Stop press - Terrorism commission change for small business insurance products
From 24 November 2005 the commission rate for Terrorism cover as part for our small business insurance products has increased from 5% to 16.5%.
Earlier this year we incorporated Terrorism cover into the main small business insurance cover but retained commission at a separate levels. We were aware that this had been creating difficulties for some of you and in view of this have increased the commission on small business Terrorism cover to the standard rate of 16.5%. This change has been made without altering the premium rating so your customers will not pay any extra for this cover than currently.
