Terms Of Business Agreement
About our insurance service
|1. The Financial Conduct Authority (FCA)|
|The FCA is the independent body that regulates financial services. Use this information to decide if our services are right for you.
|2. Whose products do we offer?|
|Unless stated by us to the contrary, your quotation has been provided on the basis of a fair analysis of the market.
In respect of Personal and Motor Legal Expenses we only offer products from Auto Legal Protection Services Limited
|3. Which service will we provide you with?|
|We will advise and make a recommendation for you after we have assessed your needs
|4. What will you have to pay us for our services?|
|We normally receive a commission from the insurer with whom we place your business and this is expressed as a percentage of the insurance premium.
We may also receive a commission from the placement of any premium finance arrangements or other third party services that we may introduce to you.
In addition, we charge an arrangement fee of £20
|In respect of any subsequent changes required to your policy we usually make an administrative charge of £20|
|You will receive a specific quotation, which will tell you about any other fees relating to your particular insurance policy, and full details are contained in our published Terms of Business, a copy of which is enclosed – as appropriate.
|5. Who Regulates Us?|
|Cass-Stephens Insurances Limited, Windsor House, 200 Barnwood Fields, Barnett Way, Barnwood, Gloucester, GL4 3RT is authorised and regulated by the Financial Conduct Authority. Our FCA Register number is 310323. You can check this on the Financial Services Register by visiting the FCA’s website at https://register.fca.org.uk/ or by contacting the FCA on 0800 111 6768.
Our permitted business includes advising, arranging, dealing in and assisting with the placing and administration of all types of General Insurance and arranging consumer credit where we act as a broker
|6. What to do if you have a complaint?|
Our aim is to provide a first class service, however, if you wish to register a complaint, please contact us:
…in writing Write to Paul Baldwin, Complaints Manager, Cass-Stephens Insurances Limited
Windsor House, 200 Barnwood Fields, Barnett Way, Barnwood, Gloucester, GL4 3RT],
… by phone 01452 300888
… by email firstname.lastname@example.org
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. – http://www.financial-ombudsman.org.uk/
|7. Are we covered by the Financial Services Compensation Scheme (FSCS)?|
|If we are unable to meet our obligations, you may be entitled to compensation from the FSCS.
If we have advised or arranged insurance for you this will be covered for 90% of a claim, without any upper limit, however claims under compulsory insurance, professional indemnity insurance and certain claims for injury, sickness or infirmity of the policyholder are protected at 100%.
Further information is available from the FSCS helpline on 0800 678 1100 or 020 7741 4100 and www.fscs.org.uk. Further information about compensation scheme arrangements is available from the FSCS.
TERMS OF BUSINESS AGREEMENT
Please read this document carefully. It sets out the terms on which we agree to act for you and contains details of the regulatory and statutory responsibilities imposed on us by the Financial Conduct Authority. Your continued instruction of us will constitute your acceptance of these terms and conditions.
Please contact us immediately if there is anything in these terms of business which you do not understand or with which you disagree.
THE FINANCIAL CONDUCT AUTHORITY
The Financial Conduct Authority is the independent watchdog that regulates financial services. Cass-Stephens Insurances Ltd is authorised and regulated by the Financial Conduct Authority. Our FCA Register number is 310323 and you can check our status at www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234. Our permitted business includes advising, arranging, dealing in and assisting with the placing and administration of all types of General Insurance policies.
DATA PROTECTION AND CONFIDENTIALITY
We are registered under the Data Protection Act 1998 and we undertake to comply with the Act in all our dealings with your personal data. Your personal information will be kept secure.
From time to time, we may disclose your personal (or other) information to other companies in the Cass-Stephens Group. We, or they, may use that information to inform you of services which may be of interest to you. If you prefer not to receive further information, please write to the Managing Director, Cass-Stephens Insurances Limited, Windsor House, 200 Barnwood Fields, Barnett Way, Barnwood, Gloucester, GL4 3RT.
