The panel will be available through a dedicated website and will give brokers access to Aviva, Zurich, RSA and Towergate Underwriting via a dedicated website.
Geoff Hall, managing director of Berkeley Alexander, said: “Until now advisers didn’t have the ability to tap into their clients’ commercial insurance needs quickly and easily and secure a lucrative place in the distribution chain.
“Now we’re able to change that. We are offering to support selected advisers in developing a significant commercial insurance book with their clients.
“Our team will be on hand with training to help them behind the scenes, but the crucial client relationship remains with the adviser and the commission income is significant.”
DataMonitor figures suggest annual premiums paid to insure commercial property and the UK’s SME businesses are worth approximately £60bn per year, which Berkeley Alexander said generates commission in excess of £10bn.
Hall said: “The potential to tap into this lucrative market has never been greater as these businesses are looking at all of their outgoings due to the pressure of the economy.
“IFAs and mortgage brokers are in a prime position as many small business owners are amongst those seeking financial advice from this professional sector.”
The system will provide access to various classes of commercial insurance for property owners and SME businesses, such as shops, offices, surgeries and restaurants.
The product range will also cover both residential buy-to-let and commercial property as well as single properties or portfolios of properties.
Roy McLoughlin, IFA at Master Adviser, said: “For the busy mortgage broker this makes a lot of sense and sounds like a great tool. It will probably save advisers a lot of time sourcing products directly themselves or losing out on commission by referring this sort of business.”
