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Background
Abbott Insurance have a panel of sub-brokers that can take advantage of the schemes and agency agreements we have in place with niche suppliers. This is particularly the case with the combined liability insurance products. Two approaches are available - Sub-Brokers and Introducers. Abbott Insurance do not have any Appointed Representatives. Further discussion and explanation regarding the regulatory status and duties will be required before Sub-Broker or Introducer arrangements can be agreed.
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Sub Brokers Sub-Broker where you remain as the client facing broker and retain 'ownership' of the client. Commission is negotiable but you will retain the right to add your own fee. Sub-Brokers must be authorised and regulated by the Financial Services Authority and must have a signed agreement with Abbott Insurance before cover can be placed. Forms |
Introducers Introducer Agreements are where the Introducer gives the lead to Abbott Insurance. Abbott Insurance take the client facing role and 'own' the client. Introducers fees are available. Introducers are not permitted to give advice or assist in the administration of insurance contracts. Insurance would normally be incidental to your main business activity. Forms
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Further Information
Call our Compliance Officer, David Abbott, to discuss your specific requirements and to define the
agreement to meet your individual needs.
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