It may be necessary for us to disclose information that you consider confidential to certain underwriters or insurers where such information is material to the risks being covered. Similarly, we may disclose to third parties certain industry-wide statistics or other information which may include information relating to you. Any sensitive information will be handled appropriately and information specific to you will not be identified without your consent. Under the Data Protection Act 1998 you have the right to see personal information about you that we hold in our records. If you have any queries please write to us at our usual office address.
We are an independent insurance broker, who acts on our customers’ behalf in arranging insurance. Our services include: advising you on your insurance needs; arranging your insurance cover with insurers to meet your requirements; and helping you with any ongoing changes you have to make.
As part of our service, we will assist you with any claim you have to make and tell you what your responsibilities are in relation to making claims. If you mislay your policy at any time, we will issue a replacement policy document, if you request it.
Whose products we offer
We usually offer advice from a range of insurers, representing a fair analysis of the market, however, under certain circumstances we may only deal with a limited panel , or single insurer. We will confirm, for each individual policy we provide you with, the basis of our advice.
The service we will provide you with
We will advise and make a recommendation for you after we have assessed your demands and needs. Our advice will be confirmed in a demands & needs and suitability statement, giving reasons for our recommendation. In respect of Motor Breakdown & Key Back covers you will not receive advice or a recommendation from us and you will then need to make your own choice about how to proceed.
Our remuneration for arranging your insurance will be in the form of commission paid to us by the insurer, unless we have an arrangement with you that our services are provided for an agreed fee.
The following charges may be made to cover the administration of your insurance (We will not impose any fees or charges in addition to the premium charged by the insurer without first disclosing the amount and purpose of the charge.):
Arranging new policies up to £50.00
Mid term adjustments up to £50.00
Renewals up to £50.00
Replacement/duplicate certificates or cover notes, up to £25.00
Personal Lines/Retail policies cancelled during the “Right to Cancel” period will be subject to an administration charge of £25, in addition to the premium charged by the insurer for the period of cover provided.
Commission and Fees are earned for the policy period and we will be entitled to retain all commission and fees in respect of the full policy period.
We may also be entitled to benefit from earnings we are able to generate due to the amount and profitability of business placed with certain insurers; payments under these arrangements recognise the services we provide to the insurer over a given period and are not directly related to the services provided to you.
PRIVACY AND DATA PROTECTION
We are registered by the Information Commissioner as Data Controllers – Data Protection Act, 1998.
- The information you have provided is safeguarded by the Act. By acting on or otherwise indicating your acceptance of this agreement, you authorise us and any company associated with us to process your personal data for the purposes of providing advice and for associated administration and management.
- By asking us to carry out work for you, you agree promptly to give us signed authority to obtain relevant data from present data holders if we ask you to do so.
- We will process data for legitimate purposes only. ‘Processing’ includes obtaining, recording or holding information or data, and transferring it to other entities. We may transfer data to product providers, the FCA, or any other statutory, governmental or regulatory body. This may include, where relevant, transfer to solicitors and/or other debt collection agencies for debt collection purposes. We may also use information concerning underwriting decisions taken by your insurers on your insurance for the purpose of settling disputes between those Insurers and our other clients under the Insurance Act 2015.
- If you consent, we may also contact you or pass your details to other companies associated with us to contact you (including by telephone) with details of any other similar products, promotions, or for related marketing purposes in which we think you may be interested.
WHAT TO DO IF YOU HAVE A COMPLAINT
Our aim is to provide a first class service, however, if you wish to register a complaint, please contact us by writing to The Complaints Manager, Cass-Stephens Insurances Ltd, Windsor House, 200 Barnwood Fields, Barnett Way, Barnwood, Gloucester, GL4 3RT, or, by phone Telephone 01452 300888, by fax 01452 314414.
