Commitments Protection is a wholesale provider of General Insurance products to the IFA and Mortgage Broker market and have been appointed as a general insurance provider and panel member to over thirty Networks.
“We are very mindful of the need for all general insurance products to be “fit for purpose” and “best advice”. This new contract enables brokers to select a Deferment Period to match their client’s Employment Contract Notice Period and Sickness Benefit Period rather than utilise the standard “Back to Day” One cover.
But the really innovative aspect of You decide! lies in giving the broker the ability to select either the Selling Rate or his Commission Rate for the Policy.
We wish to give the broker the freedom to charge or earn according to his discretion and this is, effectively, the first NET RATED ASU product on the market. In other words, we TRUST the Broker to act ethically rather than impose a version of Re-sale Price Maintenance.
It is bound to cause controversy but we strongly believe that this is the way forward in this “Age of Compliance”.
This product will be available from the 1st January 2005 and sits alongside our highly competitive existing product range which will continue to be available.
