Free Insurance Broker Quote Template
Insurance brokers quote their service fee separately from the insurance premium because they act as intermediaries, not insurers. A clear quote explains what advisory, placement, and ongoing service the client receives for the broker's fee.
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How does an insurance broker write a quote?
An insurance broker quote sets out the planned advisory and any fee before placement, such as commercial cover placement, a policy review, and claims support. List each service and the fee basis, since some income comes from commission. Note what the premium itself depends on. The fee is an estimate until accepted.
Typical line items
- Commercial insurance placement and advisory
- Insurance policy review and recommendations
- Claims support and liaison (per claim)
- Risk assessment and cover analysis
- Market search and quotations
- Mid-term adjustments
- Broker fee or commission basis
- Premium (set by the insurer, separate)
How the work is charged
Insurance brokers usually quote a fixed advisory fee or earn commission from the insurer, with claims support itemised. The premium is set by the insurer and is separate from the broker's fee.
Payment terms and deposits
A quote commonly proposes the fee on placement, with the premium paid to the insurer on its own terms. The fee holds for a stated period and is an estimate until accepted, and commission disclosure is stated.
Tax and compliance
If you are registered for sales tax or VAT, show it as a separate line with your registration number. Insurance premium tax and broker fee treatment differ by jurisdiction, so confirm what applies.
Frequently asked questions
How do insurance brokers charge for their services?
Most brokers earn commission from the insurer: typically 10% to 20% of the annual premium. Some also charge a service fee of €200 to €800 per year for advisory and administration. Fee-only brokers (common in commercial insurance) charge €600 to €2,000 for complex placements. Be transparent about your remuneration model.
What should an insurance broking quote include?
Specify the policy types you're placing, the insurers you're approaching, your service scope (placement only, annual renewal, claims handling), your remuneration (commission percentage or flat fee), and the ongoing advisory support included. Clients who don't understand the commission model may feel misled at renewal.
Do brokers charge for claims assistance?
Basic claims notification is usually included in the broking service. Complex claims requiring significant time (public liability disputes, business interruption claims) often justify a separate claim handling fee. Quote this as an hourly rate of €100 to €180 per hour or a fixed fee per claim.
Related quote templates
Read the complete quoting guide to see how to price a job and turn an accepted quote into an invoice.
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