Insurance Broker’s source of income?

An Insurance Broker earns an income when they are paid brokerage by the Insurers they do business with. When we arrange your insurances on your behalf there is a percentage of the Insurer’s base premium and earthquake premium that we are entitled to. Commission is our source of revenue and covers the cost of providing services to you, including administration, processing costs, business overheads, IT costs etc. This allows us to provide you with a high level of service that most clients expect.

We do not negotiate on brokerage rates, because we consider the brokerage we earn to be fair and at a reasonable rate. We also charge out a fixed price for services such as risk management and business continuity planning, in this case you will be advised before hand in regards to the cost of preparing the report and sent an invoice once the report has been completed.