Remuneration

Statement of Charges

We may earn our remuneration on the basis of fee, commission and any other type of remuneration, including a non-monetary benefit or on the basis of a combination of these methods. A non-monetary benefit will only be accepted if it enhances the quality of the service to our clients.
A summary of the details of all arrangements for any fee, commission other reward or remuneration paid or provided to us which have agreed with product providers is available in our office or on our website – www.jvhutton.com
In certain circumstances, it will be necessary to charge a fee for services provided. These are listed below. In other circumstances where fees are chargeable or where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined below. Where it is not possible to provide the exact amount, we will provide you the method of calculation of the fee.


Fees & Charges

We may apply an administration charge of €300 per hour for Directors and consultants and €150 for support staff for broad based advice on non-life insurance advice. We may charge €100 fee for arranging new direct debit facilities on private car policies and 1% on Finance arranged through Close Premium Finance.

All Motor / Fleet Policies up to 30%. Household up to 30% Commercial Combined up to 30% Combined Liability up to
30%. Mid Term Alterations on Private Car and Commercial Motor attract a €25 charge. We reserve the right to amend these fee’s should the complexity of the product require a higher fee. Any increased fee will be notified to you at least
30 days in advance of renewal date. Fee’s may be waived by JV Hutton in certain circumstances. The amount charged as our administration fee will be shown on the documentation issued to you.

Third Party Charge

We may, on occasion, source your insurances through a wholesale broker, who may charge for their services. Any charges levied by a Wholesale broker will be disclosed in your invoice, endorsement or renewal notice


Return Premiums

All return premiums / rebates are refunded net of commission and will be refunded by cheque within 5 working days of them being agreed with the product producer.


Receipts

J V Hutton Ltd shall issue a receipt for each non-negotiable or negotiable instrument or payment received. These are issued with your protection in mind and should be stored safely.

General Insurance Schedule