quotation systems for brokers and IFAs

commercial insurance

An introduction to Commercial Insurance

How many of your clients own or manage businesses?

You could be developing a significant additional income stream with minimal effort simply by referring those clients to Source.

We can now give you access to a wide range of Commercial Insurance packages covering most business sectors.

Easy client referral system

The best thing about this service is that you don't even need to learn the basics of commercial insurance underwriting - you just forward the client's contact details to us and let them know to expect our call.

One of our team of experienced underwriters will then contact your client and offer a quote on your behalf. You are then able to track the progress of each quotation via our broker intranet.

We take care of all the administration and compliance for you so you don't even need your own FSA permissions.

Quality Service - Quality Insurers

You can be confident that your clients are in good hands. Not only are we committed to delivering impeccable levels of service through our team of in-house underwriters and administrators, but we also only offer quotes from Insurance Companies with superior levels of cover and a good reputation for claims handling.

A range of enhanced products are available for additional peace of mind and we also offer competitive premium financing arrangements.

Acceptance Criteria

This service is designed to accommodate a wide range of standard business classifications operating within typical parameters for their sector. These sort of SME businesses can placed and serviced by telephone. No site visits are required.

We make every effort to place as many cases as possible, but there are of course exceptions. If we find that none of the insurers on our panel are willing to quote for a particularly complex or risky business, we will advise you at the earliest possible juncture.

Commission

If the client decides to take up the quote, you will receive 15% commission* - not only at the new business stage but also on all future renewals including trail commission after you retire or choose to leave the industry.

With an average premium of £800 on our Commercial Insurance cases, the potential income from the recurring renewal commission on this class of business is considerable.

See what you can earn selling commercial insurance:

Assumptions:  £800 Average Premium, 85% Renewal Retention, 15% Commission*

* There are certain complex risks that will attract a lower rate of commission - typically 10% - but that will be agreed in advance.

How to refer clients

You can phone or email your clients' details to us or refer them via the 'Client Referral' interface on our website.

For more information or to get started, just give us a call on 029 2026 5266 or click here to find out more about the client referral process.