Our Remuneration

 We, Blackfriars 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 intermediaries, 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 intermediary which it has agreed with its product producers.

 What is Remuneration?

Remuneration is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer.   The amount of remuneration is generally directly related to the value of the products sold.

What is Commission?

Commission is payment that may be earned by an intermediary for work undertaken for both provider and consumer.

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.

 

Insurer/Provider Product Type Commission%
Joseph G Brady Limited t/a Brady Underwriting Tradesman & Professionals Package 10.00
Personal Accident & Sickness 10.00
Beazley Solutions Ltd PI Combined 15.00
Other Liability 15.00
Tradesman & Professionals Package 15.00
CBC UK Ltd PI Combined 10.00
CFC Underwriting Ltd PI Combined 20.00
Event Insurance Services Ltd Special Events 10.00
Tradesman & Professionals Package 10.00
Everard Insurance Brokers Ltd Tradesman & Professionals Package 0.00
Frost Underwriting Legal Expenses 15.00
Combined Liability 15.00
Commercial Combined Package 15.00
Shops & Salons Package 10.00
Tradesman & Professionals Package 15.00
Contractors Combined 15.00
Property Owners 15.00
HCC International Insurance Company Plc PI Combined 20.00
Directors & Officers Liability 20.00
International Transport Intermediaries Club Ltd PI Combined 16.00
Leisure-Insure Ltd t/a Leisureinsure Commercial Combined Package 10.00
Tradesman & Professionals Package 10.00
Mediguard PI Combined 10.00
Optis Insurances Limited PI Combined 25.00
Offices & Surgeries Package 15.00
Shops & Salons Package 15.00
Tradesman & Professionals Package 15.00
Property Owners 15.00
Robertson Low PI Combined 10.00
The Underwriting Exchange Ltd Tradesman & Professionals Package 12.50
Thomond Underwriting Ltd Combined Liability 15.00
Tradesman & Professionals Package 15.00
Contractors Combined 15.00
Towergate  Tradesman & Professionals Package 7.50
 
01 234 2519 Blackfriars Group