How Do I Setup Insurance Products?
Domus customers can act as an insurance introducer which enables you to introduce customers to tenant and landlord insurance.
You will receive a commission on each new policy to help increase your revenue.
How Does It Work?
Tenants and landlords can get a quote and buy the insurance products from within their online account.
The following insurance products are available:
| Product | Description |
|---|---|
| Tenants Liability Insurance | Covers tenants for accidental damage to the landlord's property up to £10,000 |
| Tenants Contents Insurance | Protect the tenants possessions against theft, accidental damage, fire and other risks. Includes Tenant Liability Cover |
| Landlord Insurance | Configurable range of features and benefits including buildings, contents and rent protection cover |
You will receive up to 15% commission on each accepted policy which will help you increase your revenue.
Who Provides the Insurance?
The insurance is provided through Paymentshield who setup and administer the policy and collect payment. The policies are underwritten by major insurance companies such as AXA, Royal Sun Alliance, LVE and UK General.
How Does Commission Work?
A commission is payable on each new policy at an agreed commission rate. The commission is calculated on the premium not including Insurance Premium Tax (IPT).
Commission will become due and payable as soon as the policy administrator has received:
- The gross annual premium in full from the Insured;
- The first instalment payment payable by the Insured under a monthly credit agreement
Commissions will be included on the Commission Statement and a monthly total calculated.
The commission payment will be added to your Domus account.
How Do I Get Started?
To start acting as an introducer, you will need to get the insurance products added to your account. Please contact Domus support and we will be able to help you do this.
