Insurance Broker

An insurance broker is a company who represent their clients in arranging cover with insurers. A broker typically has access to many schemes and can therefore compare products for their clients. Some brokers are able to advise, others simply present the comparison to their clients.

Many brokers, particularly larger brokers or intemediaries are able to get involved in the design of products for their clients. They also have some basic underwriting capabilities being given permission to make such decisions by the insurer. This is sometimes referred to as being 'given the pen'

A broker earns money on the basis of commission from each product sale. The level of commission can vary by each product. A broker may also charge administration fees for handling a clients business.

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Items in the garden could be under threat as we hit summer months
21st Mar 2012

Items in the garden could be under threat as we hit summer months Each year it is warned by home insurers that items in the garden need to be secured especially in the summer months....

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Woodstock Insurance Brokers is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk

Woodstock Insurance Brokers company number 04288957 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.