About our insurance services
1. Who are we?
Blackfriars Insurance Brokers Limited is an independent
intermediary.
2. We are authorised and regulated by the Financial Services
Authority (FSA)
The FSA is the independent watchdog that regulates financial
services. It requires us to give you this document. Use this
information to decide if our services are right for you.
Our FSA Register number is 308518. You can check this on the FSA's
Register by visiting the FSA's website www.fsa.gov.uk/register or by
contacting the FSA on 0845 606 1234. Our permissions enable us to
act in relation to non-investment insurance contracts.
3. Whose products do we offer?
We offer a range products from a range of insurers for general
insurance.
4. Which service will we provide you with?
You will not receive advice or recommendation from us for general
insurance. We may ask some questions to narrow down the selection of
products that we will provide details on. You will then need to make
your own choice about how to proceed.
5. What you will have to pay us for this service?
We are paid by commission that forms part of the premium paid or by
a fee that we agree with you before you commit to the insurance or
by a combination of these.
We may also charge a fee in the in the following circumstances:-
£10.00 for a policy renewal.
£25.00 for any mid term adjustments to the policy in addition to any
insurer charges.
£25.00 for cancellation of a policy in addition to any insurer
charges.
£25.00 for each request for duplicate certificates.
£25.00 for each request for duplicate policy documents.
£15.00 for provision of insurance details to third parties.
On request we will tell you how much we have been paid for our
services relating to your policy.
6. Commission Disclosure
Prior to the conclusion of each insurance contract, or upon renewal,
we will remind you of your right to be advised of the level of
commission we receive from underwriters. You are entitled, at any
time, to request information regarding commission we may have
received as a result of placing your insurance business.
7. What to do if you have a complaint
It is our intention to provide you with a high standard of service
at all times but if you wish to register a complaint, please contact
us:
In writing: to the David J Burton, Managing Director at the above
address
By e-mail: to djb@blackfriarsgroup.co.uk
By telephone: 01270 767327
By fax: 01270 768585
If you cannot settle your complaint with us you may be able to refer
to the Financial Ombudsman Service.
8. Are we covered by the Financial Services Compensation Scheme
(FSCS)?
We are covered by the FSCS and you may be entitled to compensation
from the scheme if we cannot meet our obligations. This depends on
the type of business and the claim circumstances.
For compulsory classes of insurance, advising and arranging is
covered for 100% of the claim, without upper limit. For other
classes cover is for 100% of the first £2,000 and 90% of the
remainder of the claim, again without any upper limit.
Further information about the compensation scheme arrangements is
available from the FSCS.
9. Looking after your money
Your money is held in a client account managed in accordance with
FSA statutory trust rules until it is passed to the insurer or
returned to you. We will retain any interest earned on this account.
Some insurers have appointed us as agents for the receipt of money
and where this applies they specify the banking arrangements for
their money.
We will only use your money to pay insurers or intermediary brokers
for your insurance. As an extra safeguard, we will only take
commission from an insurer after we have paid them your premium.
10. Payment
You are responsible for paying premiums by the due date. We have no
obligation to fund premiums for you and have no responsibility for
any loss you may suffer as a result of the insurer cancelling the
policy due to non-payment.
We normally accept payment by cash, cheque, debit or credit card.
Direct debit facilities may be available with your insurer. Please
ask for details.
We offer instalment facilities through a single provider, Close
Premium Finance, with a 30% deposit and the balance paid over 10
months. We provide details of interest payable if you are interested
in this option.
11. Your duty of disclosure
It is your responsibility to provide complete and accurate
information to insurers when you take out your insurance policy.
It is important that you ensure all statements you make on proposal
forms, claim forms and all other documents are full and accurate.
If you fail to disclose any material facts to your insurers at the
outset or other relevant time including renewal this may invalidate
your insurance and result in all or part of a claim not being paid.
If you are unsure what constitutes a material fact you may ask us
for guidance.
12. Your responsibility to read all documents
When a policy and related documents, e.g. policy summary, demands
and needs statement, are issued you are strongly advised to read
them carefully as they form the basis of the cover you have
purchased.
If you are in doubt over any of the policy terms or conditions,
please seek our advice promptly.
13. Your cancellation rights
Retail clients have the right to cancel new policies within 14 days
of receipt and renewal instructions within 14 days of renewal. If
this right is exercised insurers will charge for the cover provided
including administration costs. Full details are provided in your
policy summary.
This right is in addition to any other cancellation right retail
clients have after expiry of the 14-day period.
For commercial clients if there is any right to cancellation or
refund this is detailed in your policy.
Our own charges are separate and if the policy is cancelled at any
time these will not be refunded.
Any return premiums allowed by insurers due to cancellation will be
reduced by the amount of commission we receive.
14. Protecting your data
Insurers share information with each other to aid the prevention of
fraudulent claims. In the event of a claim information is placed on
industry registers for analysis.
Under the Data Protection Act you have the right of access to your
personal records held on our files and we will tell you the fee if
you ask us for a copy of your information.
Confidential data is not otherwise shared with other parties unless
it is a legal or regulatory requirement.
14. What to do in the event of a claim
If you want to claim on your policy you should use your insurer
claim line (details in your policy) or notify us immediately by
telephone 01270 767327 or by e-mail to mail@blackfriarsgroup.co.uk.
You should not admit liability nor agree to any course of action,
other than emergency measures carried out to minimize the loss,
until you have agreement from either your insurer or us.
Where required we will provide you with reasonable guidance in
pursuing your claim for as long as you remain a customer of
Blackfriars Insurance Brokers Limited.
15. Quotation validity
Unless we specifically advise to the contrary we will stand by
quotations for 30 days from date of issue.
16. Document retention
We reserve the right to retain certificates at this office until all
payments due under the policy have been made and any cheques cleared
through our bank account. By accepting this agreement you agree that
delivery of any certificate of insurance to Blackfriars Insurance
Brokers Limited shall constitute delivery to yourselves in
accordance with statute law.
17. Governing law
The laws of England & Wales govern this agreement and the parties
agree that any dispute arising from it is subject to the exclusive
jurisdiction of the English courts.