Broker Agreement - Pound Gates Nursery Insurance

Broker Agreement

Brokers are important to us so in addition to providing you with a clear and concise Terms of Business Agreement we will also provide you with first class service from speed of quotation turnaround to accuracy of documentation and invoices.

We will also provide you with the information you need to comply with your regulatory obligations.

Risk Transfer – generally, we have the benefit of risk transfer from our scheme insurers. We are not, however, in a position to cascade risk transfer to our introducing brokers. Therefore you should not regard monies as having been paid to the insurer until they have been paid to us

Sometimes we may place business on your behalf outside of our schemes with insurers who do not provide us with risk transfer. We would advise you to always satisfy yourself as to the risk transfer position before placing a client on cover.

PDF Sample Terms of Business Agreement

We are extremely satisfied with our insurance through Pound Gates, the staff are most helpful and very knowledgeable. When we were unfortunate enough to have to make a claim it was dealt quickly and efficiently and with minimum disruption to the business – Hopscotch Nursery

Hopscotch Nursery Nursery Insurance July 21, 2016

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