Specialist brokers. In brief, specialist brokers must have the resources, knowledge and competence to provide clients with a full day-to-day servicing role.
Specialist brokers. (non-premium collecting) We will pay commission due to Specialist Brokers shortly after the end of the month following the month in which we debited the premium.
Specialist brokers. A rate of 15% of the contract premium payment for the first contract period, and each subsequent contract period (subject to 6.1). Standard rates - General brokers A rate negotiated at the time we receive a completed Questionnaire/Application form. New-new business rates Defined as business that is either brand new to the market or for a firm that has not been credit insured in the previous twelve (12) months: 20% of the contract premium payment for the first contract period and 15% of each subsequent period’s contract premium payment (subject to 6.1). Global solutions business 15% for all new and existing contracts where the turnover of the client is EUR 250 millions or more and there are policies in more than one (1) country. In no event shall the commission level exceed 20%. All broker commission will be paid annually in advance, regardless of the length of the contract. These brokerage rates apply to Domestic and Export policies where the client is based in the UK or Ireland. These rates do not apply to policies domiciled outside the UK or Ireland. We reserve the right to amend this addendum from time to time at our discretion giving brokers prior notice.
Specialist brokers. 15% of the contract premium payment for the first contract period and each subsequent contract period (subject to 6.1). Standard rates - General brokers A rate negotiated at the time we receive a completed Questionnaire. New-new business rates Defined as business that is either brand new to the market or for a firm that has not been credit insured in the previous 12 months; 20% of the contract premium payment for the first contract period and 15% of each subsequent period’s contract premium payment (subject to 6.1). Global solutions business 15% for all new and existing contracts where the turnover of the client is EUR 250 million or more and there are policies in more than one country. In no event shall the commission level exceed 20%. All broker commission will be paid annually in advance, regardless of the length of the contract. These brokerage rates apply to Domestic and Export policies where the client is based in Ireland or the UK. These rates do not apply to policies domiciled outside Ireland or the UK.
