Erimus Insurance Brokers
Tel: 01642 240400

Terms of Business

Erimus Insurance Brokers Erimus Insurance Brokers Erimus Insurance Brokers Erimus Insurance Brokers Erimus Insurance Brokers Erimus Insurance Brokers

TEESSIDE INSURANCE CONSULTANTS LIMITED T/AS ERIMUS INSURANCE BROKERS

TERMS OF BUSINESS AGREEMENT

Scope and Application
The purpose of this document is to set out the basis of the Agreement under which we conduct our business and offer our services to you. Please read it carefully as it sets out the terms of our relationship and contains details of our regulatory and statutory responsibilities.

This document takes effect from 1st August 2016 or whenever it is received (whichever is the later) and supersedes any terms of business agreement that may have been previously sent to you by us. Please keep a copy of this document with your other important papers and you should contact us if there is anything in this document, which you do not understand or with which you disagree.

Introduction
We are one of the area’s leading independent insurance brokers and our continued success is based upon building long-term client relationships and the provision of a high standard of professional service. We are members of the Willis Commercial Network, and so we are also able to offer unique products to our clients, introduce efficient operating services and build strong relationships with quality and reputable Insurers, without sacrificing our independence. Being independent we are able to access a wide selection of Insurance Companies, the Lloyds market and a number of specialist schemes.

Definitions
‘We/us/our’ means Teesside Insurance Consultants Limited t/as Erimus Insurance Brokers, Sopwith Close, Stockton, TS18 3TT. Telephone 01642 240400. Fax 01642 232340. E-mail info@erimusib.com

‘Consumer’ means an individual who enters in the insurance contract wholly or mainly unrelated to the individual’s trade, business or profession.

‘Commercial customer’ means all companies or other customers who enter into the insurance contract wholly or mainly for business purposes.

Regulation
We are authorised and regulated by the Financial Conduct Authority (FCA) who set the standards and rules for the transacting of insurance business (Consumer and Commercial) between ourselves and you, the customer. Our FCA registered number is 307660 and can be verified by visiting the FCA’s Register which can be found on website http://www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.

Our Service
We act as an Independent Intermediary (broker) on your behalf.  Our service includes: advising you on your insurance needs, arranging your insurance cover with Insurers to meet your requirements, and helping you with any subsequent event or alteration to your insurance that we have placed on your behalf.  We offer a range of insurance products and have access to a number of Insurers.  We will advise you should we have any special arrangements with them or should you have to deal directly with the Insurer for on-going policy administration.  We may, for certain contracts only deal with a limited number of Insurers or use other intermediaries, if this is the case we will tell you at the time of providing your quotation.  We may issue policies on behalf of some Insurers.

Disclosure of Information
Consumers: You must take reasonable care not to make a misrepresentation to the insurer. This means that all the answers you give and statements you make as part of your insurance application, including at renewal and when an amendment to your policy is required, should be honest and accurate. If you deliberately or carelessly misinform the insurers, this could mean that part of or all of a claim may not be paid.

Commercial customers: If the insurance is arranged wholly or mainly for purposes related to your trade, business or profession you have a duty to disclose all material information, whether or not the Insurer asks for specific information, regarding your business that you know or ought to know and substantiate and justify this by means of a reasonable search. This duty applies throughout the life of your policy, and when you renew your insurance.  Material information is that which may influence an Insurer’s decision to accept the policy and/or what terms are applied. This could include:

  • Special or unusual facts relating to your risk
  • Any particular concerns which led you to seek the insurance cover for the risk
  • Anything else which is likely to be of particular concern to Insurers

Failure to disclose material information may invalidate your insurance and could mean that your claim will not be paid or the amount to be paid could be reduced.

Awareness of Policy Terms
When a policy is issued you are advised to read it carefully, as it is that document, including the schedule and any certificate of insurance that is the basis of the insurance contract you have purchased. If you are in doubt over any of the policy terms or conditions, please seek our advice promptly. Where your insurance includes Employers’ Liability cover you are required to retain your Employers’ Liability records for 40 years upon expiry, electronically or in paper format.

Documents
We reserve the right to retain certificates or other policy documents until payments due under the policy have been made. Facilities may be available for payment of premiums by instalments. Full details will be given when we discuss your insurance. If instalment facilities are used we may retain documents until we have received acceptance and/or payment from the finance provider. Where we retain documents we will provide details of your insurance cover.

Remuneration
We are remunerated for our service by receiving a percentage of the insurance premium by way of commission or brokerage. Alternatively an agreed fee may be charged or in some circumstances a combination of a fee and brokerage. Brokerage and fees are earned for the policy period and we will be entitled to retain all fees and brokerage in respect of the full policy period in relation to policies placed by us. We may earn additional income from Insurers to reflect our efficiency and/or profitability. You are entitled, at any time, to request information regarding any commission, which we may have received as a result of placing your insurance business.

