quotation systems for brokers and IFAs

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Flexible Commission

Our Commission Promise

Beat the Price Comparison sites one quote at a time

Previously, the commission you earned was a fixed percentage, but now you can vary your commission rate case-by-case to control the premiums quoted.

This means on some cases you can opt to take a lower commission rate to match your client's target premium and on others, where insurer pricing is more competitive to start with, you can take a higher commission rate.

Set commission case-by-case and take control of pricing

On the quote results screen, you'll now see a new slider. Just drag the indicator to your desired commission level for each new client and see the premiums on the quote results screen change immediately.

Simply choose the commission rate that best balances your client's price expectations and your total earnings.

Better a smaller slice of something than a big slice of nothing

As a broker you're best placed to know if a quote is competitive
It makes sense that you can adjust the insurer pricing

No single insurer can always be the most competitive in all areas of the country and for all client and property types. That's why we offer a choice of the UK's top insurers.

Even when your client calls us to cancel their policy we do our best to keep the business ...and keep paying you commission.

When a client contacts Source to cancel their policy, we actively try to save the business by offering a new quote. If that quote is accepted by the client, we assign the rebroked case to your Broker Account, and pay commission for the full life of the new policy at the same rate it was originally submitted.

That's why we're giving you the tools to respond to such localised variations in Insurer pricing strategy.

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Our commission rates

Our Commission Promise

We guarantee to pay commission for the full life of the policy irrespective of new business levels ...including after you retire or choose to leave the industry.

It has been in the news recently that some other providers are drastically cutting commission for brokers who don't meet certain minimum new business targets and we were concerned by speculation that Source Insurance might follow suit.

We won't. In fact we have been moving in exactly the opposite direction

In 2010 we introduced the facility for all brokers to set their own commission rates on Home Insurance (up to 27.5%) and in doing so, we removed the new business volume requirements for our enhanced commission deals.

Even when your client calls us to cancel their policy we do our best to keep the business
...and keep paying you commission.

When a client contacts Source to cancel their policy, we actively try to save the business by offering a new quote. If that quote is accepted by the client, we assign the rebroked case to your Broker Account, and pay commission for the full life of the new policy at the same rate it was originally submitted.

We know that our business is only as solid as your trust in us, which is why we feel it's particularly important that we clarify our position at this time.

We would invite you to review our Terms of Business here and if you feel that anything at all needs clarification, just call our team on 029 2026 5266 or email sales@thesource.co.uk.

Jump to:  

Our commission rates

Flexible Commission