing your insurance business and any related premium finance.

Remuneration and fees. In most cases we are paid a commission by from the insurer butinsurer, however in some circumstances, cases we may charge you a broking fee for our services instead of earning commissioninstead, or a combination of both if the both. If we charge a fee instead of commission is insufficient to cover our costs. We will tell you how we will be remunerated for each policy we place for you before we arrange cover. There may be occasions when we need to charge an additional broking fee, for example changes to the risk that require significant further advice or a fee and placement of additional coverage, the provision of additional risk management services or substantial involvement in any large, difficult, or complex claims. We will agree the amount of any additional fee with you before you become liable to paying it. We will also make individual client administration charges per policy: New Business £30 Renewal/ Replacement £30 Mid-term Adjustment - per occurrence £30 Cancellation (including during the 14-day Cooling Off period) £50 If you make a change or cancel your policy mid-term which results in a return premiumcommission, we will retain all fees and any commission confirm this to cover our administration and advisory servicesyou in writing at the time of incepting or renewing your policy. Where we charge you a fee, fee this will is not be liable for insurance premium tax or value added tax (insurance is a VAT exempt supplyindustry). Our There may be occasions when we need to charge an additional fee, for example any changes to the risk that require significant further advice, arrangement of additional cover or substantial assistance provided in any large or complex claims. We will provide you with information on the nature and amount of the fees we charge before placing, or renewing, your policy, and will also on request provide details of the commission and fee(s) are earned on we earn for that placement or renewal. We may also charge you an administration fee for making a change to, or for cancelling, your insurance policy. The amount of Your insurance. All fees such fee will be clearly shown confirmed in any invoice we issue writing to you, and we will advise you prior to the change to your policy being made or cancellation of your policy. Where the amount of the refunded premium is less than £10 (per policy) we will retain such amount, but where a mid-term adjustment or cancellation charge is made, we will set it off against such charge. This paragraph does not otherwise affect any charge before cancellation/refund rights which you become liable may have. In addition to paying it. We have arrangements with your fee and/or insurer commission some insurers and with Close Brothers Premium Finance (“CBPF”) to receive may make additional payments to us reflecting the size and/or profitability of our account with them and/or in respect of work we undertake on their behalf. Duty to Disclose Accurate and Full Information It is your responsibility to take reasonable care and, when asked, to answer all questions fully and accurately to insurers and us prior to and when you purchase an insurance policy, throughout the life of the policy and when you renew that policy. Failure on your part to immediately disclose accurate information when asked or provide misleading information could result in your insurer imposing different terms on the policy, charging a higher premium, or in some circumstances may avoid the policy from inception and any claims would not be paid. All statements and material facts disclosed on proposal forms, statements of fact, claims forms and other documents should be full, true and accurate. Material facts are those that would influence an insurer in deciding whether or not to accept a risk and the terms and conditions that would apply. Where we arrange premium finance forms are completed or partially completed on your behalf, we do not charge you should check them for accuracy before signing. If you are in any doubt as to whether a fee for introducing you to the finance provider, but we will receive a commission from them, for our assistance in putting this financing in place. The amount of this commission fact is determined by us. It is calculated as a percentage of the amount of premium you have financed under the credit agreement. For new premium finance agreements and agreements which require significant changes (other than the amount of premium funding) the amount of our earnings will be disclosed to you by CBPF prior to you signing your credit agreement. Please note that if you do not consent to the commissionrelevant, you will be unable to use this finance facility. For renewing finance agreements, the amount of our earnings will be disclosed to you by CBPF in the renewal welcome pack. Where we introduce you to risk management services provided by a third party, we will receive a commission from them should disclose it and then ask for the introduction. You may at any time request information regarding any commission which we may have received as a result of placing your insurance business and any related premium financeguidance.

