A fair and honest marketplace
Refer to our Terms of Business Agreement (TOBA) for full details, but you can find our key points regarding regulation below:
1. All our scheme insurers grant risk transfer to us, but as per our TOBA, this is not cascaded to brokers as standard. Consequently, we are not authorised to hold client money and our Insurer monies are kept in an Insurer Trust Account, set up in accordance with BIBA guidance.
2. On request, our insurers will consider allowing us to cascade risk transfer to placing brokers, as per this TOBA - In order for insurers to consider cascading risk transfer, we need details of what type of account you will keep the money in (bear in mind you cannot have a client money account if all insurers cascade risk transfer to you)
3. We do permit co-mingling in client money accounts and the interests of insurers are subordinated.
4. Commission is deemed as earned on receipt of the payment from your client.
5. We carry £37.5m Professional Indemnity cover (in the aggregate, £30m any one claim) and have written binding authorities with our scheme insurers.
Click the appropriate link below to download details of our Professional Indemnity Insurance or our Binding Authority Confirmations:
“The support was there from day one - which was brilliant, as we didn’t know how to claim. We had more than enough information and they wanted to help.”
We are committed to conducting our business in a responsible and sustainable way, through and through: our people, our communities, our environment.
We welcome all enquiries from new brokers. If you haven’t dealt with us before, just email us today for a log-in which will allow you access to our Broker Portal.
Although we do not deal directly with clients, we can help you find your ideal local broker who will access our niche products for you on a wholesale basis.
When considering Business Interruption coverage, it's crucial for commercial insurance clients to carefully assess their business operations, potential risks, and the specific needs of their industry to determine the appropriate indemnity period for their policy.
With the support of QBE, we have re-launched our Facilities Management scheme as Facilities and Specialists contractors, to better reflect our wider risk appetite.
In conjunction with QBE, we've put together some guidance following the recent Business Interruption FCA Test Case Supreme Court Ruling
We are pleased to announce that any quotes or renewals issued from today will be offered on our new SSR Combined product – which combines our online and offline products onto one, easy-to-use e-traded system.
QBE has developed a new toolkit to support businesses as they continue restarting their operations following the Covid-19 shutdown.
How can policyholders use terms and conditions within their contracts to limit liability in the event of a claim?