businessinsure
Businessinsure Terms and Conditions - PAGE 1
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1 - Authorisation
Businessinsure Ltd is an Independent Insurance Intermediary (Broker). We
are authorised and regulated by the Financial Services Authority (FSA).
The FSA is the independent watchdog that regulates financial services.
Our FSA number is 303964
We are permitted to advise on, arrange and assist in the administration and performance of general insurance contracts.
Our registered address is
24 Whitefriars Street
Perth
PH1 1PP
Our trading address is
196a South Street
Perth
PH2 8NY
This information can be checked by visiting the FSA’s website www.fsa.gov.uk/register or contacting the FSA on 0845 606 1234.
2 - Level of Service and Products Offered
In relation to the general insurance products we offer, we can provide advice, or information:
a) on the basis of a fair analysis of the market; or
b) from a limited number of Insurers; or
c) from a single Insurer.
Where we offer advice or information from a limited number of Insurers, or a single Insurer, we will advise you and, if you ask us to do so, we will provide you with a list of the
Insurer’s.
Before your insurance contract is concluded, you will be provided with a written quotation, this may be sent by post, email or by facsimile. The quotation will be based on information you have declared to us either verbally or in writing.
If you request it, or if you require immediate insurance cover, we can give you this quotation orally but, in any event, we will still provide you with a written version as soon as possible. Unless otherwise agreed, any quotation given will remain valid for a period of thirty (30) days from the date of issue of the quotation.
Whilst we will take all reasonable steps to place your insurance with an insurer capable of meeting its future liabilities, we are unable to guarantee the continuing solvency of any company and do not accept liability for any losses arising or any additional costs in replacing the insurance with an alternative insurer.
3 - Remuneration
The remuneration we receive for our services is normally in the form of brokerage, this is a percentage of the insurance premium paid by you and allowed by the insurer with whom the insurance is placed. There may be occasions where we will charge you a fee for administration services in addition to any insurance premiums. Where this is the case, we will fully outline the fees within your premium calculation. In addition to such brokerage or agreed fees basis of remuneration, we may also benefit from earnings which are receivable from premium finance companies calculated by reference to the total volume of premiums financed, delinquency ratios and average financing rates applied