Remuneration and fees. In most cases we are paid a commission by the insurer but, in some circumstances, we may charge you a broking fee for our services instead of earning commission, or a combination of both if the commission is insufficient to cover our costs. We will tell you how we will be remunerated for each policy we place for you before we arrange cover. There may be occasions when we need to charge an additional broking fee, for example changes to the risk that require significant further advice and placement of additional coverage, the provision of additional risk management services or substantial involvement in any large, difficult, or complex claims. We will agree the amount of any additional fee with you before you become liable to paying it. We will also make individual client administration charges per policy: New Business £30 100 Renewal/ Replacement £30 100 Mid-term Adjustment - per occurrence £30 50 Cancellation (including during the 14-day Cooling Off period) £50 If you make a change or cancel your policy mid-term which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services. Where we charge a fee, this will not be liable for insurance premium tax or value added tax (insurance is a VAT exempt supply). Our commission and fee(s) are earned on placement of Your insurance. All fees will be clearly shown in any invoice we issue to you, and we will advise you of the amount of any charge before you become liable to paying it. We have arrangements with some insurers and with Close Brothers Premium Finance (“''CBPF”'') to receive additional payments reflecting the size and/or profitability of our account with them and/or in respect of work we undertake on their behalf. Where we arrange premium finance f inance on your behalf, we do not charge you a fee for introducing you to the finance f inance provider, but we will receive a commission from f rom them, for our assistance in putting this financing f inancing in place. The amount of this commission is determined by us. It is calculated as a percentage of the amount of premium you have financed f inanced under the credit agreementagreement and added to the funded amount. For new premium finance f inance agreements and agreements which require significant changes (other than the amount of premium funding) the amount of our earnings will be disclosed to you by CBPF prior to you signing your credit agreement. Please note that if you do d o not consent to the commission, you will be unable to use this finance f inance facility. For renewing finance f inance agreements, the amount of our earnings will be disclosed to you by CBPF in the renewal welcome pack. Where we introduce you to risk management services provided by a third party, we will receive a commission from f rom them for the introduction. You may at any time request information regarding any commission which we may have received as a result of placing your insurance business and any related premium financef inance.

Remuneration and fees. In most cases we are paid a commission by the insurer but, in some circumstances, we may charge you a broking fee for our services instead of earning commission, or a combination of both if the commission is insufficient to cover our costs. We will tell you how we will be remunerated for each policy we place for you before we arrange cover. There may be occasions when we need to charge an additional broking fee, for example changes to the risk that require significant further advice and placement of additional coverage, the provision of additional risk management services or substantial involvement in any large, difficult, or complex claims. We will agree the amount of any additional fee with you before you become liable to paying it. We will also make individual client administration charges per policy: New Business £30 85 Renewal/ Replacement £30 85 Mid-term Adjustment - per occurrence £30 85 Cancellation (including during the 14-day Cooling Off period) £50 85 If you make a change or cancel your policy mid-term which results in a return premium, we will retain all fees and any commission to cover our administration and advisory services. Where we charge a fee, this will not be liable for insurance premium tax or value added tax (insurance is a VAT exempt supply). Our commission and fee(s) are earned on placement of Your insurance. All fees will be clearly shown in any invoice we issue to you, and we will advise you of the amount of any charge before you become liable to paying it. We have arrangements with some insurers and with Close Brothers Premium Finance (“''CBPF”'') to receive additional payments reflecting the size and/or profitability of our account with them and/or in respect of work we undertake on their behalf. Where we arrange premium finance on your behalf, we do not charge you a fee for introducing you to the finance provider, but we will receive a commission from them, for our assistance in putting this financing in place. The amount of this commission is determined by us. It is calculated as a percentage of the amount of premium you have financed under the credit agreementagreement and added to the funded amount. For new premium finance agreements and agreements which require significant changes (other than the amount of premium funding) the amount of our earnings will be disclosed to you by CBPF prior to you signing your credit agreement. Please note that if you do not consent to the commission, you will be unable to use this finance facility. For renewing finance agreements, the amount of our earnings will be disclosed to you by CBPF in the renewal welcome pack. Where we introduce you to risk management services provided by a third party, we will receive a commission from them for the introduction. You may at any time request information regarding any commission which we may have received as a result of placing your insurance business and any related premium finance.