Member Exclusive Deal from Folgate Insurance Company Ltd

1 December 2019

You will soon be able to benefit from another member exclusive deal.

From 1st December 2019, Folgate will offer the commission upgrades detailed in the table below which are sure to make a fantastic impact on your business.

ProductsCurrent Broker CommissionsNew CommissionFlexible Commission
All Business Excluding Property Owners18.50%20.00%0% – 32.50% (25% Max Contractors)
Property Owners23.50%25.00%0% – 37.50%
New Binding AuthoritiesBespokeBespokeBespoke

Please note that the change in commission will be from the date any risks (new or renewal) are quoted, not the date they are incepted. To find out more, please speak to your BDM.

Ian Russell, Chief Underwriting Officer said “From the Folgate launch this year, the Compass Network is growing at a fast pace and we want to reward compass brokers with higher commissions and a service that they deserve. We are also looking forward to start trading with new Compass members that we currently do not deal with. On behalf of the team, thank you for your continued support”.

Don’t just take our word for it:

“Lauren, Justine and their teams at Folgate have consistently delivered a personal and professional service throughout our dealings with them. If like us, you’re looking for an insurer to trade with, then my advice is to go with one that is a specialist in that area and can take the hassle out of an insurer/broker relationship. We started this journey earlier in 2019 and by October, we had incepted our new Binding authority (100% Underwritten by Folgate) and as of now, we are currently writing business in our chosen sector.”

It’s been an absolute Joy to work with Folgate.

Lee Taylor – Managing Director T&R Direct Ltd

For further details, please speak to your dedicated BDM.

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