We will provide you with a copy of our full complaints procedure and respond to you promptly. We will keep you informed of the progress of your complaint and aim to make a final response to you within eight weeks, or keep you informed as to why this is not possible. In the event that your complaint relates to activities or services provided by another party, we will ensure that your complaint is appropriately forwarded in writing, and will track the progress of the complaint and responses of that party.
After our final response has been issued, if you still cannot settle your complaint with us, you may be entitled to refer it the Financial Ombudsman Service, for an independent assessment and opinion.
The FOS Consumer Helpline is on 0845 080 1800 and their address is: Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall , London, E14 9SR
YOUR RIGHT TO CANCEL (APPLICABLE TO PERSONAL LINES CUSTOMERS ONLY)
You have a legal right to cancel your policy for any reason, subject to no claims having occurred, within 14 days of receiving the full terms & conditions. You will always be advised where this Right applies. A charge will apply for the period of cover provided and, in addition, we make an administration charge as detailed above.
If you wish to cancel a policy you must advise us in writing, prior to expiry of the 14-day cancellation period, to our usual address.
ARE WE COVERED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS)?
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS is the UK’s statutory fund of last resort for customers of authorised financial services firms, like ourselves. The FSCS can pay compensation if an authorised firm is unable or likely to be unable to pay claims against it, usually because it has gone out of business or is insolvent.
Insurance advising and arranging is covered for 100% of the first £2,000 and 90% of the remainder of the claim, without an upper limit. For compulsory insurances (for example, motor insurance and employers’ liability insurance), insurance advising and arranging is covered for 100% of the claim, without an upper limit. Further information about compensation scheme arrangements is available for the FSCS.
We normally accept payment by guaranteed cheque or the following credit/debit cards – Visa, MasterCard, and Maestro. You will be able to spread your payments through insurers’ instalment schemes or a credit scheme, which we have arranged with an established insurance premium finance provider. We will give you full information about your payment options and the appropriate finance agreement when we discuss your insurance in detail.
Please Note: Your policy cover will cease if you fail to keep up payments on an instalment agreement or premium finance facility related to it.
Information on how we treat Payments you make to us
Under the terms of our agreements with the Insurance companies with whom we place business, we normally receive premiums you pay to us as Agent of the Insurer. All insurance premiums you pay to us are protected in a Statutory Trust Client Account until we pay insurers. We do not pay any interest on premiums held by us in the course of arranging and administering your insurance.
The English language will be used for all communications, the contractual terms and conditions, and any information we are required to supply to you, before and during the duration of the contract. Any dispute will be governed by the law of England and Wales and subject to the jurisdiction of the English Court.
YOUR DUTY TO GIVE INFORMATION
You must take reasonable care to provide complete and accurate answers to the questions we ask when you take out, make changes to and renew your policy. If you are in any doubt please contact us.
If the information provided by you is not complete and accurate, the Insurer may cancel your policy and refuse to pay any claims, not pay any claim in full, or your premium may be revised or the extent of cover may be affected
THE INSURANCE ACT 2015
The act applies to all non-consumer insurance policies commencing on or after the 12th August 2016 and has a significant impact on the operation of your insurance policy, including your disclosure obligations towards insurers, warranties and fraud. The Act also clarifies the remedies that Insurance Companies may adopt in the event of your obligations not being complied with. Please see the Cass-Stephens Guide to the Insurance Act 2015 which explains what the Act means to you and what the obligations made upon you by it are
CONSENT FOR SEARCHES
To make sure you get the best deal from insurers, now or at any renewal or at any time and to protect their customers from fraud and to verify your identity, they may use publicly available data which they obtain from a variety of sources, including a credit reference agency and other external organizations. Their search will appear on your credit report whether or not your applications proceed. As well as these searches insurance companies may use a credit check to ascertain the most appropriate payment options for you. This credit check will also appear on your credit report whether or not your applications proceed. Unless we hear from you to the contrary we will assume that you are happy to proceed on this basis.