Charges
We reserve the right to make charges in addition to any insurance premiums, for the arranging, amending, renewing and cancelling of any policy of insurance. Details of charges made will be declared in all correspondence with you.

Client Money Disclosures
Prior to your premium being forwarded to the insurer, and for your protection, we either hold your money as an agent of the insurer (in which case your policy is treated as being paid for), or we hold it in a client bank account on trust for you.

We may extend credit to other customers from this account and we may transfer your money to another intermediary in some cases.  However your money will be protected at all times because of the requirements of FCA rules.  We also reserve the right to retain interest earned on this account.

By accepting this Terms of Business Agreement, you are giving your consent for us to operate in this way.

Cancellation Rights For Consumers
We will give enough information and help so you can make an informed decision before you make a final commitment to buy your insurance policy. However you will have 14 days to change your mind and cancel the insurance contract from the date you receive the policy documentation.

Claims
If you have occasion to claim on your policy or you have been involved in an incident that may result in a claim you must notify us immediately. Failure to do so may invalidate your claim. In an emergency, and outside of our business hours, please refer to your policy for guidance. You should not admit liability, or agree to any course of action other than emergency measures to minimise a loss, until you have agreement from your Insurer.

Customer Protection
It is always our intention to provide a first class service. However, should you have any cause for complaint you should, in the first instance, contact Mike Ansboro, Operations Manager, verbally or in writing. Your complaint will be acknowledged within five business days advising you who is dealing with the complaint and indicating when you may expect an answer. We will provide a formal written response within 20 business days from receipt of the original complaint, unless we are waiting information from another party, in which case we will advise the likely time scale involved. If we cannot settle your complaint you may be entitled to refer it to the Financial Ombudsman Service on 0800 023 4567 or 0300 123 9123 or complaint.info@financial-ombudsman.org.uk.  Further information is available at http:/www.financial-ombudsman.org.uk.

Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS) and therefore you may be entitled to compensation from them if we should be unable to meet our obligations. Further information about compensation scheme arrangements is available from the FSCS. (www.fscs.org.uk or 0800 678 1100 or 020 7741 4100)

Data Protection
All personal information about you will be treated as private and confidential (even when you are no longer a customer), except where the disclosure is made at your request or with your consent in relation to administering your insurance or where we are required by law.

Some or all of the information you supply to us in connection with your insurance proposal may be passed to insurance and other companies for underwriting, claims and premium collection purposes. Your data will be held in accordance with the Data Protection Act 1998, under which you have a right of access to see personal information about you that is held in our records, whether electronically or manually.  If you would like a copy of your policy record, please request this in writing enclosing a cheque for £10 payable to Teesside Insurance Consultants Ltd t/a Erimus Insurance Brokers.

We and/or the insurers and/or credit providers may use publicly available data from a variety of sources, including credit reference agencies and other external organisations to verify your identity or creditworthiness , to avoid fraud, and to obtain beneficial quotes and payment options on your behalf. Each of the searches may appear on your credit report whether or not your application proceeds.

By agreeing to these terms and conditions you agree to these uses of your information

Governing Law
The parties are free to choose the law applicable to a contract of insurance. Unless specifically agreed to the contrary, all contracts arranged through our agency are subject to the law of England and Wales.

Severability 
If any provision of these Terms of Business is found to be invalid or unenforceable in whole or in part, the validity of the other provisions of these Terms of Business and the remainder of the provision in question will not be affected.

Contracts (Rights of Third Parties) ACT 1999
The provisions of the above Act do not apply to this Terms of Business Agreement.

Note
Your acceptance of these terms does not affect your normal legal rights.

Version IA 1.8.16

quick contact

For further details about our business services, please contact us using the infomation below:

Tel: 01642 240400
Fax: 01642 232340
Email: info@erimusib.com

mercedes benz retail corporate sales

TIC and Erimus Insurance Brokers are delighted to announce that Mercedes-Benz Retail Group trading as Corporate Sales have agreed access for all TIC and Erimus's customers to preferential rates and terms for the supply of new Mercedes-Benz cars. If you are in the market for a new car and particularly enjoy the prestige Mercedes-Benz brand we are confident that we will be able to introduce you to the best rates and terms available. You can access Mercedes-Benz Retail Group Corporate sales by clicking here. Alternatively, please call us on our main land line number and we will set the 'wheels in motion' towards obtaining your new Mercedes.

Please note: If your enquiry is made by email via the links on our websites or directly on the phone to Mercedes-Benz Retail Corporate Sales, to obtain our preferential terms you MUST state or mention in the comment box "referred by Erimus Insurance Brokers" or "referred by Teesside Insurance Consultants (TIC)".

Erimus Insurance Brokers is a trading name of Teesside Insurance Consultants Ltd. Registered in England No. 2043783. Authorised and regulated by the Financial Conduct Authority No. 307660.
Directors: P.J. Davison, S.D.E. Hughes, I. Miller ACII, S.S. Pinnell. Non Executive Director: G. Lumby MBE, FCIBS.
Company Secretary: C. L. Nolan.
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